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Rainmaker
4,550,337
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Real estate is all about negotiations.  As far as "shoulds" there are none but the answer about length should include a disussion on a number of factors including the requirements of the seller/brokerage and market conditions.

Feb 04, 2017 03:44 AM
Rainmaker
1,528,344
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
CEO of Vision Drive Realty - Coastal San Diego
  1. The Price Decides.
  2. The market decides (DOM stats).
  3. I decide and get or negotiate for the seller's approval.
Feb 04, 2017 01:08 AM
Ambassador
2,678,459
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Negotiable.  Allow yourself more than enough time, even in a hot market.

Feb 03, 2017 05:11 PM
Ambassador
3,580,029
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

I typically list for 6 months as most of our homes sell pretty quickly, some within days. But it really depends on what the market is doing.  A hot market 3 months might be just fine. And if the home is on the mid to high end it takes a lot more $$$ to market etc so I won't even consider a 3 month listing for this type of listing as they do take longer to sell on average in my market.

Feb 03, 2017 04:25 PM
Rainmaker
809,258
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

The length of time a home is on the market is ultimately the sellers decision. However, a listing agreement between a seller and an agent marketing it is determined when the listing agreement contract is signed by both parties and has a beginning and ending date.  The agent has the right to not take a listing if the seller doesn't want to list for the period of time the agent requires the listing agreement to be for.

Feb 03, 2017 04:13 PM
Ambassador
5,198,172
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

The Contract is between both the seller and the brokerage - so, both parties have to agree upon the length of the listing.

Feb 03, 2017 07:57 PM
Rainmaker
1,045,741
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Every listing is a project with a unique set of circumstances. Some listings, you're pretty sure you can get it done in a few months; some might take a year or longer. It depends on average DOM, challenges specific to the property or the seller's circumstances and a host of other things.

Feb 03, 2017 07:06 PM
Rainmaker
706,402
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

It is a matter of negotiation between the seller and the agent. Most agents ask for at least 6 months.

Feb 03, 2017 04:20 PM
Rainmaker
5,095,661
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It's negotiated between broker and seller.

Feb 04, 2017 03:53 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

The agency can have policies but sometimes you have to negotiate and compromise with the seller or pass on the listing. I typically take a 4-6 month listing depending on the saleability of the listing.

Feb 03, 2017 07:41 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

It is a mutual agreement between the seller and the listing brokerage.

Feb 03, 2017 06:19 PM
Rainmaker
4,969,116
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

It depends on the state and your area..it is negotiable..I usually ask for a 90 day listing as our market moves quickly and is a seller's market. If it wee a buyers market I'd ask for a 6 month listing.

Feb 03, 2017 04:15 PM
Rainmaker
1,045,440
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

As with most things in real estate its negotiable I would not take a listing that didn't give me fair market time to get it sold however and that will vary

Feb 02, 2018 08:54 PM
Rainmaker
89,286
Walt Fish
Bay Area Home Inspection, LLC - Marquette, MI
Upper Michigan's Most Experienced Home Inspector

I enjoyed reading all your comments on this question. They were insightfull. Some years ago, I sold my rental properties. I listed them with the same agent I had used to buy them. All were sold within 3 months.  If I had timed it better and sold them 6 years later, just before the market started crashing, I would have made out better. But, hindsight is 20/20.

Feb 10, 2017 04:39 PM
Rainer
231,948
Eva B. Liland Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Glad to be of Service 661-714-1643

I try to get the seller to sign for 6 months but it all depends on several factors. One is your market for example. Average lenght right now is 3 months.

Feb 10, 2017 12:36 PM
Rainer
321,564
Melissa Jackson REALTOR
Trinity Premier Properties - Azle, TX
Helping You Make The Right Move

I usually list for 6 months.  That's about the normal in our area.

Feb 08, 2017 10:56 PM
Ambassador
1,445,419
Susan Emo
Sotheby's International Realty Canada - Brokerage - Kingston, ON
Kingston and the 1000 Islands Area

The high majority of my listings are for a minimum of 1 year with few exceptions.  I try to avoid "shoulds" as Michael Jacobs mentioned.

