When you select selling a house by way of a real estate agent you will be up against your decision to list your house with several real estate agents, this really is called an 'open listing' or you can list your house as a 'sole agency' or 'exclusive' listing.
The strategy you choose could affect the last selling price of your property and the time your house is on the market for, this is why it is vital that you firstly have the proper information to be able to make a decision and then assess which method works best for your house and your own personal situation.Selling a House being an Open Listing:An open listing gets its name from the fact when you list your house available being an open listing you 'open' the listing around multiple real estate agents from multiple real estate agencies to allow them to represent your house as the sales agent.
By having an open listing you're not tied into using only 1 real estate agent for a set time period as you'd under a sole agency listing.Each real estate agent can have their own database or contact listing of buyers that are looking for specific forms of houses and if your house matches the requirements of among their existing prospects, it might cause a sale.
However, open listings will never get the full attention or service from the agents as it would if your house was listed being an exclusive-agency listing.One important tip here: By having an open listing all the agents will want to set up a available register front of your property so that they may increase their potential for receiving sales enquiries off the sign.
This might be because the home has been on the market for such a long time, the price might be excessive or there may be something wrong with the property or the location by which it's situated.
Having way too many agent signs out the front of your property may make it appear to be always a property in distress and this can affect your end selling price and even the buyers first impressions once they drive past your house.Listing your house being an open listing could also bring about having to spend less money in advertising.