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The Home Buyer
The Estate Agent
In the Republic of South Africa it is a known fact that all Real Estate Agents operating should be registered with the IEASA; Institute of Estate Agents of South Africa. This body was established in 1937 and has grown over the years. The IEASA provide the necessary training to its people so when dealing with a qualified agent you can be assured of the best possible service. These people are registered as a member of the institute and will therefore be able to assist you with all the expected support concerned with the dealings in property.
Very few owners of property these days will try and do the selling or renting of such property as a private venture. There are a lot of legalities to be considered and that alone can be time consuming, if you do not deal with this sort of thing on a daily basis. The Estate Agents has got all these finer details on their fingertips. They have for example the advertising space in local news papers and lately they distribute their very own property news papers. Their advertising has of course gone much further with the downing of the electronic medium. The internet and television adverts are playing a huge part in their success.
The Estate Agent
Private Property Sales
Private property sales are a way of selling your property without the help of the Estate Agent and in doing so you can save yourself quite a bit of money in agent’s commission. You can, if you so wish ask for the support of a well established team of professionals, who will help you in your endeavour. Once you have started and got to the right people for assistance, you will find that it is really not as difficult as it seem from a distance.
Property to Rent
With the recent boom in house prices we experienced in South Africa over the last decade the private property owners, the estate agents and those lucky enough to get into the rush early, really made a killing in the property market. For many, the property boom came as a total surprise and now that it is over, or shall we say struggling to survive, some still wonder how it actually happened. As a matter of fact, the property price boom was the aftermath of historically low interest rates lasting over an extended period. Presently it is estimated that property in South Africa and for that matter, worldwide are highly overvalued.
Although it is not expected that property prices will decrease at the same rate as it has increased a few years ago, the markets are waiting with bathed breath to see what the outcome of this quite period we are presently experiencing is going to be. Many a property owner was caught unawares during the cooling off period and the big conglomerates as well as the single home owner are presently facing difficult times. After the cooling down of the over inflated prices of property that reached its peak in 1989, property prices over a wide spectrum are falling across South Africa and the world.
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