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Author: 1960TR3 Two stars, 250 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 127684  
Subject: Re: How Long a listing period Date: 12/9/1999 1:04 PM
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>>wondering what a fair and customary listing period should be<<

Like so many things discussed on this board...it depends to some extent on your individual market. I'll sold realestate in a slow, or buyers market. The average length of time on the market city-wide was 12 months! My listings were all taken at 12 months. I'm in a different market now...more balanced but leaning toward seller-preference. Average time on the market is significantly less. All my listings are for 6 months. Where are you going to price the property? At the top where it will be on the market forever? At a competitive price where you expect to sell it within market averages and for a good price. Or cheaply to sell immediately? Weigh what your market is doing and where you're priced and expect that will be around the time you should list. For every property there is a 4 hour price, a 4 day price, a 4 week price, a 4 month price, a 4 year price, and so on.

Also, have you interviewed other brokers/Realtors? What have they told you?

When I list a property I give all my clients an "out", or "guarantee". I tell them (in writing) that if they are ever unhappy with the service I'm providing, they can cancel the contract. Is your agent giving you some sort of guarantee of services? Is everything he/she is telling you he/she will do to market your property in writing?

Lastly, keep in mind that, according to the Nation Assn. of Realtors, approximately 60% of all homes listed will not sell in the initial contracted time. Thus, your agent has to have some sort of comfort level that your home will sell before he/she starts spending money to get it sold. If you want the 4 year price don't expect a 90 day contract <S>.

Bob
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