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Estate agents are notorious for bamboozling property buyers and sellers with convoluted jargon and intricate sales tactics. A rookie buyer or seller can be easy pickings in this competitive industry. Understandably, in their defence agents are often surviving in a dog-eat-dog industry and are passed on legacy tactics to survive this challenging career.
The first step for any seller is selecting a property professional to market and sell your home. This decision involves entrusting them with your property sale, relying on their expertise to provide honest feedback, evaluations, and guidance to secure your home's best market value. Often skilled in their craft, estate agents sometimes overwhelm sellers with complex terminology and varied sales strategies. And usually; this early in the game, it is all about the mandate. Mandates mean money.
However, it can quickly evolve into a nightmare bunfight, too. In a multi-listing scenario, multiple agents may aggressively pursue the same buyer, potentially leading to confusion or disputes over who introduced the client first or is entitled to the commission. Without clear agreements and communication, this can result in conflicts and turmoil among sellers, agents, and buyers.Choosing between mandate options depends on your priorities.
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