Home Listings What Details Should Be On a Real Estate Listing?

What Details Should Be On a Real Estate Listing?

What Details Should Be On a Real Estate Listing?

Selling a possible home to a potential buyer involves a lot of details. Therefore, real estate agents have to make sure that they put all the essential details on the property listing to make the buyer informed and interested.

A property listing contains all the essential information about the house such as the property details, its features, and the current selling price. This information is crucial for the buyer to make informed decisions about the property. This article aims to provide insights on what details should be on a real estate listing and their importance.

General Property Information

The first detail that should be on a real estate listing is general property information. This information is meant to provide a brief summary of the house. It includes the name of the street and the address of the property.

Besides, it also includes the number of bedrooms and bathrooms in the house. If the house has a backyard or front porch, it’s worth mentioning in the general information.

Additionally, it’s vital to include the year when the house was built, the size of the lot, and the square footage of the house. This information is crucial in helping the buyer know what they are paying for, and it helps them determine if the property meets their needs.

Property Features

The next detail that should be on a real estate listing is a list of property features. Property features are elements in a house that make it unique and stand out from others. These features can include things like a swimming pool, a fireplace, or a balcony. It’s important to mention these features as they can be a deciding factor for many buyers.

Apart from the property features, it’s important to indicate the condition of the house. Indicating the condition can help potential buyers know if the house requires any repairs or renovations. This information may help buyers factor the repair costs when making their purchase decision.

Property Price

The property price is another essential detail that should be on a real estate listing. The listing should indicate the asking price and if there is any room for negotiation. Potential buyers can compare the price of the house with other similar properties in the area to determine if the price is reasonable or not.

It’s also important to indicate if there are any additional costs such as homeowner association fees or utility bills attached to the house. This information helps buyers understand the true cost of owning the property.

Real Estate Agent Contact Information

Another crucial detail that should be on a real estate listing is the agent’s contact information. The contact information should include the phone number, email, and website of the agent. This information makes it easy for potential buyers to reach out to the agent and enquire about the property. Additionally, real estate agents can use this information to track leads and follow up on potential buyers.

Furthermore, the real estate agents should include the times they are available for showings and any other relevant information that the buyer should have. This information helps the buyer schedule a visit at a convenient time.

Location and Neighborhood Information

The location and neighborhood of the house are also crucial details that should be on a real estate listing. This information helps potential buyers determine if the property is in a desirable location.

The listing should provide detailed information about the neighborhood, such as schools, nearby shopping centers, hospitals, and parks. It should also include information about the crime rate in the area, transportation options, and any other activities available in the area.

Furthermore, the listing should also have a map indicating the location of the property and the surrounding area. This map helps buyers get a feel for the area and determine if it’s the right place for them.

Recent Upgrades and Renovations

If the house has undergone any recent upgrades or renovations, it’s necessary to mention these details in the listing. This information helps potential buyers know that they are purchasing a property that is in good condition.

If the property has undergone major renovations such as a new roof or a new kitchen, this information can increase the property value. Therefore, it’s essential to include these details in the listing.

Property Photos and Videos

A picture is worth a thousand words. Therefore, it’s essential to include high-quality photos and videos of the property in the listing. The photos and videos should show all the essential features of the house, such as the interior, exterior, and the surrounding environment.

The photos and videos should be taken by a professional photographer and should be of good quality. These visuals help buyers get a feel of what the property looks like, and they can determine if they would like to visit the property in person.

Final Thoughts

In conclusion, a real estate listing should contain all the necessary details that a potential buyer needs to know. These details include general property information, property features, property price, real estate agent contact information, location and neighborhood information, recent upgrades and renovations, and property photos and videos.

Having these details on the property listing can make a significant difference in attracting potential buyers and increasing the chances of making a sale. Therefore, it’s essential to have a comprehensive and informative listing that provides all the necessary details about the property.


 

Price and Terms of Sale:

In most situations, the pricing of a property is determined by the input of three people or groups, the appraiser, the real estate agent (if their is one), and the seller.

The appraiser is usually commissioned before a property goes on the market to determine the fair market value of the property, which typically determines the baseline for the price that the property will be sold at.

Depending on the property, there are other forms of appraisal as well; in commercial property, there are special appraisals called income capitalization appraisals, which generally determine not only the worth of the property, but also its potential to generate income over an extended period of time.

Multiple Listing Service:

A multiple listing service does not necessarily mean the same as a multiple agency listing (which rarely ever happen in the real estate industry due to the potential for a conflict of interest and the encouragement of unethical, competitive behavior between multiple agents or agencies).

Multiple listing service is essentially as the name implies,  a service that either allows listings from multiple sources or takes a listing from an owner (selling their property without representation) or an agency and places it under multiple listings.

While they have always been around in some form, most commonly for apartment rentals or sales, the number of potential multiple listing services have exploded in the last ten years with the rise in prominence of the Internet in the real estate landscape.

Agency and Salesperson:

Most real estate agents or realtors, unless they specialize in high end real estate, rarely operate on their own, and can generally be found to be part of a larger organization, or real estate agency.  The simple reason for this is financial.  Most agents generally only make a few sales or purchases per year, and receive only a few thousand dollars on each sale after expenditures (not to mention taxes).

While in a very good year this could provide enough to live on, rarely does it provide enough for an individual agent to form the infrastructure and resources necessary to sustain a business (such as an office, or an assistant) Therefore, most agents find it economically feasible to be part of a larger agency, where they share part of their commission goes with the agency for maintenance of office space and other services, not to mention, ideally, profit.