The Benefits Of Exclusive Listing For Sellers

Published on: 14 January 2023 Last Updated on: 05 November 2024

In real estate, an exclusive listing is a contract between a real estate agent and the owner that grants the agent the exclusive right to sell the property. The realtor will handle the listing for you without submitting it to the multiple listing service.

In most cases, the agent will promote the property to prospective buyers and handle everything regarding the sale. The real estate agent will act as the owner’s sole agent. Only one agent will be appointed and expressly authorized to refer the property to potential buyers.

On the other hand, in a non-exclusive listing, the owner retains the right to use any number of agents. You can click here to learn more about exclusive vs. non-exclusive listings and the pros and cons of exclusive listing. In this article, we will focus only on the benefits of exclusive listings for sellers and why this might be the best way for you to sell your home. Let’s dive in!

Longer-Term Working Relationship With The Agent

You are more likely to develop a genuine working relationship with a single real estate agent. Because your agent will be fully responsible for the sale, they will probably be more motivated to close the deal than open listings. In addition, your agent will put in more effort on your behalf: they will develop personalized marketing strategies to help your property stand out.

As your relationship develops, your exclusive agent will make strategic recommendations regarding advertising, marketing, and even renovation strategies to attract higher prices. On the other hand, if your home is listed on the MLS, the public will be aware of your initial price and will be notified whenever you change it. However, with an exclusive listing, the agent can control who can access pricing.

High-Quality Offers

Your agent will work closely with you to ensure that you get the best price for your property. As mentioned, they may even recommend renovations if they are sure that renovating will pay off by increasing the cost of your property.

In addition, they will devise powerful advertising strategies for you to attract higher bids. And exclusive listings typically receive more offers since many believe that non-exclusive listings indicate something wrong, even if there is not. And since people have more trust in an exclusive listing, they are more likely to pay more.

In addition, your exclusive agent will spend more time choosing the best clients so they can get the best offer. Also, this eliminates the long negotiation processes with many offers, counter-offers, etc. The agent will put effort into structuring worthwhile offers for you.

Read Also: What are the Best Real Estate Seller Leads?

Exclusive Listings Attract The Right Buyers

Open listing is more likely to elicit interest from more buyers, but this does not guarantee that the buyers are competitive or qualified. In non-exclusive listing situations, agencies keep the important property details private and show your home to as many clients as possible.

So, the information about the property will usually be insufficient, resulting in your property being presented incorrectly to the wrong prospects. Even if the property is offered to potential buyers, these qualified prospects are given incorrect information.

This is a significant benefit for exclusive listing. Because agents will market the property through their brokerage to a pre-chosen group of prospects, the clients will be more qualified, increasing the chances of a faster sale. In addition, an exclusive listing agreement will give agents the authority to approach the qualified buyers—those most likely to buy the property—openly and systematically.

Privacy

The reasons for selling a property can vary, from happy ones to reasons like someone passing away or a divorce. Some owners do not want their close ones to know they plan to sell their homes. Also, many people do not want the online world to know their address, the listing, or the selling price.

When listing exclusively, your property will not be exposed online or to many agents, which is a significant benefit. In addition, you will gain price and privacy control over the listing. You can work with one agent and have more say over who comes to your property, which could benefit sites under construction or undergoing renovations.

Wrapping up

An exclusive listing is better suited for owners who prefer a more private selling process and want to control who comes into their property during the sale. Also, an exclusive listing is a perfect option for people who want to work with a single agent since that will give them the confidence that they are fully invested in the sale of their home.

However, it is critical to work with a reputable and experienced agent to ensure that your property sells faster and attracts higher-quality prospects who will have better offers for your property.

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Abdul Aziz Mondol

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

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10 Rights You Have as a Tenant That Your Landlord Won’t Tell You About

Whether you rent a fully-furnished property or an unfurnished property to fill with your own furniture, or you rent furniture, there are certain inalienable rights that Indian law grants you as a tenant. Some of these rights pertain to your rights in negotiating the rental agreement, others offer protections during the rental for you and your furniture, for example, your couch or refrigerator on rent. However, in all scenarios, the law is on your side as the tenant and under no circumstances can your landlord breach these rights. Fixation of Fair Rent: As a contractual tenant, you are offered protections on the price you agreed to pay for the property rental. This means that during the contracted period, your landlord cannot unjustly increase the rental price. If the landlord believes you are not paying enough rent for the property, he or she must approach the Rent Control Court to apply a fair rent to the property. The Rent Control Court dictates that fair rent is 9% of the total market value for the building. Fit for Living: The tenant has the right to a property that is fit to be lived in. If the property becomes unsafe due to bad electrical wiring, and holes in the floor, or ceiling, the landlord must take measures to repair the property and ensure it is fit to be lived in. Peace of Living: As a tenant, you are entitled to peaceful living. This means the landlord cannot enter the rented property without prior notice and communication. Essential Services: The landlord cannot disconnect essential services like electricity and water. If your landlord is threatening to do this over late rent or any other dispute, inform them that you will approach the Rent Control Court and file a complaint against them. Points of Contact: The tenant must have the contact information, including telephone numbers, email addresses, and postal addresses of the landlord. The landlord is also available to contact at any time. Unfair Eviction: The landlord cannot evict a tenant without valid reasons. They must also inform the tenant as to what those reasons are. There are only a select number of valid reasons for which a landlord can seek eviction. These are unpaid rental payments, the tenant subletting the property without the landlord’s consent, causing a nuisance, or if the landlord has plans to move into the property themselves. Repairs: The landlord is obliged to pay for any repairs to the property. If the tenant pays for any repairs out of their pocket, they are entitled to reimbursement from the landlord. Deposit Return: The landlord cannot withhold the security deposit without citing specific, valid reasons. Building Energy Rating: Before signing the tenancy agreement, the tenant must be able to access the property’s Building Energy Rating (BER). This is the rating which informs prospective tenants how energy-efficient the property is and is a reflection on how much heating and air conditioning bills might be. Legal Heirs: In the event of a tenant’s death, all of the legal protections afforded to that tenant are immediately passed to their legal heirs. This means the landlord cannot evict the legal heir of the deceased tenant without a valid reason. Read Also: 5 Ways To Become A Profitable Landlord Benefits Of Investing In City Centre Property

