Dave4455Participant@qprjamesJoin Date: 2011Post Count: 15
I own a motel, and keen to sell the lease, whilst still retain the freehold.
I have had 3 brokers that have come round abd done an appraisal. The 1st broker i have decided not to go with as his price was a bit sky high.
The 2nd agent was good, so certainly want to use him. I also like the 3rd broker.
I would like to use both the 2nd and 3rd brokers, however usnsure if i should just go with 1 broker as an ‘exclusive’ ….or…..2 brokers under a ‘general authority’???
The commission is actually going to be the same (as I got a decent rate for the general listing).
However….I am just nervous that having 2 agents on a ‘general’ might work against me, and they might not put much effort into the sale. Whilst, if i did just have a broker as an exclusive, he might be more desperate to get the sale…..then again he might just get lazy knowing that nobody else is going to try and sell the motel from under him?!
What can people recommend – what would you choose – 2 brokers under a general, or 1 agent under an exclsuive? I am not in a desperate rush to sell, but would hope it might sell within a few months as it is priced well and in a great location.
Thanks :)Ethan TimorParticipant@ethantimorJoin Date: 2016Post Count: 282
Are they both the same in all aspects? (marketing, commission, reputation etc)
If so, maybe see if one of them is happy to offer better terms for exclusivity? I would cap that for 3 months and if it’s not sold by then, give it to the other agent as well.
Does this sound like an option?
EthanLuke TaylorParticipant@world-changerJoin Date: 2005Post Count: 415Corey BattParticipant@cjaysaJoin Date: 2012Post Count: 1,010
I would suggest exclusive over general – just like selling property you want the agent to be focussed on selling your asset, not half arsing it as they think there’s others selling it.
I know people in the game who specifically will not take general authority or if they do, will keep it on the backburner as they see it as barely worth the effort if they may get cut out of the picture at any point by another party securing a sale.