There are two listing categories for a Vendor to consider: a Sole listing or an Open listing.
There are clear benefits should you choose to work with an Agent on a Sole listing basis.
A Sole listing dictates that the property will be listed with one Agent only.
All other Agencies will be invited to work with the Sole agent on a co-brokerage basis. Should a sale result, the commission is shared equally between the two Agencies.
The Vendor is relieved from having to coordinate and keep track of showings with numerous Agencies and having to give out multiple keys.
The Sole Agent will
Market the property for sale
Conduct all showings whether directly or through a co-broking Agent
Handle all negotiations
Draft the sale and purchase agreements
Hold the deposit as Stakeholder (unless the Vendor prefers it to be held by their law firm).
All appointments are booked through and monitored by the Sole Agent who will be on site for every showing to ensure your property is accurately and professionally represented.
Under a Sole listing the Vendor agrees not to participate in the sales process and any private enquiries are directed to the Sole Agent; the Vendor will pay a commission on the sale even if they introduce the Purchaser.
An Open Listing enables a Vendor to list on a direct basis with multiple Agents.
No commission is payable if the Vendor sells the property privately.
Whichever Agent is successful in securing a Purchaser is entitled to the full commission.
All of the other services listed above are provided by our Agency under an Open Listing agreement.