Listing Agent vs Selling Agent: What Are the Differences?
Between home-selling scams and competitive bidding, selling a home on your own can seem fraught with peril.
Researching and hiring can seem like an attractive proposition. You can keep more of your sale proceeds and remain safe from fraud or post-offer price haggling.
The question is, how do you choose the right agent? Read on for an explanation of the differences between a listing agent vs selling agent.
Defining the Seller and Listing Agent Roles
A listing agent is a real estate agent who is hired by the seller of a property to list the home, market it to potential buyers, and coordinate negotiations. Listing agents typically focus on pricing the home accurately, preparing it for sale, advertising, and managing open houses.
A selling agent is hired by the buyer to represent them throughout the purchase of the property. Selling agents will negotiate on behalf of the buyer to get the best price, and terms and conditions, inspect the property and ensure all closing documents are completed properly.
Comparing Responsibilities and Services
A listing agent’s job is to market the property and negotiate offers between the buyers and sellers. They are responsible for:
- Negotiating the listing agreement
- Conducting price analysis on residential real estate
- Obtaining necessary documents
The selling agent works for the buyer. Their primary responsibility is to assist the buyer through the whole process, from searching for a suitable property to submitting an offer to the seller and closing the sale. They also advise their clients on any legal and financial matters, prepare documents, and more.
In comparison, a listing agent’s responsibilities and services go beyond the buyer and focus more on the seller to ensure the highest possible sale price on a property.
Finding the Right Agent for Your Home Sale Needs
When it comes to selling your home, it’s important to find the right agent for your needs. A listing agent is the one who markets the home and works with the seller, and a selling agent is the one who helps facilitate the sale and works with the buyer.
The listing agent will have a thorough understanding of the local market, pricing, and nuances of the sales process, and will be able to assist the seller in marketing and listing the home.
On the opposite side, the selling agent has the experience and knowledge to help the buyer navigate the process and look at the various aspects of an offer and potential property to determine if it’s in their best interest.
Finding and working with the right agents makes the home sale process smoother and less stressful for both sides. They can extend beyond their job role to assist in making the sale successful and mutually beneficial. When looking to hire an agent, take the time to explore the different options and research their background to determine the best fit for your needs.
Learn About Listing Agent vs Selling Agent Today
When buying or selling a house, it is important to understand the differences between a listing agent vs selling agent.
Selling agents can provide the most up-to-date market information and can negotiate on the buyer’s behalf. Listing agents are responsible for marketing the property and finding a buyer.
Contact a reputable real estate agent today to get started!
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