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Property Valuation
Exclusive Sole Mandates vs Open Mandates
by Heleen Hamann •
2 MIN • 298 Words
Exclusive Sole Mandate vs Open Mandate in South Africa
When selling a property in South Africa, you'll decide how many real estate agencies can market it. Here's the breakdown of the two main options:
Exclusive Sole Mandate
:
You grant one agency (Kimberley Real Estate could be this agency!) the exclusive right to sell your property for a set period.expand_more This means only they can advertise and show your property to potential buyers.expand_more
Open Mandate
:
Multiple agencies can market your property simultaneously. This can seem appealing for wider exposure, but it has drawbacks (explained below).
Here's more information regarding different mandates:
Exclusive Sole Mandate
Open Mandate
One Agency
Concentrates on your property
Can develop a targeted strategy for your property
Deal with one agent for updates and showings
Commission is negotiable, but can be competitive
Open Mandate
Multiple Agencies
May juggle multiple listings
Marketing efforts might be
divided
Manage communication with multiple agents
Commission may be higher due to competition between agencies
Why Choose Kimberley Real Estate (Consider mentioning these if they apply to the agency):
Local Expertise: If Kimberley Real Estate focuses on the Kimberley area, they'll have in-depth knowledge of the local market, recent sales data, and potential buyers.
Strong Reputation:
Research Kimberley Real Estate's online reviews and track record. A trusted agency will inspire confidence and attract serious buyers.
Marketing Strategies:
Do they use innovative marketing techniques to showcase properties? Virtual tours, high-quality photography, and social media reach can make a big difference.
Communication Style
: During your discussions, consider their responsiveness, professionalism, and how well they explain the selling process.
Choosing the right real estate agency is crucial. By understanding sole mandate vs open mandate and considering
Kimberley Real Estate's
strengths, you can make an informed decision to get the best outcome for your property sale.
Different Mandates
Sell your home fast
• S H A R E •