As Estate Agent is a professional who Is registered with the Estate Agents Board (EAAB) ,is in possession of the relevant Fidelity FUND Certificate The estate agent acts on the instructions of a seller to facilitate a sale with a Purchaser.
It is advisable to utilise the services of an Estate agents as they are skilled and experienced in their area of expertise. It also saves you time and money as you will not have to advertise yourself. Agents also screen clients (they check the purchasers affordability and obtain bond pre approval)and arrange show houses.
Firstly, the Estate Agent will inspect your property and give the valuation of your property. This valuation reflects the true market value of the property based on recent sales in the area, municipal value, closeness to amenities like schools, gyms, and shopping malls.
The Estate Agent will also use his database of clients to obtain future buyers. The Agent will then market your property by advertising on the relevant platforms and having show houses.
An experienced Estate Agent will have the ability to successfully negotiate an offer between the Purchaser and Seller and commission is payable to the Estate Agent by the seller.
A skilled Estate Agent will have the ability to determine whether the property they are selling fulfils the needs of the purchaser ie whether the purchaser request a duplex, simplex or free standing property. Security is also of paramount importance to all purchasers.
Should the Seller and Purchaser agree on Purchase Price the agent will draft a purchase and sale agreement and the Conveyancing process will then commence. A Conveyancing Attorney will be approached to attend to the registration of transfer and the Estate Agent will assist the Purchaser with his finances and home loan application
Successfully and expeditiously finalising a sale requires expert knowledge of Current property trends and the Conveyancing and legal process of selling your property.