One of the most prized assets we know is property in South Africa - most owners decide to sell their properties independently. If there's one asset that one is financially invested in is property. Selling a house privately may include a few more complications than when an estate agent is involved. Without an estate agency, you will have to:
Pricing the property includes the location and the state of the market - some areas are very expensive, while others are not so much. Choosing an estate agent helps when it comes to pricing the house - they have knowledge of the market and their experience in pricing homes can come in handy - you may undervalue or overvalue your property without proper knowledge.
However, should you decide to price it yourself, here's what you need to know:
You must know about marketing, especially the online market route - the industry is slowly headed there. Find the most appropriate sites to sell your property, there are free property listing sites and paid sites both of which can work in your favor. You need to include the most attractive images of the property to make a sale. Home stagings are necessary to attract potential buyers - every day someone is looking to purchase a property.
Selling on your own will require you to deal directly with the buyers, this includes negotiating the prices, discussing the home effects, scanning the offer to purchase for relevant clauses, including finding out if the buyer will be taking a home loan - and/or if you are relying on the sale of another property to fund the purchase.
Finally, to legally transfer your property to the new owner, you'll need the participation of lawyers and the Deeds Office. On average it takes 69 working days for the bond to be registered in the buyer's name.
Normally, Estate agents have relationships with attorneys entrusted with this process. When selling on your own, you will have to appoint a lawyer yourself.
Welcome!