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Before you make the mistake of allowing every Tom, Dick and Harry out there the opportunity of selling your property in Llandudno, Cape Town, take a long hard look at the benefits attached to a sole mandate. It is effectively a legal and binding business agreement that protects both parties – the seller and the agent. Your property is more than likely the most valuable asset you own, and in order to realise its full potential when selling it, it is wise to seek out the services of a sole agent purely because they will have the added time, drive and incentive to find the best possible deal for you. Opulent advertising budget Most reputable real estate agents recognise the potential of a sole mandate and consequently allocate a much bigger advertising budget to the sale of your home. Apart from the usual ‘For Sale’ signs outside your property and the advertisements in the both the local press and dedicated websites, an exclusive brochure showcasing your property is generally also part of the sole mandate deal. More commitment from both parties The other big plus for the prospective seller is that, once the sole mandate agreement has been signed by both parties, the estate agent will recognise the commitment by the seller and be more inclined to give outstanding professional service, coupled with all-important accountability. The old adage ‘too many cooks spoil the broth’ clearly applies in the case of property sales, so with a single agent overseeing the marketability of your home you can be guaranteed of regular activity reports, detailed feedback on all prospective buyers and on the finer points of any negotiations on the table. Less disruption In this day and age, the security of both ourselves and our personal belongings is worth serious consideration and with a sole mandate the seller can rest assured that all prospective clients have been properly screened and monitored before being allowed access to your home. This has the added advantage of less intrusion into your life and personal space. You will also have the added advantage of better protection of your finances and personal circumstances should you opt for only one realtor dealing with the sale of your property in Llandudno or Hout Bay. Another unpleasant side effect of having multiple real estate agents dealing with your sale is the very real possibility of a double commission claim and this is the last thing you, as the seller, will want to deal with! In a nutshell then, the benefits of a sole mandate far outweigh any disadvantages and it will probably be the smartest move you will ever make when you sell your property in Llandudno. Eight rapid reasons why a sole mandate is the way to go: - More effort and resources will go into the sale of your home
- Statistics prove that you will get a better price with only a single realtor
- A sole mandate traditionally has a far higher advertising budget
- No quick sale to eliminate the competition, ensuring the best price is found for your house
- No overexposure of your property
- Effective control of the marketing price
- More efficient monitoring and control of prospective buyers
- Better and more frequent feedback
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