Can I Use Two Realtors® To Sell My House?
Definition of "Can I Use Two Realtors® to Sell My House?"
Yes, you can use two realtors® to sell your house. Actually, more than two. You can use how many you’d like.
It’s what is called an Open Listing. In it, the home seller pretty much says “Hey, realtors®! Whoever brings me the best offer first, wins”, which, in paper, looks great, wouldn’t you agree? Having several real estate agents searching for potential home buyers will make the whole process faster; they’re bound to find a buyer for your house faster than if you would rely on only one. Competition is great, right?
Well, not most of the times, and definitely not in this case. The problem is that most realtors® shy away from Open Listings. At least the very good ones. They ask themselves: why waste my already scarce time to find a home buyer for this property only for the seller to choose another offer? They prefer working with an Exclusive Right to Sell Listing, which guarantees them a reward for their work.
There are two scenarios that are best suited for the use of two realtors® or more to sell a house. One is if your house is very unique. So much so that even well-established real estate agents will bid for it because they have clients looking for that house and the supply of houses like yours is almost non-existent. And the other one is if you are in a hurry. Then it *might* be a good idea because you want the most real estate agents trying to sell your house you can – even if they are not particularly the most sought-after.
So, as you can see; it’s not a matter if you can use two realtors® to sell your house. Yes, you can. But *should* you? That’s up to you to answer…
Real Estate Advice:
What there is no doubt about is the fact that you need to find a real estate agent. Contact one of ours now!
And if things are still a bit blurry, check our Listings 101 article so you become an expert on all types of arrangements you can do with a realtor® selling your house.
Popular Real Estate Questions
Popular Real Estate Glossary Terms
Individuals, homeowners, and businesses often engage in disputes and conflicts that require fast resolution. However, everybody seeks to avoid legal proceedings. One amicable way to address ...
The real and personal assets of a person at the date of death. The distribution of the assets to the heirs depends on the provision of the will. If no will exists, the distribution is based ...
The term market segmentation is mostly used in marketing for assembling prospective buyers in groups based on their needs and their response to a marketing action. One definition of market ...
Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due date. ...
Gradual and steady increase in the general price level which is bearable in the near term but may result in significant long-term price increases, See also galloping inflation. ...
Mortgage where the lender pays a borrower a fixed monthly payment based on the value of the property. It allows the borrower to receive monthly receipts against the equity in his or her ...
Claim on property by an unpaid workman or contractor. The property may be sold to recover the money owed. The legal justification of the mechanic's lien is that the labor and materials ...
part of the Department of Housing and Urban Development (HUD), which sees that complete disclosures are made for land sales. ...
Licensed real estate broker who has a listing of property for sale. ...
Have a question or comment?
We're here to help.