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Home Seller Agreement

When it comes to selling your home, there are numerous documents that you need to be familiar with. One such document is a home seller agreement, which is a legal contract between you, the home seller, and your real estate agent. This agreement is particularly important because it outlines the terms and conditions that will govern your working relationship with your agent.

A home seller agreement generally includes:

1. Listing price and commission: The agreement should specify the listing price that you and your agent agree upon, and the commission that your agent will receive upon the sale of your property. The commission rate is typically between 5-6% of the sale price.

2. Duration of agreement: The agreement should also specify the length of time that it is valid, which is typically three to six months. If your property hasn`t sold by the end of the agreement, you may choose to either extend it or work with a different agent.

3. Marketing plan: The agreement should detail how your agent will market your property, which may include listing it on the MLS (Multiple Listing Service), advertising it online, holding open houses, and more.

4. Home condition: The agreement should outline the expected condition of your home prior to listing it for sale. Your agent may suggest that you make repairs or improvements to your property to make it more attractive to potential buyers.

5. Termination of agreement: The agreement should also specify the circumstances under which it can be terminated, such as if you decide to take your property off the market or if your agent breaches the terms of the agreement.

It`s important to note that every home seller agreement is different and can be customized to meet your specific needs. Before signing any agreement, you should take the time to understand the terms and conditions and ask questions if anything is unclear.

In conclusion, a home seller agreement is a crucial document that outlines the terms and conditions of your working relationship with your real estate agent. By understanding what`s included in a typical agreement, you can make informed decisions about how to best sell your property and protect your interests throughout the process.