Feb 04, 2017 09:25 AM
Rainmaker
5,583,167
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

our listings are always 4 months minimally... if it's an atypical home, it would be 6 months....

Feb 04, 2017 07:53 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Mutual if you want the listing.

Feb 04, 2017 07:38 AM
Rainmaker
5,772,353
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

I think at Michael Jacobs has the answer.  Market conditions are a huge factor in decision making.  In luxury some of the listings are singed for 12 months or more.  A

Feb 04, 2017 07:35 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

HOMEiZ.COM HOMEiZGROUP The length of a listing is usually dependent on the current market. It is ultimately the seller's decision.

Feb 04, 2017 06:28 AM
Rainmaker
5,188,395
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The seller decides the length of time and the agent decides what will be done given that restriction!

Feb 04, 2017 06:14 AM
Rainmaker
1,712,551
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

This is no one size fits all answer.

Feb 04, 2017 05:57 AM
Rainmaker
7,783,905
Roy Kelley
Retired - Gaithersburg, MD

Follow the practices in your local market. The seller makes the final decision.

Feb 04, 2017 05:39 AM
Rainmaker
3,415,644
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

In the end the seller decides how long they want to or will list for. Most often i ask for 6 months and most often i can sell them in 6 days

Feb 04, 2017 05:27 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It's the sellers decision.  The time period should depend on the local market.

Feb 04, 2017 05:24 AM
Rainmaker
2,219,617
Anthony Acosta - ALLATLANTAcondos.com
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Debe Maxwell has your answer.

Feb 04, 2017 05:11 AM
Rainmaker
2,233,155
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Michael Jacobs is right. The only absolute is don't take over priced properties because you can't help the seller. Tie up resources of time and money and wait to be the second agent but tell them what the market value is and why and if they still want double or triple and start shouting about no wanting to give it away... you can not help them. Thank them, wish them luck and go work on listings that do lead to sales.

Feb 04, 2017 04:32 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

It's always the Seller's decision...

Feb 04, 2017 03:47 AM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

HOMEiZ.COM HOMEiZGROUP - usually the listing agent prefers the longest term (forever?) and the seller wants it only for a few days!

There is an industry standard compromise at 6 months in most cases.

Feb 03, 2017 11:25 PM
Ambassador
6,348,393
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

A mutual decision.  and every area will be different as to how long it will take to sell.

Feb 03, 2017 10:43 PM
Rainmaker
599,124
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

It's the seller's decision but I hope you are educating them on the pros and cons of length.

Feb 03, 2017 09:59 PM
Rainmaker
1,618,781
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

You have to negotiate it. I usually ask for 6 months and 12 month for a short sale. 

Feb 03, 2017 08:08 PM
Rainmaker
3,986,196
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Both to some degree.

Feb 03, 2017 07:35 PM
Rainmaker
4,847,654
Richard Weeks
Dallas, TX
REALTOR®, Broker

In our area 6 month listing are the average.

Feb 03, 2017 06:01 PM
Ambassador
2,408,261
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

It's up for negotiation, but ultimately, it's the seller's decision.

Feb 03, 2017 04:50 PM
Ambassador
5,030,483
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

It's negotiable and may vary from market to market. In our seller's market I look for 90 days, but in a slower market would ask for 6 months

Feb 03, 2017 04:25 PM
Rainmaker
4,272,199
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

It can negotiate either way.. depends on the listing...

Feb 03, 2017 04:12 PM
Rainmaker
142,796
Diana White-Pettis
Bennett Realty Solutions - Upper Marlboro, MD
GRI, CDPE, CNE, WHC Upper Marlboro Homes for Sale

This is the seller's decision since we work for them and the home belongs to them.

Feb 03, 2017 03:52 PM
Rainmaker
577,750
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

Our Board requires a minimum of 60 days to be posted on MLS, no requirement for Exclusive listing.  However, showings can be suspended, but I think it is entirely up to the Seller how long they want their home listed... It's their home..

