When it comes to thinking about selling your property, there are several options you have at your disposal. The first is to try to do it on your own, which may not be the best option. Then there is the possibility of hiring a trusted real estate agent or several of them to compete. However, they are not the ones with the most advantages either. What about selling a multi-exclusive property? What benefits can it bring you? What are the most circulating myths about it and why are they wrong? In this article we answer all these questions and explain why you should sell your flat with Oi Realtor.
Selling a multi-exclusive property may be the ideal choice for you. Delegating the work to a trusted real estate agent who deals with the dissemination and management to find the ideal buyer implies peace of mind. This can be achieved by hiring an agency to do this job, but it can mean a longer wait if that agency does not have enough clients in its portfolio. When choosing a multi-exclusive sale, it will not only be your agent who will be in charge of the management. There will also be other agencies and professionals with more clients who will collaborate.
Below we show you in detail what it is like to sell a multi-exclusive property through an MLS (Multiple Listing Service) and what advantages it has over other types of real estate services. Also what myths and misconceptions circulate about this modality, compared to what really happens when it comes to choosing it. Finally, we will explain why you should sell your flat with Sky marketing. Keep reading to find out!
Differences between selling a property on your own, exclusively and multi-exclusive
If you have already made the decision and are thinking of selling your property Valley of the Kingdom, you should know that you have several options to achieve this. Let’s see what they are:
On your own: there is always the possibility of personally taking care of the dissemination and management of the properties for sale. However, this can cause several headaches. On the one hand, it will require more effort and time. On the other hand, if you have little experience or knowledge in the field, the process can become more cumbersome and even inconveniences can arise.
Exclusively with one or more real estate agents: leaving everything in the hands of a professional will mean greater comfort and a greater probability that the sale of the property will end. In this sense, there is the possibility of signing the exclusive with a single real estate agency. One downside to this option is that surely this entity does not have a large portfolio of customers and therefore the sales process becomes longer. You can also sign with several agencies, but most likely none of them want to put all their effort into selling your property for fear of not being the one to finally get it.
In multi-exclusive: there is a third possibility, which will allow you to leave the management in the hands of professionals. The difference with the previous option is that it will be several agencies and several agents who will be in charge of selling your property, without having to compete with each other and therefore without fear of investing more and finally not being the only one. . who ends up specifying the transaction.
Below we will explain everything you need to know about this third option, that of selling your property on a multi-exclusive basis.
What does it mean to sell a multi-exclusive property?
The multi-exclusive or shared exclusive is a system of collaboration between different agencies and real estate agents belonging to the same area or area of work. In general, they initially adhere to a particular area or neighborhood within large cities and share information about properties that were captured exclusively among themselves.
In this way, when an owner wants to sell his property, he has at his disposal the commercial force of the best real estate agencies and agents in the area. If you grant them this exclusivity, they will work to achieve the marketing of the home, offering it to previously qualified buyers, as well as other people who have an interest in acquiring a property of this nature in the area.
It should be clarified that when deciding to sell your property in multi-exclusive Such as New city of Islamabad, the owner deals with a single agency, which is the catcher. It will share all the information on the property with the other collaborating agencies of the MLS (Multiple Listing Service or Multiple Listing Service) so that they have it in their product portfolio.
What other tasks does the capture agency take on when selling a multi-exclusive property?
In addition to sharing the necessary data with other agencies and agents, the agency will also be responsible for representing the client when negotiating with other entities, which will be the representatives of potential buyers. Thus, the owner will have the assurance that his agent will be in charge of defending his interests. Which ones in particular? Mainly, that the property is sold at the highest price and in the shortest possible time. This is not the case when choosing a mode of sale in which the agent mediates between the owner customer and a buyer customer.
What is an MLS (Multiple List Service)?
MLS (Multiple Listing Service) is precisely what these groups of agencies and real estate agents who cooperate with each other to be able to market properties that they captured exclusively are called.
What are the advantages of choosing an MLS to sell a multi-exclusive property?
Many professionals try to sell your home at the same time
By hiring an agent who is part of one of these groups, do not choose a single agency to manage the promotion and sale of your property, but several will be in charge at once.
No doubt you will get the widest possible spread. The more agencies and agents get involved in trying to sell your property, the more opportunities there will be for that to happen, as they will all be offering it to all of their clients.
