The Advantages of Signing a Sole VS Open Mandate

The idea of an open mandate might give you a feeling of having more control over the sale of your property. However this decision can quickly complicate the sale with various agents flashing huge figures and promises.  Although tempting, this often results in delaying the sale or overpricing your property. We recommend a relationship with one estate agent to guarantee your success. 

Advantages of a Sole Mandate

  • You will get a better price by employing a sole real estate agent
  • They put more money and energy into marketing your property
  • Avoids double commission claims
  • Affords the seller more privacy and security
  • Too many agents can cheapen the property
  • Only one for sale sign board outside your property

Disadvantages of an Open Mandate

  • Less time is spent on marketing the property for sale
  • Higher security risk
  • More disruption of sellers privacy
  • Various sale boards, creating an impression of a desperate seller
  • Bargaining down of price by a buyer dealing with different agents
  • Duplication of buyers and double commission claims

List Your Property With Us

Kindly note that Etchells & Young are complying with the Presidents instruction for the National Lockdown starting from midnight on the 26th of March 2020. Although we will not be able to do viewings at any property, we have implemented plans to work remotely during this time. If you are able to email photos and a description of your property to the designated agent we will be able to list your property as per normal. Our agents will take calls and emails from prospective tenants and arrange for viewings after the lockdown has ended.

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