Estate agents have access to information, listings, and platforms that the general public may not have. There are some platforms which you may not be able to advertise on because you do not meet specific conditions for example in Botswana the Real Estate Institute of Botswana under section 36(1) of the act provides that a person who is not a registered professional under the act shall not use or display any signboard, card or other device representing or implying that he is a registered professional. This may limit the visibility of your property which may, in turn, affect potential offers you would receive because an estate agent would be able to use all marketing strategies and their professional expertise to effectively market your property.
An estate agent is an individual or business that arranges the selling, renting or management of properties and other buildings. Agents have good negotiation skills. It’s their job to get the best possible purchase price for your property or to get the possible deal on the property you wish to buy. They know what works and what does not.
In order for a property transaction to take place it requires skills and knowledge of specialised laws and regulations, and the paper works that goes into it is definitely not child’s play and needs to be carried through professionally. The estate agent helps you go through all the information in various documents that are involved in property transactions by making sure that you understand them before you sign. This is vital as you will be legally bound by these agreements once you have inked your name on them.
The agent can also check whether the transaction is legitimate for instance, by confirming the ownership of the property and verifying the property details or checking the buyer’s eligibility to purchase the property e.g by requiring KYC documents from the buyer to avoid cases of money laundering.
If you are seller, one of the primary roles of a property agent is to provide advice on how to sell your home for the highest possible price in the shortest time or at a fair price determined by the valuation report. An agent can help you by providing all the relevant facts and figures to help you set a realistic price range for your property by using a comparative method (similar properties in the neighbourhood.
Agent can shortlist properties that fit your criteria and coordinate viewings for saving your precious time. If you are a seller an agent can help take visually appealing photos, create videos to market your home and use them in various platforms to reach out prospective buyers.
It’s important to note that only registered estate agents are legally allowed to handle property transactions. A person who contravenes section 36 (1) commits an offence and is liable to a fine not exceeding P50,000 or to imprisonment for a term not exceeding three years, or to both.
We can help you sell, buy, rent, or lease out property as well as provide a variety of property services. Get in touch with one of our Tempest Gold Real Estate Institute of Botswana registered agents on 72196950/71920843 or email us at firstname.lastname@example.org for enquiries on all our property services.