What does sole mandate mean?

A sole mandate, also known as an exclusive mandate, means you authorise only one estate agent or agency to market your home.

This is in contrast to an open mandate, where multiple agencies are authorised to market your home.

You may think “more is better” but actually, you should be thinking “quality over quantity”. With multiple agencies, their priority is to sell the property before any of the other agencies do. With just one agency marketing it, their priority will be to get the best price.

As for buyers, getting prequalified with ooba Home Loans will assist your dealings with your estate agent, as it will give you both an idea of what you can afford.