Selling your home, your major financial asset, can be overwhelming and very emotional. You need to be properly acquainted with the listing and selling process.
The Listing Process
Listings of your property needs to be as eye-catching and appealing as possible to attract the attention of the interested buyers.
Here is the process:
The selected Real Estate Agent should:
Also the selected Real Estate Agent should:
Then the selected Real Estate Agent should:
The Selling Process
This is a rather complex process which can be made easier, smoother and hassle-free, with the right Real Estate Agent to guide you. So, deciding on the right Real Estate Agent should be the first step in this process and handled carefully and with thorough research.
Choosing a Real Estate Agent
With the right Real Estate Agent, the selling of your home can be a smooth and hassle-free experience. So, do your research carefully:
Valuation and Right Pricing
It is important that the right price be determined for your property and according to the current market. If it is priced too high, then the property may stand still on the market. Be sure to explore the current market yourself and research what other similar homes in your street or suburb are selling for. This way you will be better prepared to accept and acknowledge the valuation given by your selected Real Estate Agent.
Compliance Certificates
It is a legal requirement that the following compliance certificates must be supplied by the home owner when selling: electrical, gas, electric fence. These need to be issued by registered and qualified professionals in their field. However, any essential repairs will be for the seller's cost.
Viewings and Show Days
Viewings and show days are the best ways to display and market your property to attract the right buyer. As appearances count, the property needs to look at its best; be crisp and clean, neat and tidy inside and out, without visible clutter, and be light and airy and smell fresh and mildly aromatic. If necessary, spend a little money fixing any obvious detractions such as chipped tiles, empty garden beds. One always hopes that this "home-staging" will find the right buyer who will put in an Offer to Purchase.
Finalising the Sale
When you feel that you have found the right buyer and have accepted and signed the Offer to Purchase, this becomes a binding contract and is known as the Sale Agreement.
The Real Estate Agent will coordinate the entire sale process, which usually takes about 3 months, with you and which in simple terms is as follows:
Conditions of sale are conditions which may be inserted into the Offer to Purchase by either, or both, the Buyer and Seller such as: subject to finance and bond approval, subject to a sale of another property. For more details, follow this link:
https://www.property24.com/property101/buyers-guide/whats-in-an-offer-to-purchase/15306
When all these conditions of sale have been actioned, the Sale Agreement is sent to a conveyancing attorney who will:
You will have to provide the conveyancing attorney with:
The Deeds Office will:
Then, you will be paid the agreed purchase price, less the agent's commission.
For more information on this process, follow this link: https://www.privateproperty.co.za/advice/property/articles/the-process-of-transferring-a-property/586
Property Handover
Before the scheduled handover appointment, ensure that the house and garden are both clean and cleared of all debris, the lawn is mowed and that the pool is clean and in a good condition. The Real Estate Agent must be present to co-ordinate the handover to avoid any issues. Take both the purchaser and The Real Estate Agent around the property and show them how everything functions, that all fixtures remain in place and give the purchaser all the keys and remotes and all duplicates.
This ends the Sales Process. However, the professional Real Estate Agent should retain contact with both the purchaser and seller for a few months in order to attend to any post-sale issues. Even a random telephone call will give credence to his/her after-sales service and his/her reputation.
To contact us, follow the link: https://www.homesofdistinction.co.za/
To contact one of our Real Estate Agents, follow the link: https://www.homesofdistinction.co.za/agents/
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