Ginger Chao

Sellers Guide » Listing Your Property

The Listing Presentation

Without any obligation to hiring a Realtor, you can ask a REALTOR®to come to your house to give a "listing presentation." The REALTOR®will present his or her qualifications, explain how they will market your home, and most importantly provide you with a comparative market analysis (CMA). The CMA details information on past sales in your neighbourhood, homes that didn't sell and homes that are currently for sale. The REALTOR®will use the CMA, market statistics and his or her knowledge of the neighbourhood to help you set a price for your home.

The REALTOR®can also prepare an estimate of the net proceeds you will receive when your home sells. This is based on the suggested sale price of your property and any financing you have in place.

The Listing Contract

Once you have selected a Realtor, you will need to sign a listing contract in order for your REALTOR®to list your property for sale on the Multiple Listing Service (MLS®), a central database of properties for sale that is available to Realtors.

The contract will contain:

  • The price of the property.
  • The address and legal description of the property.
  • The existing financing arrangements.
  • A list of items (known as fixtures) that will not be included in the sale, i.e., a light fixture.
  • The commission amount.
  • The expiry date of the listing contract.

Your REALTOR® will also get you to fill out a Property Disclosure Statement, a form where you indicate the condition of your property.

Realtor Fees

Usually a Realtor works on a commission basis and only receives payment upon the successful sale of your home. The commission can be a percentage of the total sale or a flat rate. The commission is not set by law or by local real estate boards. It is negotiable between you and your Realtor.

For more information on commissions review the Realty Link In Print article "How Realtors earn their commission."

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Ginger Chao - Coldwell Banker Westburn Realty
5489 Kingsway, Burnaby, BC V5H 2G1
Business: 604-437-1123 Fax: 604-437-9077

This site provides real estate information, listings and tools servicing the Greater Vancouver and Fraser Valley Areas of British Columbia (BC) Canada. Areas serviced include Vancouver, West Vancouver, North Vancouver, Burnaby, Richmond, New Westminster, Coquitlam, Port Coquitlam, Port Moody, Maple Ridge, Pitt Meadows, Surrey, Whiterock, Delta, Tsawwassen, Ladner, North Delta, Langley, Abbotsford, Chilliwack and Mission. As some of these areas are outside of my core service area, We provide a free referal service so that consumers can have confidence that they will be working with a trusted and competent REALTOR®in the area they are selling or buying in.

We can assist repeat home buyers & sellers, first time buyers, investors looking for single or multiple unit investment properties, building lots, and new construction project purchases.