A single interlocutor
Even if there are a lot of people working to sell your property, you will only need to communicate with a single interlocutor, i.e. the agent who captured the exclusive. He will be the one to give you the accounts of the management carried out by the whole group. This way, you will save time wasted.
Greater transparency in information
All the information about your property, such as its price or its characteristics, will be the same for all the agents and agencies that make up the MLS. Obviously, you will gain transparency, as there will be no publications with different prices or dimensions that make the buyer suspicious. It will always be your trusted agent who will guide you and guide you through all the steps to follow to complete the sale.
You will get the commitment of your agent, who will be willing to share his fees and will do his best to sell your property. Also, on behalf of all the agencies and professionals involved. It will be a service of mutual commitment.
Along the same lines, you will have access to a contract that will guarantee the management commitment of all these agencies and agents participating in the agreement.
Your agent will pre-filter all requested visits to your property. This way, you will avoid unnecessary visits and waste of time.
The best online publications
Finally, if you sell your property on a multi-exclusive basis, the publication on the different real estate portals will be as detailed as possible, which is not the case with real estate companies that work without this type. These tend to “hide” the house by showing only interior images in order to deceive other real estate agents and the buyer himself, just so that it does not happen directly without first going through the agency. What happens is that in many portals properties with exact addresses are published in the top positions giving more visibility than the rest.
Myths and facts about the sale of a multi-exclusive property
We have already explained all the advantages that choosing to sell your property on a multi-exclusive basis can offer you. However, it is an option on which many myths and misconceptions circulate. Here’s what they are and what really happens when you decide on this type of service:
Myth # 1
“I prefer multiple agencies to manage the sale of my home, so I have more options.”
Fact: By choosing this option, it is most likely that none of the contracted real estate companies will commit or do enough work on the exclusive property. Because? When other entities are involved, they will be demotivated, as they may invest a lot of time, money and effort in not finally being the ones to sell the property.
Myth # 2
“I’d rather have several real estate companies compete, so they don’t fall asleep and sell my house faster.”
Reality: There is no doubt that, in the real estate sector, collaborating is more profitable than competing. We all win with the collaboration that involves a multi-exclusive sale. The first beneficiary will be you as the owner, as your agent will share the property with colleagues, which will make it easier to find the ideal buyer quickly and efficiently.
Myth # 3
“If I choose the multi-exclusive I won’t be able to sell the house on my own if the opportunity arises.”
Reality: All agencies working in multi-exclusivity already have buyers in their portfolio. Therefore, it is more likely that your agent will find the ideal buyer or that one of his collaborators will find him before you. In fact, many private buyers cannot secure their mortgage and therefore several purchases are frustrating. This can also mean that the property ends up being sold at a much lower price. For this reason, having a trusted real estate agent who can advise the buyer in granting your mortgage will undoubtedly increase the chances that the sale will take place.
Myth # 4
“If I sign a multi-exclusive I marry an agency and end up with my hands tied.”
Reality: In reality, when a real estate agent captures the multi-exclusivity of a property, she must assume a great responsibility, as her commitment to this client is greater than to others. This way, you will surely invest all your effort, your financial resources and your time in the sale of that property, because if you do not succeed, you will have to face great losses.
As you may have seen, these myths, prejudices, and beliefs that often circulate about the sale of a multi-exclusive property are exaggerated or erroneous. Without a doubt, choosing this type of service would mean for you:
- Sell your property in less time and at a better price.
- Deal with a single agent as long as there are more people in charge of finding the ideal buyer for your home.
- Get a higher level of commitment from real estate agencies that have captured your exclusive.
It should be mentioned here that it is important to feel comfortable with the signed contract, so it is advised that it is short-lived but never less than six months. In this way, you will give your agent the opportunity to do his job with the necessary peace of mind. If your service is unsatisfactory, you can change consultants after this period.
In case you have not yet decided, we will explain why you should sell your property with Oi Realtor and what advantages we can offer you:
Why sell your property with Oi Realtor?
If you are thinking of selling your property, a Sky Marketing we can offer you the best of services! You do not have to worry about anything, we take care of all the necessary procedures to sell your home quickly and at the best price.