US FOR CAPE TOWN PROPERTY BUYING AND RELOCATION ASSISTANCE
Town property buying advisors, Sands Home Search, act
exclusively for Cape Town Property Buyers to find and
negotiate the purchase of prime Cape Town property on
the best terms for the buyer.
here to contact us with your Cape Town
property search requirements.
Buying a property in Cape Town represents a significant investment
of time, money and emotion.
Whether you are buying the property as your family home, a weekend
retreat or purely for property speculation, you of course want
to ensure you get the correct property for the correct price
and in the correct location.
The below are useful hints and tips to help you achieve your
Buying a property in Cape Town The correct location
Location, location, location often quoted as the 3 most
important factors to consider when buying a property. Prices
and saleability differ literally from street to street in Cape
Town and getting the right address can mean significant differences
in price, amenities and, importantly, safety.
Take your time to get to know the areas; viewing the area is
as important as viewing the house. Estate agents obviously market
property, not areas, so we recommend using a buyers consultant
to assist you in your property search.
Buying a property in Cape Town The right property
You have chosen the location and are all set to starting viewing
properties for sale. Traditionally internet search, newspapers,
estate agents and show days prove to be the more common methods
used in buying the right property. We recommend your search
is extended beyond this.
With estate agents charging very large selling fees of up to
7.5% + VAT of the sale price,
more and more property owners look to see if they can achieve
a private sale
first, meaning property buyers not accessing private sales can
miss out not just
on quality property but often less expensive due to no agents
Estate agents by the nature of how they are rewarded will always
market their own properties more aggressively. Again the result
can be the buyer not getting to see the full selection or properties
for sale in Cape Town.
Make sure you see as many properties as you need to; it helps
ensure your knowledge levels and expands your choice. An independent
buyer consultant will assist you with this.
Buying a property in Cape Town How to formulate your
offer to purchase
Buying a property in many countries only becomes legally binding
when transfer or exchange of contracts takes place. It is vitally
important to understand that in South Africa buying your property
becomes legally binding when an offer to purchase has been signed
by both parties. In short, it constitutes the terms and conditions
that the purchase will proceed under.
Make sure your solicitor and buyers agent assist you in putting
together the offer to purchase. When spending millions of rands
on a purchase it is best practise to always get a legal opinion.
Buying a property in Cape Town What price to pay
With properties literally next door to each other differing
greatly in price, how do you know what to offer, particularly
if you are unfamiliar with the area? Estate Agents are mandated
to get the best price for the seller so asking them what price,
would seem a somewhat misguided tactic in negotiations.
That often leaves the purchaser to guess work or flicking through
the paper trying to work it out.
Buyers agents have extensive knowledge of the market and
area allowing them to provide you with good knowledge when formulating
a price, They also have access to information on previous houses
sold in the area, what prices they were sold for and the building
Sands Home Search are Cape Towns leading property experts
for assisting in securing property and guiding you through the
property purchasing process.
So how can the buyer be sure they are getting the best possible
advice and price?
Many countries now operate with estate agents and buyers/property
consultants. This approach means professional representation
for both the seller and the buyer.
More and more estate agents in Cape Town now work with buyers
consultants as the buyers seek their own independent expertise.
Whats the main difference between a Cape Town estate
agent and a buyers consultant?
The buyers consultant differs from the estate agent in a number
Buyers consultants do not market properties (as Estate Agents
do) and therefore do not act for the sellers interest
As they are contracted by the buyer, they represent the buyers
best interests and
professionally negotiate the best terms and conditions for the
Estate agents will tend to only show you property that they
have been mandated to sell; this can reduce a prospective buyers
choice. A buyers agent may access all the properties on
the marketplace including off market properties.
Estate agents are obliged to get the best possible terms and
price for their client the seller of the property, consultants
are to get the best possible price and terms for the buyers
often resulting in a reduction on the property price,
meaning the buyer can save considerable amounts of money.
CONTACT US FOR CAPE TOWN PROPERTY BUYING ADVICE TODAY
SOUTH AFRICA TEL: 021 813 6850 or 076 222 7518 (if calling
from outside SA +27 21 813 6859)