Listing An Investment Property With A Home Realtor - What Are The Problems?

By Author: Rick Lopez
Total Articles: 148
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As aninvestment property seller, the most important thing that you would want is to make as much money from the real estate sale process as possible. If you have decided to list your investment property with a home realtor in Windsor Nova Scotia, you need to understand that there can be a few problems when you do that.

Commission

You have to pay him the realtor’s commission.
Expect to pay him a commission in the range of 3 – 10%. The commission amount will be based on various factors. But when you take into account the fact that the realtor will take a 10% commission and you have to pay a huge sum by way of loans, you can understand how less you will make from the transaction.

Long-Term Contract

Once you list the property with a specific realtor in Nova Scotia, you will be stuck into a long-term contract with him, and cannot list it with any other agent until the expiry of your contract. If you soon find out that you have hired a bad realtor, you cannot back out of the contract quickly. Thus, to avoid legal issues, you have to wait until the contract term ends. All the time, your property will sit on the real estate market.

Lack of experience with Investment Property

Your realtor might be experienced in selling other types of properties. However, selling off an investment property is a different ball game altogether. You need an expert who specializes in the sale of investment properties.

Author Resource:-

Rick advises people about real estate, property investment and affordable housing schemes. You can find his thoughts at real estate agent Nova Scotia blog. If you would like more information about real estate property listings, please visit this website.