Top 5 Most Expensive Beachfront Homes

Have you got deep wallets and wanted the swankiest seashore property? Your search is over. One of the most high-class beachfront holiday villas in Dubai can be found on the world's biggest synthetic island- Palm Jumeirah. We specify its 5 best most costly houses by the beach curated by LuxuryProperty.com: 1. Stylish Two-Bedroom Condo in Bluewater : AED 4,179,000 Bluewaters The location of Ain Dubai, the earth's biggest observation wheel will give you a unique choice of high-quality flats, penthouses, as well as townhomes readily available for the first time, Bluewaters is usually a contemporary, family-oriented isle location with a groundbreaking nature that blends waterside living with the particular pleasure of metropolitan city life. A vibrant, shining example enhancing Dubai's magnificent shoreline and skyline, homes offer those looking for a new lifestyle in the town a tradition and a practical experience that expands beyond the residence, not forgetting incomparable sights of the world's biggest observation wheel - Ain Dubai. Bluewater may also be a shoppers' haven within close proximity to 175 retail and cuisine concepts, attached to the shoreline by way of a multi-mode transportation system offering convenience back and forth from this tropical isle. 2. Modern One Room at Nikki Beach : AED 3,593,000 Nikki Beach Homes is a trendy, state-of-the-art neighborhood of 63 top quality flats, developed in cooperation with Meraas. The apartments and condos are made and fitted with high quality, organic materials all through, to mirror the brand's contemporary and rejuvenating beach-resort ambiance. Nikki Beach Homes offers properties with 1 to 5 rooms and consists of 7 townhomes and one penthouse, each and every with its own allotted automobile parking space. The housing units consist of each and every comfort and ease possible and cutting-edge family features. 3. Gallery Views Signature Property : AED 23,950,000 Found on one of the best fronds on The Palm and situated ideally in close proximity to the gate, this can be a rare chance for the discerning customer and family. The particular Gallery View has become the most in-demand designs giving ground floor plan dwelling and improving the views from all family suites of the water and Dubai skyline. The particular ground floor consists of a sizable open family room, exclusive sitting, second family area, private/formal dining, cooking area, utility room, and workers’ rooms. Also situated on the lower level, are a couple of double en-suite washrooms along with a cloakroom. An attractively made stairway rises to a 1 / 2 floor exactly where you will find a couple of big double en-suites with all the stairways ongoing to the full landing with spectacular exterior seashore sights. 4. Wonderful Plot with Waterside View : AED 12,385,000 Exceptional property plot you can buy in Palm Jumeirah, situated on a privileged frond near to the Pointe Shopping mall and confronting the Atlantis Resort. Perfect chance for a person who wants to construct a customized villa in a high-quality beachfront location in Dubai. The particular land dimensions are 9593 sq. Ft. and a total developed part of 7195 sq. Ft. is allowable for the villa. An expedient 2-year payment schedule can be obtained with 10% on reserving, 10% after six months, 10% after a year, 35% after 1.5 years as well as 35% after two years. Foundation is in place and also the plot is completely ready for handover so development can start instantly after your first payment. 5. Outstanding Villa at XXII Carat : AED 38,535,000 The most recent high-end advancement to hit the XXII (22) Carat Club Holiday villas are 25 villas around the West Cres of the Palm Jumeirah. Making use of a time-honored design and style, it's made in style comparable to the Rebirth period. The facades tend to be Italian, with impact pulled from the Tuscan. Stucco in addition to time-honored columns, pergolas, curved doorways, and pathways are standard in most of these villas. It serves an earthen finish and offers a lot of light colors, hand-crafted ceramics and wall art. The appearance of most of these villas will be ideal for people who prefer their houses to be believed as "unparalleled opulence." The particular decorations feature a Mediterranean and beyond style inner surface, with mostly European household furniture and fixtures. Read Also : How Can External Cladding Transform Homes? Top Tips For Flipping Homes Interiors To Reduce The Heat Build-Up In Your Homes

