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Open Mandates
"Open" does not mean "good"
My mother always insists that, if she ever sells house again, she’ll only grant an open mandate.
No matter what I tell her about the dangers of open mandates, she won’t budge in her determination. And there are many home owners out there who feel the same. So, I wouldn’t be surprised if this article on open mandates don’t convince you either.
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Mandates
Mandates have nothing to-do with men... or dating
A mandate is not an every-day concept to many people. In fact, one of the subjects that seem to baffle most uninformed sellers, is the mandate they have with their real estate agent.
We have encountered many different ideas of what a mandate is, and we would like to give some clarity through this discussion.
We’ll tell you exactly what a property mandate is in this article, but as it won’t be much fun, I thought I’d kick off the proceedings with a bit of humour: Here’s a clue for the clueless: Mandates have nothing to-do with men dating, although there might be a small amount of hand-holding involved. Tuck into Mandates »
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How to negotiate commission
Commission negotiations can be brutal
The agent’s fee is something everybody (except for the real estate agent) loves to hate. Unless the real estate agent performs a service far beyond the norm, I doubt you could find any buyer or seller who’d wish to pay his/her real estate agent MORE commission than is absolutely necessary.
Informed buyers and sellers know that real estate agency commissions are negotiable, but few people know HOW to negotiate a better agent’s fee. In this article, I discuss how to negotiate real estate agents’ commissions. It gets a bit detailed, but the devil’s in the detail, as grandad used to say! The full How to negotiate commission »
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Buyer Qualify
Buyer Qualification is of great importance to buyers, sellers and real estate agents alike. The buyer qualification process will remove the uncertainty for all the parties involved in a house sale.
The buyer needs to know how much he can spend and knock out a clear idea of what he is looking for. The seller needs to know that the sale won’t fall through and effectively take his house out of the market for a period of time. The real estate agent needs to be sure that the buyer and seller is a probable fit where the property is concerned, because he only gets paid when the property finally gets transferred. Uncover the rest of Buyer Qualify »
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Where Buyers Come From
It is no secret where buyers come from. Marketing is the key to finding that one buyer waiting to buy a specific propery.
Marketing is not a sinonym for advertising, although advertising plays an important part in the successful marketing of a property. Get the rest of Where Buyers Come From »
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