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What is dual or multiple property listing

blog-image-What is dual or multiple property listing
0 Comments Jan. 11, 2024

Shared ownership dual listing

                   What is dual or multiple property listing

 

The concept of "dual property listing" is not widely used in the UK real estate sector. However, in the broader context of real estate globally, dual listing refers to a scenario where a property is simultaneously listed for sale or rent by multiple real estate agents or agencies.

At 99home, dual listing takes a unique form, specifically involving properties with shared ownership. In this case, the agency has the authorization from housing associations or councils to sell the entire 100% share of the property. The dual listing process is structured as follows:

  • Listing One: This includes details of the shared ownership status, specifying the percentage available for sale, such as 40% or 50%.
  • Listing Two: This is a standard listing where a buyer has the opportunity to purchase the complete 100% share of the property.

The primary advantages of employing dual property listings are as follows:

  • Exposure: Multiple listings enhance the property's visibility, increasing the likelihood of attracting potential buyers.
  • Wider Network: Different real estate agents utilize diverse networks and client bases. Multiple listings broaden the reach to a more extensive pool of potential buyers.
  • Competitive Offers: The presence of multiple listings can foster a competitive environment, motivating buyers to secure the most favorable deal. This applies to both shared ownership and private treaty sales.

Additionally, the decision-making process between a shared ownership sale and a private treaty sale considers factors such as ease of transaction. In cases where both types of buyers exist, a private treaty sale is often favored for its straightforward nature compared to the complexities associated with shared ownership transactions.

What Does dual listing look like? 

 

How much 99home charges for dual property listing?

99home charges a fixed fee of £399 if you have opted for SO DIY or SO Team package, for SO No Sale, No Fee package, which is minimum £999 or 1% + VAT whichever is higher. 

Which portal 99home advertise multiple listings?

99home will market your properties on below portals. 

 

Shared ownership

100% Share sell

99home

Zoopla

PrimeLocation

OnTheMarket

ShareToBuy

Rightmove

99home

Zoopla

PrimeLocation

OnTheMarket

ShareToBuy

 

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