Welcome the Mobile MLS Center
, hope you find this info to be helpful in finding
Homes for sale in Mobile
or Baldwin Counties.
Come home to Mobile
- a place where the coastal lifestyle blends seamlessly with a rich 300-year-old history. Now enjoying economic growth like we've never seen,
Mobile
is the perfect place to start your family, start a career or give yourself an opportunity to live the kind of life you've always dreamed.
Mobile
is a wonderful southern city and the third most populous city in Alabama and is the county seat of
Mobile County
. The population within the city limits was 198,915 as of the 2000 census.
Mobile is the principal municipality
of the
Mobile Metropolitan Statistical Area
, a region of 399,843 residents which is composed solely of
Mobile County
and is the second largest MSA in the state. Mobile is included in the Mobile-Daphne-Fairhope Combined Statistical Area with a total population of 540,258, the second largest CSA in the state.
Multiple Listing Service
Your listing contract should specify whether or not the house will be listed with the
local MLS (multiple listing service)
. It is definitely in your interest to have the house listed. This is because your sales force is automatically multiplied by however many agents are members of the
local MLS
. If your house is not listed, then you only have one agent working for you instead of many.
Are Commissions Negotiable?
In some areas of the country there is a certain percentage that real estate agents expect to earn as a commission.This commission amount is a certain percent of the sales price.Or, some companies will charge a set fee for their services.However, just like anything else in real estate, this amount is negotiable.When completing the listing agreement, you and your agent will agree on the amount of the real estate commission.
How and When Listing Commissions are Earned
Your listing contract specifies a listing price. Your agent’s job is to bring a "ready, willing and able" buyer to present an offer. If you reach agreement with the buyer, then the agent has done his job and earned the commission. Once the sale has closed, the real estate broker gets paid from the proceeds of the sale.
If the buyer proves unable or unwilling to conclude the sale, the house is placed back on the market and the agent has to begin earning his or her commission all over again.
However, if the seller backs out or does not accept an offer that meets the price and terms of the listing agreement, the listing broker has still earned the commission. They may want to be paid, even though you did not actually sell your home. Therefore, it is very important to carefully consider every detail when completing your listing contract and accepting an offer to buy your property.
"Hot Market" Under-Pricing Sales Technique || Commission Issues
During a "hot market" there is a certain marketing technique which, though very effective, could cause trouble because of the way the contract is written. This is the practice of "under-pricing" the home. In a hot market, a home that is under-priced gets a lot of attention from other Realtors, and they all start showing your home to their clients. Often, you get into a situation where multiple offers are presented and the price starts going up because of the frenzy. You end up selling the house above your asking price and perhaps above what you could have received if you had priced it traditionally.
However, the technique does have the potential to backfire, so you should build safeguards to prevent having to pay a commission "just in case."
You see, the listing contract usually states that if an offer is received that meets the terms presented in the contract (including price), the real estate agent has earned his or her commission – even if you decide not to sell. A reputable agent would never attempt to collect a commission if they were using the "under-pricing" technique and it backfired, even if they are technically entitled to one. For that reason, in the "additional terms" space on the listing contract, you should specify your true target price | when the agent has really earned the commission.
For
Questions about our site
Call (251) 721-5626 or Email
one of our friendly customer service representatives.
MOBILE MLS NEWS:
Buyer's vs. Seller's Real Estate Market: In a market with a limited supply of homes for sale, sellers often have the upper hand. Buyers find themselves in multiple offer competition, which puts an upward pressure on home prices.
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