Sole Mandate vs Open Mandate
Category News
Low interest rates have increased the number of first-time buyers in the market. We have also seen more sales happening, property owners either upscaling, downscaling or relocating.
The big question Sole vs Open Mandate ??
A sole mandate is an exclusive contract that stipulates a specific timeframe during which a seller may not appoint another agent to market their property.
Giving an agent an open sole mandate, on the other hand, means that there will be multiple agents, from a variety of agencies, who will be marketing and trying to sell the property."
The trouble is that many sellers falsely believe that if they let multiple agencies market their home, they will increase their reach to potential buyers which will enable them to sell quicker. "The truth is that it is often far more effective to sign a sole mandate and allow one agent the space to secure the best sale."
Working with a reputable agent / Agency is the best way to simplify the selling process. A real estate professional's guidance can end up saving seller's money, time, and stress. But, when sellers work with multiple agents, it can become difficult to know whose advice to follow. Working with one agent can streamline the process and provide support on which the seller can rely.
Benefits of a Sole Mandate:
- Faster Sales
- Higher Selling Price
- Dedicated Service
- Greater Marketing Spend on Website, featured listings, video's and Social Media
- Prevent a quick unrealistic or low offers
- Viewing times are better managed
- More security and Privacy
- No chance of double commission
- One agent with control over the Marketing process
- Continuous and up to date Feedback and Communication
- No over exposure of your Home
- Spend up to 80% of Marketing Budget on Mandates
- Lifestyle Property Group Service Guarantee
It's A Lifestyle...
Author: Frans Van Staden
