If Selling A Contract, Is it ok to List with more than one agency?

[Dawn68PA]

I've had a contract for sale for a little while now and wondered if listing it somewhere else might give it more of a chance. Has anyone done this and is it ok to do?

 

[Dean]

Some companies do non exclusive listings and some do exclusive. Check your contract with the broker to see. Many of them also co-broker listings such that listing with one is almost like listing with several. If you have a contract that's not an albatross (very stripped, low demand resort, price too high or large contract) you may just want to pull it and place it with someone else.

 

[Dawn68PA]

Thank you, I was trying to determine whether I wanted to move it, or list it in 2 different locales. It's a good SSR contract, 153 of 160 points for next year are there. I'll keep it before I take a loss on it but would rather sell it as we don't need that many points.

Thanks!

 

[Dean]

Thank you, I was trying to determine whether I wanted to move it, or list it in 2 different locales. It's a good SSR contract, 153 of 160 points for next year are there. I'll keep it before I take a loss on it but would rather sell it as we don't need that many points.

Thanks!

I assume you're willing to sell in the $75-80 range, if so, I'm surprised you haven't reached an agreeet as well.

 

[DougEMG]

Some of the brokers allow shared listing and I have done it in the past and would definitely look at going that way if I ever was to sell another contract. The more eyes seeing your contract the better.

 

[icydog]

Some companies do non exclusive listings and some do exclusive. Check your contract with the broker to see. Many of them also co-broker listings such that listing with one is almost like listing with several. If you have a contract that's not an albatross (very stripped, low demand resort, price too high or large contract) you may just want to pull it and place it with someone else.

One agency I dealt with in the past for a sale used an exclusive contract with her sellers. I didn't like that so I never sold anything through her company.

The Timeshare Store and **********.com both allowed me to list simultaneously. This worked out great since the first one to get my price-- was the one who got the deal. Both companies are also extremely easy to work with toward the goal of selling my points.

 

[Dean]

One agency I dealt with in the past for a sale used an exclusive contract with her sellers. I didn't like that so I never sold anything through her company.

The Timeshare Store and **********.com both allowed me to list simultaneously. This worked out great since the first one to get my price-- was the one who got the deal. Both companies are also extremely easy to work with toward the goal of selling my points.

If you have a good company that gets sufficient exposure, it really shouldn't matter. Likely the only time it's really important is if there's a chance you might sell it on your own. There was at least one instance with one of those companies where there was a question that they "magically" found a buyer when they were notified of a sale elsewhere. If one works with a company that coworkers, you'll get more exposure than with just the one but it may or may not be as much as a different even single option. Personally I think multiple listings is more hassle than it's worth. The instances I'd think it reasonable is where I mentioned one might sell it themselves or if they have it listed on place and aren't sure it's working out, they might list it somewhere else as well if they have the option.

 

[gharter]

Personally not a fan of this idea. We submitted a full price offer on a contract only to find it had been sold already by another broker. Good for the seller, sucks for the buyer.

 

[Dean]

Personally not a fan of this idea. We submitted a full price offer on a contract only to find it had been sold already by another broker. Good for the seller, sucks for the buyer.

It could just as easily been sold by the same broker. In this case it sounds like the broker you were working with knew it was sold already. One of the responsibilities when you dual list is to notify the other locations. If you don't you may be liable for certain costs.

 

[gharter]

We submitted the offer and were contacted by the broker that he would contact the seller. He called later that day after talking to the seller and found out that it had been sold by another broker. At least thats his story. The way it played out, I have no reason to doubt him.

 

[Dean]

We submitted the offer and were contacted by the broker that he would contact the seller. He called later that day after talking to the seller and found out that it had been sold by another broker. At least thats his story. The way it played out, I have no reason to doubt him.

There are lots of possibilities including that the company could have been notified but the info hadn't made it through to everyone. It's even possible it was listed on another site and co-brokered from there to the site in question.

 

[gharter]

In the end, it doesn't really matter. That contract is gone, and we are off looking for a new one. Maybe we'll find something even better.

 

[Dawn68PA]

I contacted the broker I'm currently using and he said they have no exclusivity clause so I can list with another agency. The main thing is when I sell it, I have to notify the 2nd agency immediately so they remove the listing from their site. I haven't done this yet but will do so in 2 weeks if it doesn't sell with my current agency.

 

[jekjones1558]

In the end, it doesn't really matter. That contract is gone, and we are off looking for a new one. Maybe we'll find something even better.

Great attitude. Good luck!