Seller's FAQ | Mary Beth Lake | Harry Norman, Realtors®

Q: What's the difference between a Selling Agent and a Listing Agent?
A Selling agent is hired by the buyer to represent them in purchasing a home. A listing agent is hired by an owner to help sell their home.

Q: Who pays a Realtor's commission?
The seller of the home. It is an incentive that helps pay for marketing of your home. Half of the commission money goes to the listing agent and company while the other half of the commission money goes to the selling agent and company.

Q: How should I price my home?
The price of your home depends on many factors. The chart below is a good depiction of the relationship between the price, the number of buyers, and the time your home is likely to be on the market.

Q: What kind of improvements will garner me the most amount of return for the money?

Source: Sure Contacts Feb. 2009 Newsletter

Q: What is the difference between an appraiser and an inspector?
An appraiser is hired by the lender to estimate the value of a home so that the lender will feel comfortable with the amount of money he is lending the buyer. In the event that a buyer/owner defaults on his mortgage, the lender wants to make sure that he can recoup the money he has lent. An inspector is hired by the prospective buyer to evaluate the home with a fine-toothed comb. He looks for defects in the home such as water damage, electrical problems, rotting wood, etc.