Tips of choosing Real Estate Agents in North Cyprus Kyrenia.
Listing Property Sole Agent vs Multi Agent
Have you ever wondered why you should give a real estate agent a sole exclusive listing to sell your property in North Cyprus as opposed to selling using multiple real estate agents in Northern Cyprus?
When buying or selling a home, finding a real estate agent is a good way to get the job done quickly, efficiently, and responsibly.
Real estate agents are trained to market, sell, and close deals and they may have more luck selling your home than you would be selling on your own.
Why Sole Agents listings work best.
Usually, a seller’s objective is to obtain the maximum price that is achievable in the current real estate market in Northern Cyprus. This requires good negotiation skills on the part of the estate agent.
If you have multiple agents selling your property, the prospective buyer will contact all of the agents and find the one they feel is more on their side and then negotiate through them.
As the agents know they are competing against each other to retain the buyer, their alliance may not be aligned with the best interest of the seller, and they may push the prospective buyer to the Sole Agent listing.
Not only that when a buyer sees that there are multiple agents listed to sell owners property, this usually indicates a level of desperation on the part of the seller and empowers the buyer in the negotiation process.
The majority of buyers come from the online advertising, and thus having multiple agents working on selling your property does not increase the number of buyers, it essentially just offers the buyer an option of choosing the agent they feel will work more in their interests.
Advantages of Sole Agent
An agent that has an exclusive agency will invest more time, marketing strategy and effort into selling your property as they do not fear all their work will be in vain.
- Agents will priorities the sale of your property, knowing that there is no competition for the commission.
- The agent will try to obtain the best possible price.
- The agent will design a marketing and advertising strategy.
- To achieve the best price, agents will use all their available resources, data to ensure the property is presented well.
- Agents will do all the necessary work to sell the property.
An additional benefit is that sellers are able to build an open and honest relationship with the agent, as there is no competition. Agents will be open about offers received and provide honest advice about which offers to reject. Communication is also simpler because sellers have one point of contact during the sale process.
Make sure you choose an estate agent in Kyrenia, North Cyprus you can trust and that you know will work in your best interest. Giving them an Sole agency enables them to engage with all buyers from a position of strength and empowers them to negotiate the highest price for your property.
If you feel unsure of the agent, offer them a shorter term of exclusivity (for example, 3 months) and then you will have more options available to you should you be unhappy with their performance.
Why use Us
Select Estates International is a leading estate agent based in Kyrenia Northern Cyprus. We are working across local, national and international property markets, delivering unrivaled customer service through our team. We have a large database of high-net-worth clients at our fingertips. It only takes one of them to fall in love with your property.