To the question “multiple or sole estate assignment?”, the answer is simple. How early do I want to sell my property, ensuring confidentiality and security without wasting time and at what price? By answering these three, then you have made the right decision.
However, there are some distinct advantages to entrusting the property exclusively to an experienced realtor, especially when he or she is knowledgeable about the area in which the property is located.
What does exclusive assignment of property mandate mean?
An exclusive mandate to sell or rent a property means entrusting it to a company (a real estate agency), with its partners and, by extension, signing a contract to comply with all the agreements and absolute authorization.
This is essentially an agreement made between the home owner and the real estate agency to find clients interested in buying their property. It guarantees confidence in the progress of the process and, by extension, relief from all anxiety for sellers and buyers.
Exclusivity has heaps of benefits, however it also has a unique downside. If you have assigned an exclusive mandate to the wrong real estate agency, then you remain bound for the entire duration of the contract, losing time, money and unfairly creating a “headache”, as well as reducing the “prestige” of your property due to a possible bad reputation of the relevant company and the broker..
When there is an agreement for exclusive assignment, it means that only one real estate agency deals with the promotion of the property and primarily the agency in question ensures confidentiality and security for the owner.
The office will invest in your property and will take care to inform the appropriate persons and clients of the immediate availability of the property, in the best interest of their client. The purpose is to find the ideal buyer for the property and not simply to sell the property.
Advantages of Sole Proprietorship
Most clients who choose the exclusive assignment to the offices of “G&P LAZAROU ESTATE AGENTS” do so for reasons of trust, security and efficiency and because they look forward to the significant advantages they will have, due to the increased clientele the company has as well as among others and the following:
Enhanced Promotion
The broker with an exclusive mandate has the exclusive opportunity to market the property. This means that the broker will be fully focused on selling or renting your property, increasing the chances of a successful transaction.
Specialized Promotion
The broker can focus on the right buying groups and adjust his efforts to reach the right audience.
Better prices
Exclusivity gives the broker the ability to manage the cost of selling or renting with an emphasis on the best prices for the client.
More Effective Management
Since the broker has full control of the process, he can better manage the timing and details of the transaction.
Increased Visibility
With the exclusive mandate, the broker can promote the property on various platforms and media, increasing its visibility in the market.
Saving Time and Effort
The seller does not have to deal with managing multiple brokerages, making the process more efficient and less disruptive.
Each of these advantages combine to create a more efficient and successful property sale or rental process.
ANNA-MARIA EFTYCHIOU
Director of PR & Communication
G&P LAZAROU Estate Agents
[email protected]
