Some tips to home selling

Sellers are always warned not to give mandates to agents, but in fact, when giving a mandate to an Agent, it rules out a lot of hiccups and problems. If a seller is not happy with an agent's performance during the marketing of their property, the seller can report the agent to the principal or to The Estate Agents Board.

The sections below provide help and answers to our most frequently asked questions. If you can't find what you're looking for please contact us.

• What is a Sole Mandate and why should I sign one?
• Benefits of a sole mandate.
• Selling your my home without an Estate Agent?
• After you signed for your property what happens next?
• What Frannie Real Estatse can do for you?
• Why use Frannie Real Estates?

What is a Sole Mandate and why should I sign one? Under a sole mandate a seller instructs a particular Estate Agency to find a buyer and no agent from any other company may market the property during the sole mandate period.

A multitude of further benefits include prevention of double commission, avoidance of over-exposure, improved security and, ultimately, a higher price.
Benefits of a sole mandate

• Provides time to secure the highest price
• Only one reason is given for selling
• Viewing times are set
• Far greater security
• Written intention to sell implies a serious seller
• Monitoring and control of agent's marketing plan
• Moral commitment between Agent and Seller
• Agent provides regular activity reports
• There is only one pool of buyers
• It creates a healthy platform for competition
• Eliminates any race for a "QUICK LOW OFFER"
• Generous advertising budget
• Avoid risk of double commission claim
• Control over marketing price: One Agent - One Price
• Property will not by abuse as a springboard
• All buyers are funneled through one agent
• Consistent advertising - consistent show houses
• No over - exposure of the property
• After sales service
• No mandate - no motivation

Selling your my home without an Estate Agent?

• Do you have the time to market your home?
• Do you know how to show your house to its best advantage without becoming defensive?
• Do you know how to objectively compare the price, condition and features of all homes on the market?
• Do you know and understand the numerous documents and procedures associated with selling?
• Are you aware of the total costs involved in the selling process?

After you signed for your property what happens next?

• Sellers will receive a copy of the Sales Agreement from their agent
• Agent sends copy and instruction to the Conveyance Attorney on the Seller's behalf
• Agent assists buyer in obtaining the necessary finance if applicable
• Bank inspects the property for valuation
• Once bond is granted bank instructs Bond Attorneys to proceed with registration of the sale
• Agent assists with electrical wiring and borer beetle inspections and certificates where applicable
• Conveyance Attorney requests Title Deeds and prepares documents for signature by both parties
• Agent ensures the Buyer's transfer costs have been placed with the Conveyance Attorney
• Conveyance Attorney applies for cancellation requirements of Seller's existing bond
• Conveyance Attorney applies for transfer duty receipt from the Deeds Office
• Conveyance Attorney applies for Rate Clearance/Levy Clearance Certificates from municipality or managing agents
• Conveyance Attorney requests guarantee from Bond Registration Attorney
• Conveyance Attorney lodges all necessary documentation with the Deeds Office
• Sale will be registered into the Buyer's name approximately 7 - 10 days after lodgement has taken place
• Conveyance Attorney pays out the net proceeds of sale to the Seller

What Frannie Real Estates can do for you?

• Help prepare your home for showing
• Determine the right selling price to ensure that the home sells in the shortest time and for the best price
• Expose your home to potential buyers
• Qualify buyers before exposing your home to them
• Help people make decisions by providing data and the opportunity to make comparisons.
• Negotiate professionally.
• Arrange financing once the documentation has been signed, in order to speed up and not hinder the sales process.
• Provide information regarding the area to out of town buyers.
• Prove a track record of sales transactions and marketing ability.
• Make use of company's record to attract buyers.
• Give feedback to the seller throughout the mandate period.
• Follow up every potential buyer until we conclude a satisfactory agreement.

Why use Frannie Real Estates?

Too many estate agents offer tired and hackneyed benefits of using their services and then wonder why they were unsuccessful in securing the mandate. You need to elevate yourself above your competition and earn a sole mandate.

Don't make the age old promises of:

• 24 Hour availability
• Honest and ethical service
• Hard work

These promises are given by EVERY estate agent competing for the listing. Rather set yourself apart by making a promise which only you can lay clam to. Now select your personal reason and then in under 25 words tell the seller why you should get the mandate.