When buyer demand exceeds the supply of homes available it is a seller’s market. When inventory is low, the sellers have the advantage. Homes sell faster and because buyers are competing there can be a multiple-offer situation. During a seller’s market, it is not uncommon for homes to go asking price and for contingencies to be waived.

First impressions are critical when you decide to put your home on the market so there are a few key items to get your home ready to sell. First, declutter! It’s hard for a potential home buyer to visualize living in your home if it’s full. Next, make any necessary repairs. Once you’ve decluttered and tackled your fix-it list it’s time to clean and depersonalize so you’re ready for photos and to get your home on the market.

Yes! It’s important to find an agent that you click with because they will be your partner during the home-selling journey. They will give you advice, help get your home ready to sell, and guide you through the paperwork. You want an experienced agent with a solid team behind them to help market your property. At Bozeman Real Estate Group we take a progressive approach to marketing your home to ensure it is well-represented online, in print, and in person. As the highest-producing independently owned real estate office in Bozeman we have a team of experienced agents that can help you list your home.

The listing fee is essentially the cost you pay to an agent for listing your property and providing services associated with it. Marketing costs usually include professional photos, virtual tours, print materials, online ads, etc. Other services are getting your home on their multiple listing provider, websites, scheduling showings, guiding your through negotiations, and getting you to the closing table. The listing fee is not paid until the home is sold and is based off the sales price. A portion of the listing fee also goes to the buyer’s agent.

Contingent means depending on certain circumstances so in real estate if you see a home listed as contingent it means an offer has been accepted but before it closes some sort of criteria must be met. Often in real estate, you will find finance or inspection contingencies meaning the offer could change based on the buyer’s ability to get financing or what might show up on an inspection. These are very common in real estate transactions.