Selling Property

When you are interested in selling your property, Please contact Yearwood Properties. When selling, you should make sure that a "Listing Agreement" is signed and witnessed by both seller and Broker. This is an agreement only with the seller and Broker. "Offer To Purchase" Agreements are between seller and buyer with normally (not necessary) broker as witness.

Exclusive Listings: Is when "only" the listing agent has authority to market and sell the property. Obviously, this encourages the agent to work harder to sell this particular listing. Some sellers don't want to deal with more than one Broker. Normally the commission is split 50-50 with the buyers agent. Normal commission for Yearwood Properties is 8% - 10%. 6% to 7% on properties over $1M US.

Non-Exclusive Listing: Is when the seller still signs a listing agreement with agent but also does the same with other agents. It is basically a "first sell gets the commission". The downside to this is only that the seller must deal with a few to several agents concerning the property. 

Usually in Belize real estate, an interested buyer must deposit 10% into escrow account and close within 30 days or less.