A
vendor's advocate is the project manager for your property sale. A vendor's
advocate will work with you to assess the value of your home, find a buyer and
guide you through the process of selling your home. They will also be available
for you, the homeowner, to answer any of your questions throughout the process.
A
vendor's advocate may also be known as a listing agent or a "buyer's
broker." The difference between a vendor's advocate
and a listing agent or buyer's broker is that you have hired a vendor's
advocate to sell your home. In contrast, a listing agent or buyer's broker is
hired by the real estate agency to sell homes on behalf of their real estate
company. In some cases, both the realtor and vendor's advocate can be involved
in selling your home.
A
vendor's advocate is an investor and/or developer who works directly with
sellers and buyers to help them achieve their goals in real estate
transactions.
A
vendor's advocate can specialise in commercial, residential, or industrial
properties. A vendor's advocate can also specialise in specific vertical
markets like multifamily, senior care, healthcare, student housing and
government facilities management/leasing.
Why
would I use a vendor's advocate?
·
The Vendor Advocate
is responsible for keeping things on track, staying in contact with the buyer's
agent and your real estate agent, and presenting you with viable offers from
prospective buyers.
·
A vendor's advocate is an independent and unbiased person who will represent
your best interests. A vendor advocate is not employed by any real estate agency and does not have any
direct interest in whether you choose to sell your home through them or another
agency. A vendor's advocate is paid by you, the homeowner, and therefore works
for you! They can provide an unbiased opinion on matters regarding the sale of
your home.
·
They tell you what can be done with your home in terms of value, price,
and repairs. They'll ask you to sign a listing agreement that states that they
will be compensated only if you sell your home. In other words, they are not
paid if they fail to sell it or if you change your mind about selling before
the house sells.
·
You have ultimate authority over any decisions that must be made.
However, since this is a business arrangement, you need to realise that the
advocate has the experience and expertise to make suitable suggestions about
what needs to be done with your property to get top dollar for it in today's
market conditions.
·
The advocate can advise you of the pros and cons of any improvements
that need to be done before putting your property on the market. Their advice
will include how much it will cost, how long it may take to sell your home at a
profit if you decide on particular improvements and what condition it will have
to be in by the time of closing so that there are no surprises or delays in
closing.
·
Telling your own story is
crucial to selling a property. A vendor's
advocate can help you tell your story in a way that clarifies your objectives
and allows the buyer to visualise their own life in your home.
A Vendor Advocate is a good investment
because they can be there for you every step of the way.
A good
vendor advocate will know exactly what questions to ask at each step of the
process and will negotiate on your behalf to get you the best deal possible.
They are
an integral part of your team, and their job is to take any stress or worries
off your plate so that you can focus on other vital things in your life while
they handle the details of selling your home.
