Why Sole Mandates Lead to Successful Sales
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There are many home sellers who will shy away from signing a sole mandate believing that it might reduce their chances of selling their homes at the highest price in the shortest time. However, the advantages to signing a sole mandate vastly outweigh the advantages to open mandates or selling your home without the skills of a dedicated estate agent.
Here are five advantages to signing a sole mandate and ensuring your home is in the best capable hands.
1. Best Possible Marketing
It may seem that many agents would be beneficial in this regard as this strategy would provide more marketing on the home and reach a larger buyer group. However, the more agents competing for the sale of a home, the less time and resources they tend to use in marketing the home and they may rely on other agents marketing to spread the word.
2. Agent Accountability
When agents sign a sole mandate for a home, they become completely accountable for the sale of the home including the time it takes to sell the home and at what price the home sells for. Signing the sole mandate with a seller makes the estate agent liable for marketing, transfer process, and ensuring the home is sold for the right price.
3. Privacy and Neatness
Signing a sole mandate with an agent helps to ensure the privacy, neatness, and security of your home while the right buyer is found. The home will only be viewed by serious potential buyers and escorted by an individual trusted agent instead of endless foot traffic from multiple agents and viewers. Your property will also be easier to sell as there won’t be multiple agents boards cluttering up your curb which is often viewed as the house is problematic.
4. Price Control
A sole mandate guarantees that your home will be sold at the highest price in the shortest possible time. Estate agents make their living on the commission of the sale, this means that your home could sell for below its value as the agents battle for who sells the house the quickest and not necessarily at the highest price.
5. No Fights for Commission
With multiple agents working on the sale of a property, the problem of who deserves the commission has a high chance of being a problem for the sellers. While one agent may have been present for the signing of the deal with the buyer, another may have been at the show day with the buyer, and the buyers may have learned about the property from a third agents advertising.
If you’re looking to put your property on the market, signing a sole mandate provides the best solution for sellers, buyers, and agents alike. If you’re on a mission to pay zero commission on the sale of your property, enter our 0% commission competition and stand a chance to sell your home with the exceptional skills of our agents without paying commission.
Enter our competition here: http://ow.ly/5ztN30lquPy
Find a property specialist in your area here: http://ow.ly/wjPc30lquRE
Author: Lillian Rencken
