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Stop! Read this before signing a property management agreement!

Posted by David Phillips on Thursday, February 13th, 2014 at 12:52pm.

Thinking about renting your home?   
How many people actually read these agreements?   How many actually go through their agreements and explain the agreements?    
Many property management agreements include a clause that the agency that the first right to list and sell your property if you choose to sell the property.   My suggestion is to cross that out!!    How do you know what type of job the property manager is going to do while they are managing your property unless you have previous experience with them.    You may have a great experience with them and decide to list your home with the agent when you decide to sell, but you could get locked into the agreement with the agency too.   
Over the years, I have heard about this a number of times!    If the property manager has a problem with it, you should move on, and find someone else to work under your terms   Maybe, the property manager does not have confidence in his or her abilities because if they are doing a great job, the property manager/agent will probably be the first one you probably talk to.
Before you decide to list with any agent discuss the marketing plan what they are going to do to get your home sold!  It does not matter what price I think your home will sell for, if you are not listing the property with me as I might be representing a buyer at a later date and will share my expertise with my client and present an offer to the listing agent or for sale by owner.
What I tell people is find someone that you feel comfortable with to represent your interests and has a marketing plan to achieve your goals.
Call or email me with your questions!   
(Disclaimer-I am not a property manager as I choose to representing clients looking to buy a home or sell a home in South Hampton Roads.)

David Phillips

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