| This
page on Sole and Exclusive Mandates deals with
the simple benefits and disadvantages from the
sellers perspective and is merely to give you an
understanding of the process.........As
a Property Seller we are faced with the
challenge of choosing the "Right Agency or Agent"
to market and sell our property in shortest
possible time at the Right Price. Selling your
property takes time and it is always best to
interview a few agents before making a decision on
the "right" agency. Never disclose to an agent
that you are interviewing other agents. Ask the
agent to give you a written valuation, this way
you can compare the target price set by the agents
you have interviewed. |
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So what are the
advantages of a Sole and Exclusive Mandate?
1. The agent/agency
will spend money to market the your property as
they have security via the mandate.
2. You are assured
of a structured approach in the marketing and
viewing of your property
3. The agent is
confident in their dealings and negotiations.
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What
are the disadvantages?
1. Make sure the
agent is resourced, financially and in ability.
2. Do not give too
long a mandate period to the agent or agency.
3. If you have
chosen wrongly you are tied in for the duration
of the mandate, so choose your Agent very
carefully.
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