Feb 03, 2017 03:46 PM
Rainer
408,804
John Duke
Staging By John - Burlington, NC
We stage your home to show it at its best!

I don't know about this aspect of real estate but you do have some answers hope they help

Feb 24, 2018 02:57 PM
Rainer
4,125
Meg Ross
Keller Williams Realty - Arlington, VA
Residential Real Estate Agent Specialist

In my area it really depends on the price point.  Homes over $1.2mill take longer.  Homes under that fly (if in good condition and staged).  One way I have learned to curb a seller's strategy to list the home too high and leave it sitting a for long time (which makes us unhappy and them unhappy with us) is to spell out in the listing agreement that after a certain time period (say 2 weeks if way too high), they agree to lower the price to x. And then spell out that another reduction is to occur at week x if still not sold. This sets their expectations and saves the angst (for them and you) of having that conversation later.  Just an idea!

Feb 22, 2017 01:59 PM
Rainmaker
290,919
Allie Angeloni
Long Realty - Oro Valley, AZ

In our case, our homes are Listed until they sell.  Many factors influence how quickly that might happen in our niche HOMEiZ.COM HOMEiZGROUP.  We work in an age-restricted community, and alot of our clients are or were snowbirds.  If a home is updated and has an awesome view, it will sell quickly.  If it needs alot of work because there is deferred maintenance, and it does not have a mountain view, it may sell over months, as opposed to over weeks.  We originally set the Listing Days, which can be renewed if both parties agree.  The Seller is always part of the discussions at that point. 

Feb 08, 2017 08:22 AM
Rainmaker
5,846,708
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

It is a negotiation between Seller and Listing agent.

Feb 07, 2017 12:36 PM
Rainmaker
1,497,568
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

My average is 1-2 weeks.  Oh, thought you were asking how long they're listed before they're sold.

In my market, if they're priced right we have such low inventory that they'll go inside of 2 weeks.

The length of the contract has no default mandated length, however each office may have their own guidelines.  Market conditions also dictate length too.

Feb 05, 2017 11:08 AM
Rainmaker
1,181,877
Peter Mohylsky, Beach Expert
PMI. Destin - Miramar Beach, FL
Call me at 850-517-7098

I don't list for less than. 6 months and shoot for a one year listing agreement.

Feb 05, 2017 04:36 AM
Ambassador
3,338,309
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Agents cannot - should not - act unilaterally.  Sellers must agree to the term of the listing agreement. 

Feb 04, 2017 10:18 AM
Rainmaker
986,552
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Unless I sell it within 30 days (which is always my goal and more often than not is ), it's up to the seller

Feb 04, 2017 10:17 AM
Rainmaker
4,894,546
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I want at least 3 months and if a seller wants less I may not take it.

 

Feb 04, 2017 09:39 AM
Rainmaker
897,138
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

It's a mutual decision, but as a listing agent I would not accept a listing shorter than 6 months. That decision is partly driven by the state of the market. During the recession, we were taking 1-year listings.

Feb 04, 2017 09:04 AM
Rainmaker
1,617,866
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

depends on local trends and if the listing is priced right --6 months

Feb 04, 2017 09:00 AM
Rainmaker
2,164,887
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

I take all mine for 120 days

Feb 04, 2017 06:39 AM
Rainmaker
921,404
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

It depends on the plan to which the seller subscribes.

For example, if the seller NEEDS to sell, and this is demonstrated by providing empowerment resources to the agent, a 30 day listing is all that is needed.

If its investor grade property, 7 days will do.

However, for the AGENT to benefit most, longer is better. As a result the agent possess a full dog and pony show explaining why they impose a minimal listing period. IT is ALWAYS the sellers decision and the seller should be willing the tell the ivory tower agents, "Don't let the door hit you on the way out!"

Feb 04, 2017 06:14 AM
Rainmaker
1,236,920
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

?

Feb 03, 2017 08:49 PM