Which sales mandate should I choose?
Selling a property can be a complex and tedious process for property owners. If you have decided to sell your property, it is important to choose the right type of sales mandate to work with a real estate agency. Sales mandates are contracts that allow a real estate agency to sell your property. In this article, we will look at the different types of sales mandates available for selling your property and help you choose the one that best suits your needs.
What are the different types of sales mandates that an estate agency in France offers?
A real estate agency will always offer the seller a variety of sales mandates before listing your property on the real estate market:
- Simple mandate
- Exclusive mandate
- Semi-exclusive mandate
First, the seller(s) must sign a contract in due form. The rights and obligations of each party to the transaction are defined in writing by the execution of the contract (sales mandate).
The seller will always select the type of sales mandate that best suits his situation.
The simple mandate
The simple mandate is the most common type of sales mandate. In this case, you authorize a real estate agency to sell your property, but you also have the right to sell it yourself. This means that you can work with several real estate agencies at the same time, which can increase your chances of selling your property. This can be a good option if you are in a hurry to sell your property, as several real estate agencies will work simultaneously to find potential buyers.
However, the simple mandate can also be risky, as it can lead to competition between different real estate agencies to sell your property. This can result in a lower sale price for your property, as the real estate agencies all want to sell your property. In addition, it can be difficult to keep track of the efforts of each real estate agency to sell your property.
The exclusive mandate
The exclusive mandate is like the simple mandate, but you authorize only one real estate agency to sell your property. This means that you cannot work with other real estate agencies at the same time. The exclusive mandate often comes with a commitment from the real estate agency to devote significant resources to the sale of your property. In general, this type of sales mandate is more effective than the simple mandate in selling your property.
The semi-exclusive mandate
The semi-exclusive mandate is a contract that allows you to work with only one real estate agency to sell your property and you also have the right to sell your property yourself. This type of sales mandate often comes with a commitment on the part of the real estate agency to devote significant resources to the sale of your property. The semi-exclusive mandate is a good option if you want to sell your property yourself and you also want the services of a real estate agency to find potential buyers.
Conclusion:
When selling real estate, the most used sales mandates are the semi-exclusive and exclusive mandates. These types of sales mandates commit the owner to work exclusively with a real estate agency to sell their property. In return, the real estate agency puts in place an effective sales strategy to find a buyer for the property as well as "partnerships" with half the commission for you or another agency that would bring the buyer. This also includes the implementation of a marketing strategy to attract a maximum of potential buyers: the realization of virtual visits, HDR photos, videos, plan of the property for sale, the posting of "For Sale" signs with the agency's coordinates on the property, the guaranteed posting of a poster in the window, the publication of the ad on social networks etc.
It is important to note that the choice of the sales mandate depends on the needs and preferences of the owner. If the owner wishes to work with several real estate agencies, he can opt for a simple mandate. If the owner wishes to sell his property himself while benefiting from the services of a real estate agency, he can opt for a semi-exclusive mandate.
Ultimately, the choice of a sales mandate depends on the goals and preferences of the owner. It is important to contact a professional real estate agency to determine the most appropriate sales mandate to successfully sell your property. Each type of sales mandate has its advantages and it is important to choose the one that best suits your needs.
If you have any doubts about the type of sales mandate to choose, we invite you to contact our professional real estate agencies for advice.
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