We have recently agreed the sale of a four bedroom property in Montagu Crescent.
The sale was agreed within 22 days of the property coming to market with a sale price within 2% of the asking price.
The vendors chose to market their property on a Sole Agency agreement with Richardsons, which enabled us to correctly advise them, present the property correctly and use appropriate selling techniques to agree the sale.
The success that Richardsons has with Sole Agency agreements, the speed of the sale and the accuracy of the pricing, goes to show that there is a bouyant market in Gibraltar if it can be tapped into correctly.
With so many agents chasing instructions rather than sales, the effectiveness is diluted. Multiple Agency Agreements lead to a situation where agents are trying to agree sales to anyone regardless of position, just in order to beat the other agents.
At Richardsons we intentionally restrict our stock list to increase our effectiveness and time spent being able to help motivated vendors get their properties sold.