Aug 23, 2022
What is a Vendor Advocate?
Selling your property is one of the most stressful times of anyone’s life, no matter if you’re doing it for the first time or the fifteenth. Whether it’s preparing for inspections, finding the right real estate agent or navigating the ever-changing market, you’ve more than got your work cut out for you.
Anyone who’s sold their home before will tell you that you need a reputable team of experts behind you during this process. The best way to quickly and successfully sell your home is with the help of a vendor advocate, yet many people don’t even know what they do. So what is a vendor advocate exactly? Below, we’ll explain the role of a vendor advocate and how they can help you sell your home with ease.
What Does a Vendor Advocate do?
The role of a vendor advocate is basically to act as a middleman between you and your real estate agent. They’ll be there to assist with all the work that needs to be done from preparing to put your house on the market to the settlement. They are a relatively new addition to the real estate industry, and they can help take the stress out of selling our home by ensuring that you’re not being taken advantage of by your agent.
What Are Their Responsibilities?
The main responsibilities of a vendor advocate are to make sure your real estate agent gets you the best price possible for your property and that the entire process of selling your home goes smoothly. They’ll also be there to ensure you’re working with an appropriate agent for your type of property, its location and your requirements. It’s their job to perform market research and help put your home on the market for a price that’s fair and realistic.
The reason why vendor advocates are so in demand is because they work independently of real estate agencies, and will help you find the right agent without any bias or personal agendas. They essentially act as the project manager for the sale of your property, overlooking the sales campaign with your own best interests at heart.
The Benefits of Hiring a Vendor Advocate
There are many benefits to working with a vendor advocate, as they can help make sure the right agents are considered, the marketing campaigns are up to par, fees are fairly negotiated and your chosen real estate agent is held accountable. Other pros include:
- Helping prepare your property to go on the market, including interior and exterior design choices and decluttering
- Negotiating with buyers and other real estate agents
- Working with staging experts for open inspections
- Having real estate agents compete for your listing and offer their very best services
- On top of industry trends
- Alleviating your stress and taking on various responsibilities that you otherwise would be left to do by yourself
However, not all vendor advocates come equal. When selecting your advocate, be wary of hidden fees, lack of experience or qualifications and unethical ways of conducting business.
Who Should Get One?
Anyone can benefit from using a vendor advocate, no matter what type of property they’re selling or how experienced they are with the process. Those who are short on time may benefit the most, as their vendor advocate will be able to commit both the time and effort needed to make sure everything runs smoothly from beginning to end.
A vendor advocate can also be especially helpful for those who own multiple properties, taking much of the pressure off them and saving them from constantly having to deal with real estate agents and keeping up with the trends of the property market. Also, vendor advocates are excellent for first-time home sellers, helping them to navigate this uncharted territory thanks to their unbeatable expertise and professionalism.
Selling your property doesn’t have to be the nightmare you think it’ll be. A vendor advocate will help you get the best price possible while overseeing the entire operation, protecting your best interests and relieving your stress.