| ||Choosing the right method to sell your property may ensure you get the highest possible price|
There are various methods of sale when selling your home. When you do decide on an agent you will be asked to sign an Agency Agreement which will contain an estimate of the total fees, charges and expenses you can expect to pay when your home is sold.
This is important because it will help you determine a proper budget for selling your house or unit.
Accurate budgeting is vital, particularly if you are selling in order to “trade up”. It would be a tragedy to sell your home and then find, after settling the agent’s, solicitor’s, repairs and other bills, that you haven’t enough money left to buy the dwelling you wanted.
Before you sign any Agreement with an agent you should read it carefully and make sure you understand it and your obligations. There are several kinds of agreements and real estate agents
will willingly tailor one to meet your needs. The main agreements when selling your are:
- An Exclusive Agency Agreement covers a set period with one real estate company allowing the agent to concentrate all their efforts into the sale of your property.
- An Open Listing Agreement can be entered into with a number of agents at the same time and the agent who introduces the purchaser and holds the deposit is entitled to the commission.
- If you sign an Auction agreement and submit your property for Auction this means that prospective purchasers will bid against one another at a date and time suitable to you.