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How do I know if the home I'm considering is a good investment and will retain its value over time in a rapidly changing real estate market?

A listing agreement is a crucial contract between a seller and a real estate agent, outlining the agent's responsibilities, commission, and contract duration, and understanding its terms is essential before signing.

There are three types of listing agreements: exclusive right to sell, exclusive agency, and open listing agreements, each with different TERMS and implications for the seller.

A good listing description should include essential details about the property, such as its features, condition, and location, and be concise, well-organized, and error-free.

High-quality photos and virtual tours are essential components of a listing, as they give potential buyers a clear understanding of the property.

In a net listing agreement, the listing agent guarantees to sell the house for a certain set price, and if sold for a higher amount, they pocket the difference as their commission.

The standard real estate listing agreement covers key terms, including the commission amount, start and expiration dates, and the agent's responsibilities.

The commission amount in a standard listing agreement is typically 5-6% of the sale proceeds, with half going to the buyer's agent.

Signing a listing agreement for a shorter duration is recommended, as it gives the seller more flexibility and negotiating power.

Real estate disclosures must be submitted in writing, and sellers have an obligation to disclose known defects and issues with the property.

Disclosure statements are not the same as inspection reports, and not all sellers do a pre-inspection, and not all buyers choose to do a home inspection.

Square footage is a critical factor in a real estate listing, as it indicates the amount of space in the home, and the price per square foot is sometimes included.

Property records and real estate listings can be searched online, providing valuable information about the property's history and features.

Key features mentioned in listing descriptions, such as "barn doors," "shaker cabinets," and "farmhouse sink," can impact the sale price and duration, with some features increasing the sale price by up to 134%.

Understanding the local real estate market trends and prices is essential in determining if a home is a good investment and will retain its value over time.

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