Need to know about the ins and outs of a property mandate if you have plans to sell property in Randburg?
The most popular property mandates to consider are
The most common property mandates include:
The sole mandate
A sole property mandate allows you as the seller to sell your property. I have so many examples to share about why a sole mandate is always my preferred property mandate solution. Click here and I will share more info with you about a Sole Mandate being the best property mandate when you sell in Randburg, and why.
The sole and exclusive property mandate
You get a Sole and Exclusive Mandate where you waive your rights to sell your own property. This also means you give one estate agent permission to market and sell your property.
The dual mandate
Then you get a Joint Property Mandate which allows 2 agents to market and sell your property. These agents should always work independently for your good. This property mandate gives you the best of both agents in your local area. I also love the dual property mandate. Gets you the best result across 2 prominent estate agents in your area.
The open mandate
An Open Property Mandate allows more than 2 estate agents to market and sell your property. This is by far my least preferred option. Often the pavement is crowded and honestly buyers do look at the same pictures, similar descriptions and more. Nothing stands out and it more often than not spells trouble.
What is included in a property mandate
Very simply, a property mandate is a contract. In order for your mandate to be valid and effective there are 5 things that should be covered for your protection and our as estate agents in Randburg.
- The property address,
- The Parties, meaning who the registered property owner(s) is or are.
- The Price at which your property will be marketed.
- Also, the Period over which the mandate will be in force.
- And the Professional fee or commission that your estate agent will charge for selling your property. Sell with Sandy will work on 5% on a Sole Mandate. Click here to book your property valuation in Randburg.
What’s important with a mandate
A mandate should always be signed by both parties who legally own the property. Initials on all pages are essential. Also, the seller declaration or property condition report is now a legal requirement when you sell a property. This short document should also be signed by all registered owners. The Property Condition report will be submitted with your Offer to Purchase or OTP which is signed first by the buyer and then by you as the seller(s).
Choose the right property mandate when you sell in Randburg
KW Select powers my real estate agent business in Randburg with advanced technology solutions to support a successful residential property sale. Keller Williams is the largest real estate franchise in the world. Whether you are buying a property in Randburg, or Selling a property in Randburg we can and will assist. Get all the latest residential property trends in Randburg. Accurate pricing is key. We also cover all the different property mandates. We know what it will cost you to sell a property in Randburg. We also know the costs you will need to consider when buying a property in Randburg. Get an accurate and market-related property valuation for your property and let’s make sure we sell it in under 85 days according to the FNB Property Barometer from June 2023. Call 083 550 1220 for all your residential real estate needs.