Week 3 Listing and Selling Residential Properties and Specialized Properties

Discuss the differences in listing and selling residential properties versus specialized properties. Which type of property most interests you? Why?

The major differences in listing and selling residential properties versus specialized properties is that listing and selling residential properties is usually a one agent show; whereas, listing and selling specialized properties can involve multiple agents to complete the transaction. Listing and selling both residential and specialized properties requires an agent to be committed. Will it be an easy process? That all depends on the property that is up for sell or to buy. It’s generally easier to get a listing than to make a sale because there are typically more people who want to sell than there are qualified buyers who want to purchase (Edwards, 2006).

Listing and selling residential properties is what interests me. I want to help potential buyers make their dreams come true in owning a home. Never in a million years did I expect to purchase a home. Where I come from, everyone is on welfare and lives in the projects. Finance and credit is not taught. In my home buying experience, at first, it was scary. During the process, some relief surfaced. At closing, signing all the documents, and having the keys placed in my hand was a joyful moment. It even brought tears to my eyes because I am the first person in my family to be a home owner. Now, I share my experience and provide guidance to my family and friends about the purchase of a home in hopes that one day they will achieve this dream too.

Discuss how to prepare for a listing appointment and the necessary information to properly conduct a listing appointment.

There are several steps you need to do in order to prepare for a listing appointment. They are (1) Research the property thoroughly; (2) Visit the residence; (3) Complete a market analysis; and (4) Bring your listing folder up-to-date (Edwards, 2006). You need to know as much as possible about the property you are going to view. Make sure you have your presentation ready and arrive on time. Nothing sends a more unprofessional picture than showing up late for the first visit. This way you can present the information to the seller in hopes that they will list their property with you.

Reference

Edwards, K. W. (2006). Your Successful Real Estate Career. Saranac Lake: AMACOM. Retrieved from http://ebookcentral.proquest.com.ezproxy1.apus.edu/lib/apus/detail.action?docID=3001828