Blunders to Avoid When Preparing to Purchase Your First Rental Property

When looking at how much passive income some rental property owners are able to generate on a monthly basis, it’s only natural that you’d want a piece of the pie. However, while rental property ownership can be extremely lucrative, it can also prove highly stressful and financially draining if gone about in the wrong manner. As such, many inexperienced first-time investors wind up making a plethora of ill-advised blunders when seeking out their first rental properties. List Of Prime Blunders One May Make While Purchasing First Rental Property 1. Purchasing Properties You Haven’t Seen Frankly, it should come as no surprise that purchasing a rental property sight unseen is a bad idea for a multitude of reasons. Sure, the seller can send you photos, but in the absence of an actual walkthrough – or, at the very least, a virtual walkthrough – you really don’t have any idea what you’re getting. So, no matter how amazing a deal the seller presents you with, you’d do well to avoid investing in a rental property you or a trusted proxy haven’t had the opportunity to personally tour. 2. Purchasing Properties That Haven’t Undergone a Proper Inspection In addition to avoiding properties that you haven’t seen in person, you should abstain from purchasing any property until a proper inspection has been conducted by a building inspector or home inspector. Even if all appears to be well, certain issues can escape the gaze of nonprofessionals. Additionally, depending on the scope of these issues, you may find yourself regretting a seemingly solid purchase. Seasoned inspectors are able to pinpoint and diagnose a sizable assortment of issues, including structural damage, electrical concerns, and plumbing problems. A thorough inspection will help ensure that you have all the information you need to make an educated, informed decision. As an added bonus, the results of an inspection can put you in a good bargaining position. If an inspection unearths issues that both you and the seller were unaware of, you may be able to request a reduction in price. 3. Purchasing Fixer-Uppers To be clear, many of the rental properties you look at are going to require small to moderate repairs and/or renovations. In fact, in many cases, sellers will be willing to deduct the cost of repairs/renovations from the final price. However, there’s a stark difference between a property that requires a normal amount of work and a fixer-upper. Of course, this isn’t to say that a fixer-upper can’t be a worthwhile investment. Depending on the area in which it’s located, a fixer-upper may ultimately make you quite a bit of money. Still, experienced property owners often recommend that first-time investors abstain from purchasing fixer-uppers – and for good reason. If your experience with repairs, renovations, contractors or budgeting is lacking, choosing a fixer-upper as your first rental property is practically guaranteed to be a disaster. The whole experience is very likely to cost you more than it stands to make you, deplete your finances and cause you immense frustration. Once you have more property investment experience under your belt, acquiring a fixer-upper is liable to prove considerably less stressful. However, in the interest of helping your freshman foray into property ownership go as smoothly as possible, don’t even consider making one your first purchase. 4. Failing to Consult Experts All fledgling rental property owners stand to benefit from the guidance of seasoned investors. So, if you have any friends, family members, coworkers, or acquaintances who have experience owning and/or operating rental properties, take care to seek their advice throughout the course of your first property acquisition. Additionally, both first-timers and seasoned investors can profit handsomely from doing business with a good real estate investment company. Rental property ownership is arguably the ultimate method of generating passive income. Making a small fortune from various investments on a monthly basis is a prospect that’s simply too good for many aspiring landlords to pass up. Still, approaching rental property owners in the wrong manner can prove ruinous to both your mental health and finances. That being the case, if you’re currently shopping around for your first property, there are a number of mistakes you should actively work to avoid. By steering clear of the blunders discussed above, you can set the stage for long-term success in the rental property game. Read Also: How to Protect Your Property as a First Time Landlord? Is Property Investment Still a Good Way to Make Money? 5 Best Things To Know Before Renting A Property In Kings Cross What To Look For When Renting A Property In St Albans: Checklist & Advice

The Benefits Of Exclusive Listing For Sellers

Longer-Term Working Relationship With The Agent

High-Quality Offers

Exclusive Listings Attract The Right Buyers

Privacy

Wrapping up

10 Best Ways To Find Cheap Homes To Flip

Selecting The Perfect Real Estate Agent Is Essential For Home Buyers

Abdul Aziz Mondol

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

Leave a Reply

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10 Rights You Have as a Tenant That Your Landlord Won’t Tell You About

Top 5 Most Expensive Beachfront Homes

Blunders to Avoid When Preparing to Purchase Your First Rental Property

The Benefits Of Exclusive Listing For Sellers

Longer-Term Working Relationship With The Agent

High-Quality Offers

Exclusive Listings Attract The Right Buyers

Privacy

Wrapping up

Share this Article

10 Best Ways To Find Cheap Homes To Flip

Selecting The Perfect Real Estate Agent Is Essential For Home Buyers

Abdul Aziz Mondol is a professional blogger who is having a colossal interest in writing blogs and other jones of calligraphies. In terms of his professional commitments, he loves to share content related to business, finance, technology, and the gaming niche.

Leave a Reply

Popular

Follow Us

Recent

Related