A client is a buyer or seller who has signed a written listing contract or buyer-broker type contract to be “represented” by a broker. If there is no written agreement you will Not become a client! This written contract or agreement should answer:
- How will the brokerage be paid and when?”
- “How long am I obligated under this contract?”
- “Can I also work with other brokerage companies during this agreement? Or, what will happen if I sell or buy on my own?”
- Am I willing to let this brokerage company represent both me and the buyer (or seller)?”
A client is represented by the broker and his or her sales associates. If you are “represented” as a client, you can expect the real estate professional to:
- Reasonably act to negotiate the best price and terms for you;
- Tell you important information the agent knows or should reasonably have known which would influence your decision to buy or sell.
- Keep information about your bargaining position confidential in the marketplace; and
- Promote your interests with good faith, honesty and fair dealing and use reasonable skill and care in business dealings with you.
We offer many services to help you sell your home or property. Some of the most important elements in selling a property are 1) determining the market value of the property; 2) using professional marketing tools; and 3) knowing the pace of the market. A seller’s motivation to sell is a key factor in not only determining the asking price; but also in cultivating a professional marketing plan. From listing your home or property on the market to scheduling the closing date; we are there every step of the way!
Explain Real Estate: We will spend time explaining the complex terms, principles and practices of real estate. For example, you may want clarification of such things as how the market value of your property is determined, what type of information you should disclose to prospective buyers, how showings will be scheduled, and closing procedures.
Review Net Closing Costs: We review your financial situation to make sure that the asking price is what you need and is appropriate for the market. We take into consideration current loan payoffs, prepayment penalties, and closing costs to make sure you make an informed decision when you consider selling. To do this, we need the loan payoff information from your lending institution. If you are not comfortable in disclosing personal financial information to us, we can provide you with the tools to create your own net closing settlement statement.
Professional Marketing Team: The most essential aspect of selling a home or property is marketing! Quality photos, advertising venues, targeted marketing, and creative copy writing are just a few of the elements that go into establishing a marketing plan. Our in-house professional marketing team can custom develop a professional marketing plan for your property!
Screen Buyers: Throughout the marketing and showing of your property, we screen the various potential buyers to make sure they are qualified. We don’t want to waste your time showing your home to unqualified buyers.
Compare Properties: Properties don’t always sell right away. Market factors and potential overpricing can have a significant affect on properties. To determine that your property remains competitively priced, we will conduct periodic market evaluations. We do this by collecting detailed information on comparable properties that have sold. By comparing these sold properties to yours, we can determine what can make your property attractive in the market.
There’s more! Whether you’re looking to sell your home, land, business, investment or commercial property, we will be with you every step of the way!
For a thorough explanation review the “Agency Law in Idaho“ form. If you still have questions concerning agency, call us, we would be happy to assist.