Listing your Farm or Lifestyle Property: PART II

The idea to sell your property is a big decision and sometimes it can take you months of emotional thinking and talking with friends and advisors before you take the next step and list your property.

Through the listing process you will be shown and asked to sign an In-house complaints and disputes procedure. This provides a clear understanding for yourselves, if you are unhappy with your salesperson or have a problem, the process to raise that concern and deal with it.

Have a clear understanding of your obligations as a vendor.
  • You need to be aware of the commission being paid at the end of a successful transaction. Don’t let it be a surprise, negotiate a fee at the very beginning that you are happy with.
  • Understand the marketing and advertising costs spent on your behalf.  You can expect a campaign schedule to agree to before any costs are incurred.
  • Also ask to proof a copy of advertising before it goes online or into press. Feel free to edit and comment – after all you know the property far better than the salesperson who may have only seen it for a few hours thus far.
  • On the listing form there are several client warranties and client acknowledgements that you will need to read carefully and acknowledge.
Be very aware of the term of the agency.

A residential house and lifestyle block can only be listed for a maximum of 90 days. If it takes longer to sell, an extension will need to be signed. A farm can be listed for a much longer period.

The listing agreement will need to be signed by all the owners. In the case of a Trust, all trustees or an appropriately nominated person need to sign. Once a listing agreement is signed and you have received your copy of the listing form, you have the right to cancel within the next 24 hours.

Selling your property is a significant event. Remember to ask questions of your salesperson along the way; don’t be rushed. Be absolutely happy and confident that your property is in the hands of the person who you want representing your biggest asset. And remember, at all times you are in charge.

 

 

About Richard Anderson

Mobile 027 543 1610
Office 06 323 3363
Home 06 323 1390

Email: richarda@ruralandlifestylesales.com

Richard has extensive experience in rural New Zealand and several overseas rural markets. Originally from the South Island, he lived and travelled overseas working for an Agri-Tech company and eventually settled in the Manawatu. Richard entered the real estate industry in 1995. From 2000-2010 he was Rural Manager for a large real estate company, supervising up to 40 real estate salespersons.

Richard is a jet boat enthusiast, and is on the national executive of Jet Boating NZ.