Hi all,
We have an investment property we are thinking of selling next year to buy a PPOR. We are not in a rush to sell, but have been considering engaging agents for an off market campaign. The area is fairly low volume, high priced and mostly suburban homes.
Basically, we would be willing to sell if the agent can get us a buyer that is willing to pay $x amount which is a bit of a stretch price, but we don't want to commit to full advertising and lock in a specific agent (it would have to be non-exclusive). If nothing comes through in the next 12 months, we would go to auction.
Does anyone also have an idea of incentive structures for agent fees? Are they % based or fixed amounts normally?
Does anyone have any experience with this type of strategy? Any thoughts/comments?
Thanks!