Do you understand the difference between a listing agent and a selling agent? Not sure which kind of agent you need when buying or selling a home?
If you’re buying or selling a property, working with a real estate agent can be a very good choice. However, knowing the differences between the different types of agents isn’t as simple as you may expect.
Fortunately, we’re here to be your guide. Here’s what you need to understand about hiring a listing vs. selling agent.
What is a Listing Agent?
A listing agent is a person that will help a real estate seller list their property and that will help them will all parts of the selling process. Listing agents help sellers to price and market the home and will do many other things to help make the process easier.
A listing agent will help the seller list their home or property on listing services and will assist with marketing the home. They’ll also help negotiate prices and conditions with buyers, will help schedule showings, and will help handle closing paperwork. A listing agent will also help a seller get the highest amount possible for their home and will help it sell quickly.
Keep in mind, however, that if you want to sell your home as fast as possible then you may want to sell it for cash. Be sure to check out this article to learn more.
What is a Selling Agent?
While a listing agent works with the seller, a selling agent actually works with the buyer of a real estate transaction. It may seem surprising, but a selling agent is also known as a buyer’s agent.
Working with this type of agent allows a buyer to have an easier time finding a home to buy that fits their specifications. Selling agents are very knowledgeable about a particular area and can help a buyer find what they’re looking for.
Some of the main things that a selling agent will help with include finding properties to show buyers, helping buyers get financing, and helping ensure that the buyers are paying a reasonable price for a home. They’ll also help buyers handle the closing process.
Can Real Estate Agents Be Both?
Something that’s important to realize about listing and selling agents is that the same person can do both jobs. However, the same agent usually won’t do both jobs for the same transaction.
Using both a selling agent and a listing agent in a real estate transaction allows for more fairness. It ensures that everyone involved in a real estate deal is getting help with getting their needs met.
While it’s possible for a selling agent to help a buyer make an offer on a home, a listing agent won’t act as a selling agent for a buyer if they’re also working for the seller.
Understanding the Purpose of a Listing Vs. Selling Agent
To understand the distinction between a listing vs. selling agent, be sure that you consider all of the information above. Hiring a real estate agent can be helpful whether you’re buying or selling a piece of property. However, you should be sure to know what type of agent you need to work with.
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