When you find yourself in the market for selling your home or buying a new house, you will need the services of an estate agent. Deciding on an estate agent may sound like a daunting task, but in fact it is quite simple.
There are a few simple steps to follow to make sure you get the best estate agent required to assist with your transaction.
In South Africa there are mainly two types of estate agents: large companies who deal with a leasing and selling of property and smaller private businesses, usually family businesses. Neither of these two types is better than the other. Each one is unique and offers unique benefits and strengths. You just need to know what your needs are when choosing an estate agent.
The first thing you need to consider when selling or buying property is location. Not wanting to sound like a cliche, what location actually mean is that certain estate agents only operates in certain areas. They specialize in that area which is a good thing. It results in extensive knowledge regarding the area, pricing of houses on average and amenities in the area.
After you have decided on a location, you need to establish the price range in which you are interested. Take into consideration the commission payable to the estate agent. Another cost you need to consider, is lawyer fees to handle the transfer of the property to you and register the deed of the house to you.
Now you have to decide on an estate agent. To help with this decision, you need to do research on the agents and know the benefits and negative aspects of both types of agents.
South Africa has many estate agency companies with branches country wide. Large companies will specialize in larger areas. Regardless what location you are set on, chances are very good that those companies will have property available in your chosen area. The commission structure may also be more competitive as there is a wider selection of property to be sold and greater chance of for the agents to achieve their monthly targets.
You may even be lucky to find a company where you deal with the company and now agents are involved which means no agent's commission is charged. In South Africa, there are websites where you can privately buy and sell property. The buyer deals directly with the seller and no additional costs are charged on the sale. In this instance, the website will act as the estate agent and will ask a small fee for the privilege of listing your property.
Smaller estate agents have the advantage of working only in certain areas and therefore specializing in the suburbs the advertise it. They need to be good judges of human character and understand the needs of their clients. You need to give the agent an idea of what your requirements are and they will be able to recommend other properties. Commission fees may apply, but the personal attention you receive from the agent will make it worth your time and money.