While selling your home may have less visibility for other real estate professionals and potential buyers compared to MLS deals, you will have more control over who sees your home. So if you`re a buyer, and you want a home in a certain neighborhood, and you`ll offer the “exclusive opportunity” to get on a list, and be called before a home is available for someone else, maybe if you`re told to pay $25 for a $20 bill, you won`t notice that you`re being taken for a trip? In these scenarios, I can see why both agents and buyers/sellers are looking at an exclusive offer. Because there`s less pressure and less stress. (Although I`m not sure if these are exclusive quotes, but pre-listings?) 4 – The seller and agent want to pre-market a home while it prepares for sale. With an exclusive listing agreement signed, the listing agent allows to pre-market a house online and with a sign coming-soon. This is an opportunity to let buyers know that a home is for sale when it is not yet ready to be shown. As soon as organized real estate was collected with the Internet, the “multiple listing service” was created and all offers in which the collaborating brokers could be made public. With improved technology, the ability to share information, and today there are thousands of MLSes around the world. In Toronto, the private MLS database is shared by more than 52,000 real estate agents. It works in the same way as the 19th year – the listing agent publishes a property and compensation offer to his competitors in the hope of realizing the sale. MLS works: most Toronto properties are promoted to MLS and sold with the help of two agents – one representing the seller and the other representing the buyer. I have never asked a seller to sign an exclusive offer because, frankly, I do not believe it is in their best interest, and I think disclosing the list to 50,000 real estate agents and their collective clients is a better idea than a sign on the lawn that asks people to call me.
2 – The speed of sale is more important than the price. Sometimes it takes a house to be prepared, staged and marketed is too long, and a seller has reason to want to sell quickly.