When you first start looking into “hands-on” Vendor Advocacy services you’ll see there are two distinct types of Vendor Advocacy fees out there. It’s far better to already have an understanding of Vendor Advocacy fees before you pick up the phone and make your first enquiry.
This article will help you understand Vendor Advocacy fees and what they entail. With a greater understanding of Vendor Advocacy fees, you’ll be able to make a better informed decision rather than solely being swayed by what you hear in the media.
The upshot? You’re more likely to find a better Vendor Advocate in the process!
Have you heard ads on the radio from Vendor Advocacy firms saying their Vendor Advocacy services are ‘free’? Or seen videos making the same claim?
The first thing you simply must know is don’t be duped by these claims. There’s no such thing as a free lunch!
Any Vendor Advocacy firm who claims their Vendor Advocacy services are ‘free’ should set alarm bells ringing.
These Vendor Advocacy firms share up-to 50% of the Real Estate Agent’s commission.
And the sheer reality is you’re paying double, for unqualified and outdated advice.
Furthermore, when a Vendor Advocate is receiving 50% of the Real Estate Agent’s commission, there’s no incentive to negotiate that commission fee down. In fact it’s the opposite! The bigger the commission the more they both get.
These type of Vendor Advocacy firms (often the ones you hear regularly on the radio) bring little real value to the table.
As they’re mainly made up of retired &/or unsuccessful Real Estate Agents.
Quite simply, the very best Real Estate Agents will not work under a 50/50 split of their commission.
Therefore these Vendor Advocacy firms only align themselves with Real Estate Agents who are prepared to work under this type of arrangement.
Fee for Service
Vendor Marketing is different. We are one of the very few Vendor Advocacy firms with a ‘Fee For Service’ model. Based on our expertise and knowledge that we bring to the table.
Our clear and distinct point of difference is that we are independent experts in BOTH Property Marketing & Real Estate Agent selection.
As these are the two KEY main areas that incur fees when appointing a Real Estate Agent we are able to independently and strategically negotiate both the Real Estate Agent’s commission and trim back and enhance the marketing schedule.
Therefore it’s our independent experience and strategic knowledge that sets Vendor Marketing apart from the rest.
Vendor Marketing’s ‘Fee For Service’ model is cost-neutral to our clients.
As we specialize in BOTH Property Marketing & Real Estate Agent selection which saves our client(s) time, stress & money with selecting the right marketing schedule and negotiating the agent’s commissions.
Plus we add further value to the marketing strategy by producing 2 detailed Social Media campaigns for each client’s property.
More importantly, it’s our overall strategic approach that ensures that our client(s) maximise their sale price!
110% independent advice
Independent and impartial advice is crucial when you’re selling your property.
There’s no point in paying Vendor Advocacy fees if your property is just going to get a cookie-cutter process from a large volume vendor advocacy firm. It’s the last thing you want.
Each property is uniquely different and therefore requires a strategic approach to maximize its particular sale price.
Vendor Advocacy services only
If a Vendor Advocacy firm also offers a Buyer Advocacy service or vice versa, there is a potential conflict of interest … in other words who’s side is it that they’re really on?
Vendor Marketing only provides Vendor Advocacy services.
We only represent property sellers (Vendors). Therefore our advice is unhindered by any other influence.
So, where do you start when thinking about a Vendor Advocate?
• Do your homework on their Vendor Advocacy fees.
• It’s the best place for a property seller to begin.
• The rewards are there for those who plan carefully!
Vendor Marketing – Melbourne’s most qualified vendor advocates, specialises in both property marketing and real estate agent selection for property sellers within Melbourne, therefore we can assist you maximise the sale price of your property.
Enter your details below to download our FREE Essential Property Selling Guide and learn our 4 steps to success!
1. Real Estate Agent Selection – how we choose the best selling agent for your property
2. Accurate Price Quoting – why is getting this right so important
3. Making The Most Of Presentation – how to best present your property
4. Effective Property Marketing – how we create a winning property marketing strategy
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