What types of mandate should you choose to sell your property in Switzerland?
July 24, 2020
In Switzerland, a sales mandate is an official document providing a framework for the mission between a seller and a real estate agency. It must be signed by both parties who agree to abide by the terms of the contract. This is why you have to make sure you agree with the mandate (type of mandate, duration, clause, etc.). It is only after signing the sales mandate that the real estate agent can start his work and do his best to sell your property.
We saw in a previous article the reasons for choosing a real estate agency to sell your property and we are now going to look at the different sales mandates that exist.
Indeed, this question is important because it defines the type of partnership with your real estate agency. It is essential to know the different options in order to choose the one that is most appropriate for your situation.
There are three main sales mandates in Switzerland: the simple mandate, the exclusive mandate and the semi-exclusive mandate.
The Simple Sale Mandate:
In the first case, the simple mandate allows a seller to entrust his property to a real estate agency while allowing himself the opportunity to mandate others if he wishes. He can also sell it through his personal network.
The advantage is that you don't have to be tied to just one agency and you feel more free. There is the risk of seeing the property displayed with different prices and surfaces, something counterproductive for the object. The organization of visits is also becoming more complicated. On the other hand, the real estate agent will probably make less effort to sell the property than if he were on an exclusive basis.
The exclusive Sales Mandate:
An exclusive sales mandate entrusts the sale of the entire property to a single agency. It is therefore not possible to hire someone else during the entire term of office. If you choose your agency wisely, this is the best way to sell your property quickly. The agency will invest all its means to promote your property! In addition, it limits the interlocutors and is easier to manage.
The semi-exclusive Sales Mandate:
This third solution is similar to the exclusive mandate because the seller can only choose one agency to sell his property. Nevertheless, he retains the possibility of being able to sell it on his own.
At Stone Invest, we let our clients decide what suits them best and make sure to satisfy them whatever the mandate.