Home Selling: Types of Home Listing

Home Selling

Home listing is part of a marketing strategy for home selling. It is one of the ways to reach potential buyers. There are several types of listing but only a few are commonly used.

Open Listing

This is commonly used by home owners who have chosen FSBO (For Sale By Owner.) As the name suggests, this is a non-exclusive listing. As the seller, you can have a listing to as many brokers as you want and you only pay commission to whoever finds a buyer first. That also means you need not pay any commission if you found your own buyer. Most brokers do not want to work an open listing unless the home inventory is low.

One-Time Show

This is somehow similar to an open listing. Sometimes, a broker will show a FSBO to one of his clients. The seller signs a one-time agreement which guarantees that the broker gets a commission should the specified potential buyer closes the deal. This prevents the seller from negotiating to the buyer directly after the showing and avoids paying the agent’s commission.

Multiple Listing

This is the very core of home listing. The goal of marketing is to reach as many potential buyers as possible; with MLS (Multiple Listing System) you can achieve this goal. MLS has a huge network of agents and these agents have access to clients looking to buy a home. This type of network will sell your home. Without MLS, for sale by owners are at a disadvantage.

Sellers with FSBO do not necessarily need to list their homes to sell. The presence of private property investors makes FSBO easier. The seller needs only to work with a decent property investor and he is guaranteed to have a close deal within a few days.

Private investors, such as Lucas Properties, have a list of buyers who are qualified to purchase a home but unlike brokers, they do not ask for commission. The biggest benefit that private investors have to offer is they provide for sale by owners an option to beat the time and expense of selling their homes the traditional way.

Homeowner’s Options When Facing Foreclosure

To a home owner, facing a foreclosure can be very devastating. However, you still have options before foreclosure really happens and you might still be able to save your home or at least your credit record. The following are some of the options that a homeowner can go for to avoid foreclosure:

Ask for financial assistance and make your loan current. Perhaps this is the most straightforward but may not be the easiest path. If you are failing in your monthly dues, call your bank immediately and work out a deal. If you can, make up with your back payments by adding it to your monthly dues. If you can’t, ask for financial assistance from your family and friends. They may be able to loan you any amount without pressuring you to pay up immediately. You can also try consumer lenders but you have to make sure that you know the terms and conditions; else, you will end up having more problems than you have before.

If you can’t keep your home by using other countermeasures, you can still avoid foreclosure by selling it. There are many ways to sell a home and you should review each option before you choose one. The key is not just selling your home but to sell it immediately, before foreclosure happens. These options include selling the house yourself; hand over the deed to your lender, use a realtor, auction your house, or sell it to private investors. Each option has its advantages but if you want quick and easy sale, your best option is selling your home to private investors. Private investors, like Lucas Properties, do not wait for bank approval so you can be assured that you will have a closed deal in just a few days. They also pay you with cash, so what more can you ask for. Get in touch with Lucas Properties and save your credit record.