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Using an Estate Agent
 

Most houses are bought and sold through an Estate Agent. The Estate Agent receives a commission for this service. The seller is responsible for paying this commission. Current commissions are around 7.5% plus VAT but most are willing to negotiate the amount. Make sure this commission is only payable on transfer of the property.

When buying a property, there's no doubt that you will need professional assistance to conclude a successful deal. The vast majority of homeowners still require the services of an estate agent to help them find a suitable home.

As in all industries, there are good and poor estate agents. The majority, however, are highly reputable professionals who aim to do the best job possible. Whilst the Estate Agent technically works for the Seller, a good agent is one that brings value to the Buyer as well as the Seller and can quickly conclude a deal to mutual benefit.

You might be considering an agency on their reputation as an organisation, but it is important to meet with the individual agent who will be responsible for the helping your buy of property before you make your choice. A professional appearance goes without saying, but it is their knowledge of the home buying process and the local market that is really important. You will soon get an idea of the agent's competencies by asking a few key questions, like the length of time they've been in the industry and the law pertaining to property transactions.

  • Determine what level of service the Estate Agent / Agency is offering.
  • The Estate Agent / Agency should have a thorough knowledge of real estate sales transactions, financing, the property market in your area and current interest rates.
  • Choose the estate agent that will best suit/service your needs.
  • All Estate Agents / Agencies advertised on this site comply with the requirements as determined by the Estate Agency Affairs Board (www.eaab.org.za)

At www.sa-properties.com you will re-assured to see the logos of all EAAB registered and reputable Estate Agencies clearly displayed alongside each property. Know that you are dealing with only the best: select your property through our wide range offered and have the peace of mind knowing that you are in good hands of reputable and professional agents and agencies.

Governing bodies for Estate Agents & Agencies in South Africa include:
The Estate Agency Affairs Board of South Africa: www.eaab.org.za
The Institute of Realtors of South Africa: www.ieasa.co.za
Council of Residential Specialists (International): www.crs.com

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