Why an exclusive brokerage agreement?
Theoretically, it's not a problem to hire multiple real estate agents to sell a property, since you only pay the agent who actually completes the sale. Many owners believe this will speed up the sales process. But unfortunately, the opposite is true. The sales period is unnecessarily prolonged, and the optimal price isn't achieved.
Most property owners underestimate the effort involved in selling a property. Selling a property isn't just about putting it online and conducting viewings. Anyone wanting to achieve the best possible price for their property needs to take care of several things beforehand.
Professional real estate agents impress with their experience and knowledge of the current market situation
This requires both experience and knowledge of the current market situation. Professional real estate agents obtain all necessary documents, such as the energy performance certificate, and create property brochures tailored to the target group, among other things. They also take care of optimal property photos and utilize tools like 360-degree virtual tours.
Since this involves considerable effort for the real estate agent, it's not surprising that selling a property with multiple agents involved always carries a risk for them. They may invest a significant amount of time in a project for which they ultimately receive no compensation. Therefore, to clearly define the terms of the agreement, there is a brokerage contract. In this contract, professional real estate agents regulate all aspects of their collaboration with the property seller.
Advertising twice scares away potential buyers
Imagine seeing the same property advertised twice with different photos and real estate agents. This would not only confuse you but also make you doubt the property's legitimacy. It's also unclear who a potential buyer should contact. Experience has shown that a property sells less effectively when it's listed by multiple agents.
Therefore, selling a house is a business relationship that must be based on trust. That's why owners can meet with several real estate agents before selling, in order to find the one they trust most and make a decision.
With the right real estate professional by their side, owners also gain legal security. Professional real estate agents understand their clients' needs. Discretion is their top priority. They handle the entire transaction and ensure a swift and smooth closing. Furthermore, they protect both parties from misunderstandings. They distinguish genuine buyers from fake ones, thus preventing unnecessary viewings and unnecessary visits. An exclusive brokerage agreement is a pact of mutual respect and trust.
Are you looking for a real estate agent you can trust to sell your property? Contact us now for a free initial consultation.
https://de.wikipedia.org/wiki/Makler
https://de.wikipedia.org/wiki/Besichtigung
https://de.wikipedia.org/wiki/Maklervertrag
Legal notice: This article does not constitute tax or legal advice for any specific case. Please consult a lawyer and/or tax advisor to clarify the facts of your individual situation.
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