Why a Sole Mandate

Owners often wonder if an Open Mandate when marketing their homes is a better option, believing that the more agents they have working on their property, the sooner they will achieve a good price for their house. In reality the opposite is most often true. The prime reason for this is that is that an open mandate is a disincentive to a good agent. Even if they commit the same effort to an open mandate (say three other agents) they only have a 25% chance of landing a deal. Whereas on a sole mandate a decent agent normally has a 70 to 80% of success and earning a commission.

Bank Cancellation Bond

1 Instructs cancellation attorney and release title and mortgage bonds

The Cancellation Attorney

1. Receives cancellation figures from bank

2. Hands figures to Transerring Attorney for preparation of guarantees by Bond Attorney

3. Receives guarantees to cancel bond

4. Arranges signature of cancellation documents