Interactive Directory

The Real Estate Market

The truth about realtors and real estate agents in South Africa

When you are interested in a home for sale in South Africa, you may be wondering about the real estate agents and realtors and how they behave compared to ones where you live. Well, the truth is – the same! The agents you find in every real estate company in any region of South Africa use the same principle as in any other part of the world and when a home is for sale, they will make a commission off of that sale. At the moment the current commission charged for the sale of a house of any kind is about 7.5 %.

This will include all of the transfer fees for the property sale and involves any kind of paperwork or legal matter. This is probably the best way to buy a home in South Africa and will also save you from flying over to view the property. Finding the best real estate agency in this country is not too difficult. They are all professional and well run agencies and mostly give you accurate descriptions and will email you photos of the property for sale on request.

If however you do not want to use an agency, you can search for private property that is for sale by the owner. They will advertise property online and this can work out cheaper, although you will have to take into account the fees for transfers and such separately. Property for sale in South Africa can be used more often than not for rentals. Property for rent is more common for the overseas market as this is a prime holiday destinations. It is also becoming increasingly popular with investors because of the world cup of soccer to be held here in 2010. Now if you decide to go for a private property sale to get your perfect home, then the best way to rent it out is to use a real estate agent for rentals.

This will make your life so much easier and allow you to just sit back and enjoy the profits. Property rentals are in high demand here as many people cannot buy the homes for sale. They are now too expensive even for the high end professionals with the exchange rate difficulties. This is good news for overseas investors. Using a realtor for your property rental will also ensure you of a security for your home and the screening process is handled professionally. You can relax knowing that your tenants are good people will great credit records.

The agents here will also be of service to you whenever you need, and many of them are now used to dealing with the overseas market. You will find willing realtors who will work late some nights so that they are able to communicate with you more effectively. When choosing South Africa as the destination for your next house for sale scouting trip, be sure to take all these things into account.