You do not have to make use of the services of an Estate Agent, my recommendation is that you should seriously consider using an Estate Agent as the Sale of an Immovable Property involves Complex Transactions that requires Special Skills and Knowledge. The help of an experienced and qualified Estate...Read more »
A Visitors Register is extremely important, irrespective if your house is sold on an Open Mandate or on a Sole Mandate. A properly kept Visitors Register will give you a list of the Estate Agents that has worked on your house and also lists the potential Purchasers that has visited...Read more »
Statistics has shown that the property market has grown extensively over the last year and that from November 2003 to November 2004 the selling prices of property has increased by 33.5%, due to the increased demand for property.If this trend continues and many market annalists believe that it will, then...Read more »
The Estate Agent must ensure that all the Suspensive Conditions as listed in the Agreement of Sale are fulfilled properly and timorously.Firstly you should obtain from your Estate Agent within a reasonable period of time a Copy of the Agreement of Sale that you have signed.Secondly your Estate Agent should...Read more »
If I want to determine the Value of my Property before I sell it should I get an Estate Agent to give me a Valuation of my Property?
It is always best to obtain a professional valuation from a qualified valuator, your Estate Agent should be able to provide you with the details of a good valuator. To obtain such a valuation can however become costly. My recommendation is to personally investigate the value of property that is...Read more »
The EAAB regulates the Estate Agency Industry by licensing practitioners. The law under which the Board operates requires that practitioners must meet certain minimum standards in order to become Licensed and thereby the Board prohibits unethical Conduct in the practice of Estate Agency.The Board achieves regulation through 1. Preventing unsuitable...Read more »
The EAAB does not prescribe a set commission structure for Estate Agents, commission can be negotiated on an individual basis between the Seller and the Estate Agency Firm. You will find that most of the established and reasonable Agents are prepared to negotiate a commission structure.Please guard against agents promising...Read more »
It is important to know that a mandate is given to an Estate Agent when he is asked by a seller to sell a particular property and he has accepted the instruction. In terms of the EAAB Code of Conduct a Sole Mandate has to be in writing.If a Seller...Read more »
Who does an Estate Agent work for, does he represent me as the Seller or does he represent the Buyers?
It is a common mistake made by clients thinking that an Estate Agent represents the Buyers or Purchasers of a property. The mistake is generally made because of the manner that Estate Agents present themselves to a Seller.Estate Agents are always employed by the Sellers of a property and has...Read more »
The most important thing is to choose the right Estate Agent and to always remember that the Estate Agent works for you and he can only act on your instructions or on the mandate that you give him.An Estate Agent must be licensed with The Estate Agency Affairs Board (EAAB),...Read more »