06/09/2022
The Requirements And Benefits Of A Sole Mandate
One of the main benefits the sole mandate system is that it forces agents to put all their focus on a few properties, instead of running around, desperately trying to get more and more properties to sell and market. Other benefits include:
* The seller could get a better price for their property when employing a sole mandate agent
* The agent will put more energy, effort and money into the marketing of your property
* By employing a sole mandate agent, the seller can avoid double commission claims, thus saving him/her money
* The seller will have more privacy and security, as there won’t be a potential buyer walking through the door
* When too many agents are marketing the same property, it could lower the property value
* Only one “For Sale” sign will be placed outside your property, which means that potential buyers should contact only one agent or agency
Read full article here: https://www.o-yesproperties.co.za/news/advice/the-requirements-and-benefits-of-a-sole-mandate-27-07-22
When homeowners decide to sell their property and have chosen an estate agent/agency to market their property, they will be asked to sign a sole mandate with the said estate agent/agency. A sole mandate is given to only one agency and no other. This is different from an open mandate, which means tha...