In the past, if you wanted to sell your house, you had two choices: sign with a listing agent or try your hand selling it yourself. Today there is a third option: residential home selling services. Here's what you need to know.
What are residential home selling services?
Residential home selling services are businesses that help people to list and sell their homes. These businesses typically provide a wide range of services, from helping to set a realistic asking price to handling advertising and marketing, negotiating with buyers, and even coordinating the closing process all at a discount from traditional real estate commissions.
What does 'list' a home mean?
When you list a home, you are essentially putting it up for sale on the market. Additionally, it refers to placing your home on the Multi-Listing Service, or the MLS. This is a database of all the homes for sale in your area and the main source of information for licensed real estate agents.
What is the difference between a home selling service and other forms of selling?
A home selling service is located somewhere between a full-service agent and FSBO, which is the acronym for selling a home by yourself or For Sale By Owner, in terms of cost and contact.
A home selling service offers slightly less client contact than a full-service real estate agent but for much less than the traditional real estate commission. In other words, you can save money with a home selling service if you are willing to do some of the work yourself.
What should you look for in a good residential home selling service?
There are a few things that you should look for when choosing a residential home selling service, such as:
- A good reputation: Look for a business that has a good reputation in the industry. You can ask friends and family for recommendations, or look for online reviews.
- Extensive experience: Choose a business that has extensive experience in the real estate industry. This way, you can be confident that they will be able to help you
- A wide range of services: as mentioned above, a good residential home selling service will offer a wide range of services to help you sell.
What is the best way to find a reputable residential home selling service?
A great way to find a reputable residential home selling service is by asking for referrals from people you trust, such as family or friends. You can also read online reviews to get an idea of what other people's experiences have been like.
If you're looking for help selling your home, talk to a residential home selling service near you.