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Why you should avoid tie in periods with estate agents

about 1 year ago
Why you should avoid tie in periods with estate agents

Choosing the right estate agent to sell your property can be
a challenging task. One of the things to be aware of when choosing an agent is
their contract terms. Some agents will try to tie clients into lengthy
contracts, which can be frustrating and limiting for sellers. Here are some
reasons why an estate agent should not be tying in clients for lengthy

Lack of flexibility: Long-term contracts can limit
sellers’ flexibility. If you are unhappy with the agent’s performance or wish
to switch to another agent, you may be unable to do so until the contract has
expired. This can result in a frustrating and stressful situation, which is not
in the seller’s best interests.

Lack of motivation: Agents who know they have a
guaranteed income from a lengthy contract may not be as motivated to work hard
to sell the property quickly and at the best price. This can result in a slower
sales process and a lower sale price for the seller.

Reputation: Agents who tie clients into lengthy
contracts risk damaging their reputation. Sellers who feel trapped in a
contract are unlikely to recommend the agent to others, which can result in a
loss of business for the agent.

At the end of the day, a good estate agent should be
confident in the valuations they provide and the service they offer. They
should be motivated to sell your property quickly and at the best possible
price, without the need for a lengthy contract. By choosing an agent who does
not tie clients into lengthy contracts, sellers can enjoy greater flexibility
and a more successful sales process.

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