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BUYER/SELLER ADVICE

  Buying, Selling or Leasing a Property
  EAAB Guide to Purchase & Sale of Immovable Property
  Should I Take My Home off the Market during the Holidays?
  The Transfer Process
  Things To Do Before You Call A Real Estate Agent
  Things You Think Add Value To Your Home - But Really Don`t
  Ways To Improve Your Home`s Sell-ability
   

 

Buying, Selling or Leasing a Property
Author : Estate Agency Affairs Board  

 Buying, Selling or Leasing a Property

 

 

Q. What is the most important aspect when selling or buying a house?
A.   Common sense. Don't be in a rush. Do your research, always ask for advice and before
      you sign anything make sure you fully  understand all the terms of sale and all the
      relevant details and arrangements.


Q. What is the first thing I should do when buying a house?
A.   Relax! Everyone is eager to buy a new home. Use your common sense and always ask
      for advice from experienced people in property matters.   
      Make sure you check with the bank the amount of the bond you can obtain.

Q. What should I check for when inspecting a house I might buy?
A.   You must check for defects and get expert advice on the cost of any repairs.

Q. What should I consider when buying a new home?
A.   Also consider your future needs.  Check if the property is close to work, hospitals,
      shops, schools etc
      Is the property in a good neighbourhood, with good security and close to main roads? 
      But most important, can you afford it, and what extras must you pay for? Don't forget
      rates, electricity, water, etc.

Q. When do I have to make a payment for the property I wish to buy?
A.   Never make any payments unless you absolutely fully understand all the documentation,
      and have fully inspected the property. When you pay a deposit make sure you get a
      proper receipt from the estate agent who must keep your payment in trust until
      registration of transfer. The balance of the purchase price usually comes from the loan
      granted by a bank.

Q. What should I do if I would rather lease a property?
A.   Since you will have to pay rent, make sure that you can afford the monthly rent and
      other costs.  Never sign a lease unless the lease document has been thoroughly
      explained to you.


 

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