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Exclusive Property Listings

What is an Exclusive Property Listing?

When a property is listed with a Real Estate company in Malta, you may know by now that it can be listed either “Exclusively” (Sole agents) or as an Open listing.  When a property is marked as “Exclusive” this means that the sale of the property is “Exclusive” to the one company which has it listed. For example, just imagine that company ABC Real Estate lists Apartment No. 1111 at Portomaso as an “Exclusive” listing – this means that the only agents that are able to advertise, conduct showings/open houses, and ultimately sell this property are ABC Real Estate. Viewing such properties with a different agent, could ultimately result in paying more commission!

In Many countries the norm is to list with only one agent, however in Malta, very  often we find that people opt for Open listings, either not to offend friends or family members that work with other agencies by giving them equal opportunity to sell the proprety but also to increase the sales force by adopting a first come first served basis.

What Does An “Exclusive” Listing Mean For A Seller?

For a Seller, an exclusive listing has several advantages. The first advantage, is obviously a lower commission rate, which ultimately also benefits the buyer. Another worthy mention, is the fact that sellers get a more personalized service since the Sole agent will be more committed to make the extra effort to get your property sold. Locally, another tremendous advantage of listing Exclusively is that you will not have hundreds of agents and agencies wasting your time by showing your property to prospective clients without even being knowledgeable about what they are trying to sell. Exclusive listings are popular among sellers who prefer an added level of privacy during the home selling process. As Real  Estate agents, we only have a couple of goals in mind when working with sellers – the obvious goal would be to sell your property for the best price and in the least amount of time possible. However, another important goal in selling your property would be to bring you the best possible and most suitable conditions (i.e. fair selling price, convenient closing dates, fair conditions. etc.) –  and this is best achieved when working in a more personal manner.

Palazzo in Valletta Exclusively for sale through Pierre Faure Real Estate

Palazzo in Valletta Exclusively for sale through Pierre Faure Real Estate

 

What Does An “Exclusive” Listing Mean For A Buyer?

As mentioned above, as a buyer you will ultimately be paying less commission. Also, when properties are under an exclusive agreement you will most likely avoid a bidding war with other potential purchasers since the agency will be fully aware of other offers received.

Written by Stefan Consiglio – Manager at Pierre Faure Real Estate & Malta Property Auctioneers.

A double Fronted Townhouse in Sliema exclusively for sale through Pierre Faure Real Estate

A double Fronted Townhouse in Sliema exclusively for sale through Pierre Faure Real Estate

Property Page Competition

Pierre Faure Real Estate, in conjuction with www.techmarket.com.mt, are launching a facebook competition and giving away a Samsung Galaxy tab 3 (WIFI).

To participate, all one needs to do is log onto facebook, like Pierre Faure Real Estate’s Page and share the competition as seen below.

Pierre Faure Real Estate are a team of highly trained and professional, experienced real estate agents in Malta always ready to offer a personalised service.

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Renting a home in Malta

Mad Village terrace

Malta is one of the most dense countries in the world and thrives on the tourist industry, so it may come to no surprise that it is not always easy to find your dream home.

At the moment, it is quite obvious ,that even though construction in Malta never seems to stop, the demand for property is still outreaching the supply. If you intend to rent a home in Malta, you will need an experienced real estate agent, one with good contacts, a large database of good properties and more over , a reputable one which landlords trust and are happy to work with.

At Pierre Faure Real Estate, our team of experienced staff are trained to be professional at all times. We know the island like the back of our palms and moreover are ready to listen to your needs and wants in order to match clients and properties as best we can. Our rental properties in Malta start from as little as €250 per month, but we also cater for a vast range of up-market, top of the range properties to suit all needs. If you are thinking of renting a home in Malta, be it because you want to relocate to Malta or just wish to spend a long holiday in the sun, Pierre Faure Real Estate will be able to assist you. We believe that at any given time, there is always a property out there to suit ones requirements.

Our revamped property website, www.pierrefaure.com, offers good photos and all the information you need. Moreover, you can like our facebook page here and you can keep updated with the best properties which we post regularly.

If you are a property owner, and have vacant property in Malta & Gozo which you would like to let click here , fill in the form and an agent will get in touch. Our aim is to leave your property vacant for as little time as possible.

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