Are you looking for more information about what a property mandate is and what would work for you? If you are looking for property mandate information, you have landed on the right page. We cover the most frequently considered property mandates. We cover the best mandate for the best results. And we cover what is normally included in a property mandate.
What property mandates are there to consider?
- Sole and Exclusive property mandate or S&E property mandate. This type of mandate gives an agent a full mandate to sell your property and is ideal if you do not have plans to sell your property yourself. This means that only 1 agent or agency may market your property for sale.
- Sole property mandate. This mandate allows 1 agent or agency to sell your property and also entitles you to sell your own property.
- Open property mandate. This allows any number of agents and agencies to promote your property for sale.
- Dual property mandate. This mandate allows 2 agents or agencies to market your property for sale. This often results in 2 scenarios where the agent that sells earns the professional fee or, the agents split the commission, no matter who sells. The latter scenario is very seldom used.
There are other property mandates but we are only covering the most popular and recommended property mandates used in Randburg and the greater Jhb area. We do have more content to read about property mandates if you have the time. Property Mandates and their merit. Why a sole property mandate gets better success when you sell. Why an open property mandate is not always your best choice.
What KW Select offers you on a sole property mandate
With 100 accredited property professionals now working within KW Select, when you consider a sole property mandate, know that every one of these 100 agents has active listings. This means they have buyers viewing their properties for sale. KW Select has a culture of sharing so that’s what we do to ensure we share our buyers with all our active listings to ensure we get you your property sale faster than any other. A quicker sale at the best price in the current market is what we think of as a win-win.
An open property mandate
If you are an open mandate fan and you simply will not be converted we certainly can assist. But the best agents that you really do need to help you sell your property will simply not work on an open property mandate. It’s clumsy and very few agents go the extra mile on an open property mandate. Estate agents are simply not invested in your property sales.
What is covered in a property mandate
A property mandate essentially covers the 5 x P’s as we call it in real estate that contractually obligates the following. Remember the property mandate protects you as the seller as much as the agent that will become invested in the sale of your biggest asset.
- The property we are mandated to sell. This means the legal address as recorded at the SA Deeds Office.
- The price at have address to list your property at. This will be the asking price that you agree we should market the property at to ensure a sale. Generally, given market conditions the sales price will be between 10% and 20% below the asking price.
- The period of your mandate. I recommend you read a recent article about how long, according to FNB it will take to sell your property. Nowadays given the current buyer’s market we find ourselves in a property mandate could and should extend to cover a period fo 3 – 6 months.
- The professional fee or commission to support the market efforts and the concluded sale of your property.
- The parties, and this refers to all registered property owners agreeing to the sale of your property. All parties to sign the mandate.
Why choose KW Select to sell your property and what property mandates do we offer?
- We will work on a property mandate of your choosing.
- Access to all the tools to provide you with an accurate number for when you sell.
- Biggest real estate brand in the world.
- Best technology to ensure a quicker sale at the best price.
How Will KW Select Market Your Property For Sale?
Need a sneak peek of how KW Select will market your property when you sell?
Book your property valuation
Click here to book your property valuation. Get the best advice on your property mandate of choice. Sell faster and for the best price in the current market. If you have a question, no problem, leave your details and we will get right back to you – click here. Here are some frequently asked questions though. Book your property valuation, click here.
