Multilist Or Using More Than One Agent
Multilist is a method of sale using more than one real estate agent, the fees commissions and costs are payable to only the one real estate agent who sells the property.
In theory Multilist sounds good
that you can have 5, 6 maybe 10 agents trying to sell your property but let’s look at how Multilist works ? or indeed does Multilist work ?
Multilist or using multiple real estate agents can have a negative effect on your sale price! The main reason for this is that the agents will tend to focus more on selling the properties they hold as exclusive listings as it guarantees they will get paid all of the commission. (With a multi listed property agents will have to share the commission, which they don't like)
Let's all put our salesman's hat on for a minute... in which direction would you sway a buyer.. in the direction where you were personally going to get paid 100% commission, or only 50%?
Multi listing will also affect the sale price YOU receive because a buyer can now choose which agent they use to inspect your property. (and they will always choose the one that they think will secure them the property at the lowest possible price and let's face it, as a buyer, wouldn't you)
Be aware of the pitfalls
In theory, the Multilist method may sound terrific but there are pitfalls that you will need to look out for (agents promoting multilist will paint a rosy picture but there are some very serious consequences that you need to be aware of) so do your homework.
We make it simple to "manage" your agent
What we do… Think of us as you would of anti-virus software you install on your computer to detect and eliminate a virus before it causes damage. We help home sellers to detect and eliminate issues which are typically caused when agents, who have their own agenda, give poor or misleading advice.
To avoid a virus or to eliminate one... CONTACT US >
“…they know the Real Estate Business backwards...” Barry- Abbotsbury NSW
"... your advice and guidance has proven to be priceless". Steve- Castle Hill NSW
About to interview agents
Tread carefully, a common misconception out there is that all agents are the same and they all do the same thing so it really doesn’t matter who we use and this couldn’t be further from the truth. The choice of agent will determine how smoothly things will run, how long you are on the market for and most importantly how much you end up with in your pocket at the end of the day. Not sure if the agent is the right one, ask us and we will tell you!
"... it was your list of questions that was 100% responsible for enabling me..." "...I loved this "interviewing process". Kerri- Nundah QLD