Halifax Real Estate Listings - Contract Types Available

For Halifax real estate listings, there are four main types available. Most people are aware of the exclusive right to sell; however, there are other options: exclusive agency listing, open listing, and one-time show.

Exclusive Right to Sell

With this listing, you assign a particular agent as your listing agent to sell your property. Therefore, if they manage to sell it, they get the commission from it. They’ll market your home to agents who have contact with potential buyers, who’ll then look around your property. This option is the most popular for agents because the listing agent will make money whoever sells the property and so will take the time to promote your property.

Open Listing

For Halifax real estate listings, this is the most popular type to opt for. This allows your agent to bring any potential buyers to your home and show them around the property. The notion of it being open is that you can have a number of agents working for you. Then, whichever is successful in selling your Halifax real estate earns the commission. For an open listing, an agent won’t put your property into the Multiple Listing Service or try to market it: This is because your property hasn’t been given exclusively to them. Instead, they’ll simply show any clients around that they feel might be suitable.

Exclusive Agency Listing

On the other hand, in terms of Halifax real estate listings, this is considered the least popular. For this listing, you agree to allow your agent a commission if your house sells, irrespective of whether they actually seal the deal. This means that they’ll receive a commission even if another agent sells it for you. The main reason as to why this route isn’t so well used is because the agent has no real motivation to actually sell your house. You can even look for buyers independently.

One-Time Show

Like the open listing, an agent is able to show possible buyers around your home. However, in this instance, you sign an agreement with any potential buyers that states that the agent will get the commission if this buyer wishes to purchase the property, for example Halifax condos. This provides protection for the agent. Also, as with an open listing, an agent won’t place you on the Multiple Listing System or spend time and money trying to market your property.

When looking into Halifax real estate listings, it’s worth considering all the options there are available to you. This way, you can be sure to get what you want out of your agent as well as your sale.