Listing Agent vs. Selling Agent:
What Are the Differences?
In 2020, Millenials bought more real estate than ever before. In fact, they surpassed the threshold of mortgage originations by 50%. And with more millennials buying homes, more questions begin to rise relating to real estate.
One of the most important is the difference between a listing agent vs. selling agent. So if you're having similar questions, then keep reading this article to learn more about the topic!
What Is a Listing Agent?
A listing agent can facilitate the sale of your home by competitively pricing your home. A listing agent also uses marketing strategies to get more buyers aware of your home. These two factors will ultimately sell your home faster than any "home for sale by owner" agreement.
Listing Agent Guide
But not every listing agent posses the quality and skills needed to sell a home at a great price and time frame. So if you want to sell your home, look for an agent with these skills:
- They have at least 4 years of experience
- They are knowledgeable of the housing market and its fluctuations
- They are good communicators
- They are good with people and numbers
Overall, you want your listing agent to get everyone involved a good deal. This way, no one is left feeling unsure about the home selling/buying process.
What Is a Selling Agent?
In contrast, a selling agent will help the buyer by finding listings for them to potentially buy. Sometimes you may see a listing agent referred to as a "buyers agent". However, they both do the same work for a buyer.
Getting a selling agent can reduce the stress in the home buying process. Selling agents will do thorough research based on your criteria and the available inventory within the market. And once they find the perfect match, they will also help you get the best deal by negotiating with the seller.
Selling Agent Guide
If you're in the process of buying a home, here are some attributes to look for in the best selling agent:
- Self-starter
- Great attitude
- Years of experience
- Knowledgable about the market
By vetting out your selling agents, your options become more refined to your needs. Therefore, your final choice will be exactly what you wanted.
Listing Agent vs. Selling Agent
Whether you're selling or looking for a home, an agent is definitely a necessity. For starters, buying a home is stressful and your options may be limited if you're representing yourself.
Luckily, a selling agent can help you find properties that haven't hit the market yet, or even properties that are off-market. Only exclusive buyers get the first showings.
Aside from buying a home, selling a home is also equally stressful. And as you may know, time is of the essence the second your listing hits the market.
But agents have the connections and marketing power to get the word out fast. So having a larger connection will put you ahead in terms of selling time and final asking price.
Real Estate Topics Made Easy
Now that you know the difference between a listing agent vs. selling agent, you can begin your selling or buying process. And we know this process can be overwhelming, so consider hiring an agent. Doing so will allow you to fully experience this amazing process without the stress.
If you enjoyed this article, explore the rest of our blog where we talk about other real estate topics!