If you use a real estate agent to sell your home, take care of it to work for you. They sign with them an agency contract which is a legally binding contract and pay them a fee, usually in the form of a commission. Shop for an agent It`s a good idea to talk to at least three real estate agents. Make sure they have a good knowledge of the local environment. Compare their commissions, other expenses, marketing plans and sales balance sheets in your suburb. Since this person works for you, it is important to evaluate them in depth. Make sure they are duly made redundant. Be realistic about the price Don`t just sign up with an agent because they give you the highest estimated selling price. In your environment, pay attention to the sale of similar properties – look at the selling prices to get an idea of the value of your property. It is against the law when a broker misstates the sale price of a property. This can be a dishonest way to influence you, to sign up with them if you think they will bring you a higher price for your home. The cooling-off period can only be cancelled if the agent has given you at least one working day before signing the agency contract with the following documents: A single agency agreement is akin to an exclusivity agreement. You give a broker the rights to sell the property, but you can find a buyer yourself.
If you find a buyer who has not been introduced by the agent, there is no commission to pay to the agent. Before you can market your property, the broker must sign a contract with you called an agency contract. An agency contract is a legally binding contract and it is important that you read and understand it. If you are unsure of the terms of the contract, you should seek legal advice. It is effectively an exclusive agency agreement in which the property is auctioned. The agent must give you information about the auction process. If they don`t give you a sheet called Bidders Guide, you can download one from the Fair Trade website. At an auction, the “stupid” breaks the law.
This means that the auctioneer and/or agent cannot invent commands to drive up the price. The seller of the property has the right to make an offer or make an offer on his behalf. The buyer must indicate when the seller`s offer is made. As soon as you choose an agent, you will sign an agency contract. By law, an agent must give you information about the different types of agreements in order for you to decide what is right for you. Agents must give you a fair trading information sheet called agency agreements. Don`t sign an agency agreement until you understand what it means to you in terms of costs and what the agent is required to do for you. If there`s something you don`t understand, contact Fair Trading or your lawyer. You can terminate an agency contract during a one-day cooling-off period beginning with the date the contract is signed. Do this in writing and keep a copy.
You can personally send the message to the agent, forward it or leave it at the agent`s office or address in the agency agreement, by email or fax. Make sure you keep a copy for your recordings. The agency agreement can be concluded either for an indeterminate period or for a fixed term (“fixed term”).