I am selling my house. What should I look out for when I choose an estate agent?
Adrian Goslett, CEO of RE/MAX of Southern Africa, gives this advice for property buyers to consider:
For many, the search for the perfect property was over within days, with a quarter saying they spent a week or less looking at houses before settling on one. Credit: AP
The key to any property investment in any market is to do the necessary research and never invest in something that you don’t fully understand.
Goslett notes that in order to get the most out of a property investment, buyers should look at all aspects, such as location and possible additional costs they could incur if they want to renovate the property. They should also investigate the maintenance costs.
An experienced, reputable real estate agent with working knowledge of an area will be the best person to seek advice from regarding purchasing property in the suburb.
The internet can be a remarkable tool for property buyers to search for property in various areas without having to leave the comfort of their own home or office.
There is a large amount of information on almost every town or city online, which includes types of properties and pricing. Using the internet and property search portals will save the buyer precious amounts of time and money.
But be aware it’s necessary to check that the internet sites you use have credibility. There is no editing of material out there, so go for sites that are associated with a professional, contactable body.
Buyers will need to base their choices on figures that they know, rather than feelings they may have regarding a certain investment. He notes that not everyone sees things in the same way. “While it might be important for you to have a view, there is no guarantee that prospective buyers will value it as highly as you do when you resell the house,” he says.
Property buyers should ask sellers their reason for selling the property, as this will give the buyer an indication as to how eager the seller is to move.
A house is an expensive investment with great potential for building wealth if undertaken correctly, so getting the truth now can save you a lot of money in the future.
Goslett says that this is why it is important for property buyers to work with people they can trust. - Saturday Star