Engel & Völkers Licence Partner Malta Regional Market Center > Blog > To Be or Not to Be Exclusive

To Be or Not to Be Exclusive

                                                           by Thomas Hodges


The biggest fear when selling your home is - should I be exclusively tied up with one agency?

Many Sellers are in the belief that the more agents there are listing the property the more Buyers there will be.

 

Well in all honestly its not true,there is 1 pool of buyers and although they may travel from agency to agency ,they still remain the same pool of buyers,enquiring on what is available and what is new on the market.

 

The real idea of using an Agency to sell your home is to expose the property correctly and to the right audience and if done correctly it will attract the correct willing and able buyers to view the home resulting in a faster sale at the correct Market Value.

 

On an open mandate, meaning have as many agents as possible advertising the property, results in different pictures some good,some not so good,variations in prices,all advertising on the same free or standard marketing platforms, and being that your open mandate falls into the same pool as the agents other open mandates there is no urgency ,all resulting in confusing the prospective audience who then feel there may be an urgent need to sell,resulting in lower offers.

 

We at Engel & Volkers take pride in our marketing and wish to extend the best possible marketing plan to our sellers to ensure the Sellers  property stands out above its competitors,attracting the Correct Buyers with interest being created between buyers rather than agents competing online  to get the call with the cheapest marketed price. 

 

Accurate and high quality information is the Agents Goal when entrusted with an Exclusive Mandate.Having the Exclusive mandate is like a pre-approved sale and the Agency will go the extra mile with more advertising budget and exposure to close the Sale.

 

For more Information on an Exclusive marketing plan for your home,give us a call or visit one of our lounges across the island.




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Engel & Völkers
Licence Partner Malta Regional Market Center
  • Triq L-Esportaturi Central Business District, Zone 3, Mriehel
    CBD 3010 Birkirkara
    Malta
  • Phone 79494884
    Fax: +356 2347 0199

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Do you know how much your property is currently worth? No matter if you just want to inform yourself about the current market-price, or if you wish to sell your property for the best price: our experienced marketing experts are happy to assist you with a free and non-binding valuation.

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