The Elephant in the Room
The property podcast for the thinking person.

Episodes

Episode 341: Could a Vendor's Advocate Be Your Real Estate Game-Changer?

Have you ever wondered if there’s a need for vendor advocates or if it’s just another money grab by some players in the real estate industry?

Vendor advocacy is a term you may not have heard before, but it’s a service that’s gaining popularity. A vendor’s advocate is an advisor engaged by a person selling their property to help them choose a selling agent to make the selling process easier. Think of them as an agent whisperer.

In today's episode, we explore how vendors might benefit the most from engaging a vendor’s advocate and discuss the skills and experience these advocates should possess to ensure they’re qualified for the job. We also dive into the necessity of vendor advocates, weighing the genuine need against potential profit motives within the industry.

If you’re considering selling your property, this episode is a must-listen to ensure you have the right support to achieve the best outcome. Tune in now and let’s get started!

Episode Highlights:

00:00 - Introduction

01:41 - What is a vendor’s advocate and how do they work?

09:09 - Do you pay a fee for the vendor’s advocate?

16:32 - After selecting an agent, what else does a vendor’s advocate do?

20:00 - What do vendor’s advocates deem as major deal breakers when looking for an agent?

25:54 - Are there any potential drawbacks or challenges in picking a vendor’s advocate?

29:10 - Real life story of how a vendor's advocate rescued a mismanaged property sale

34:47 - Why should property buyers and sellers seek a trustworthy vendor's advocate?

44:07 - Why is it important to seek professional advice when selling property?

50:12 - Why should potential sellers reach out for vendor advisory advice?

Resources:

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Chris Bates