Commercial Property, Get action to implement your Marketing plan
Sunday, June 29th, 2008The marketing plan is implemented by executing all those activities that you decided upon to locate and inform buyers and to create and stimulate a demand for the property.
In order to implement your marketing plan successfully it will be necessary to create an adequate feedback system for the capture and recording of the following information:
Direct […]
Implement Marketing Sale Plan
Sunday, June 15th, 2008marketing, online-auction, liquidation, property, Quotes, credit, loan, mortgage
Services can be provided by your firm and your method of marketing properties just like what I did continue…
Thursday, June 12th, 2008industrial
If you are the real estate agent, how to assist the Buyer to Obtain the Finance
Friday, June 6th, 2008property, loan, refinance, mortgage, mortagage, debt
Selling Homebuilding Contracts
Monday, March 31st, 2008Much of the content of this post has to do with the sale of so-called “second-hand houses” or the sale of existing housing accommodation.
Many prospective homeowners however have specific needs which they feel cannot be met in the real estate arena and thus turn to a homebuilder to create their “dream home“. Most homebuilders sell […]
Exchange control
Monday, March 17th, 2008The Financial Rand is a non-resident investment currency derived from:
The local sale proceeds of South African assets owned by persons resident outside the Republic, and
Funds so designated by the Treasury or a person authorized by the Treasury. Financial Rand may only be traded in by a non-resident of the Republic.
Commercial Rand is legal tender used […]
The Facts about estate agent
Wednesday, March 5th, 2008Briefly, the Estate Agents Act defines an estate agent as any person who holds himself out as a person who, or advertises that he buys and sells or lets and hires immovable property, an interest in immovable property or a business undertaking on behalf of or on the instruction of someone else for gain.
The impact […]
How to get paid
Wednesday, March 5th, 2008An estate agent should always discuss the payment of commission fully with the principal and should confirm in writing as much detail as possible of any right to commission on a particular transaction, so as to avoid any misunderstanding. In the total absence of any agreement on the amount of the commission, the amount must […]
Interesting decisions
Wednesday, March 5th, 2008The purchaser’s ability to pay is assessed at the moment of the signing of the contract. The fact that financial misfortune subsequently diminishes or destroys the ability to pay is irrelevant.
A contract subject to a resolutive condition is binding on signature by the parties and the agent is entitled to commission.
A contract which can be […]
For what period of time should a sole authority contract extend?
Monday, March 3rd, 2008Many sellers unfortunately—frequently aided and abetted by some estate agents—believe that their property is worth far more than its fair market value. Common sense, consequently, dictates that it is useless to take on a property under a Sole Authority contract for a short period when:
there is no urgent commitment to sell;
a comparative market analysis (CMA) […]
Using Standard Building Contracts part 2
Sunday, March 2nd, 20084. JBCC Principal agreement
Two model agreements are issued, one with bills of quantities and one without bills of quantities, the so-called lump sum agreement. In the domestic market, the lump sum agreement is more popular. The material difference between the two agreements is the method of measurement. One includes a bill of quantities, which is […]
Using Standard Building Contracts part 1
Sunday, March 2nd, 2008A building contract is an agreement between two parties. The one party, usually referred to as the contractor, agrees to erect a building. The other party, usually referred to as the employer (Afr. bouheer), agrees to pay for the building. In theory, quite simple—in practice, often a frustrating exercise. The two contracting parties are the […]
The Matrimonial Property Act part 3
Saturday, March 1st, 2008The accrual system
The basis of the accrual system is the principle that spouses should share that which is acquired by their combined effort during their marriage.
It is important, from an estate agent’s point of view, to understand the accrual system. Every marriage entered into since November 1, 1984, in terms of an Antenuptial Contract […]
Housing Development Schemes for Retired Persons Part 3
Friday, February 29th, 2008Saleof housing interests in schemes not yet completed
The Housing Development Schemes for Retired Persons Act does not prohibit the sale of housing interests in schemes which have not yet been completed. In principle, therefore, housing interests can be sold ‘off the plans’. However, if a scheme is based on sectional titles and the building has […]
Working with a Buyer’s Agent
Tuesday, February 12th, 2008Find a real estate agent with whom you are comfortable and work with him or her in an exclusive buyer agreement. That way your agent can work in your best interests. It is far better to have a single, dedicated person working for you than a poorly-motivated group, no matter how many are in it […]
There Is No “Right” Price
Monday, February 11th, 2008Buying and selling real estate isn’t like retail. You don’t, and you shouldn’t, walk into the real estate “store,” look down the shelves, select your product, and pay the cashier the amount on the sticker. Real estate isn’t really like buying a car either. Certainly, you negotiate with your car salesperson, but the car you […]
Elements of a Residential Property Contract
Sunday, February 10th, 2008A contract is an agreement among competent parties to do or to refrain from doing certain things that are under consideration between the two parties. For example, buyer Smith contracts with seller Jones to purchase his property for a specific amount of money. Jones may be required by the contract to certain specifications, such as […]
Independent Contractor/Employee Contracts
Sunday, February 3rd, 2008Sometimes landlords and property managers try to turn employees into independent contractors to avoid paying taxes. This is unwise and can result in significantly costly penalties. No matter how you structure your agreement, an employee is an employee, and an independent contractor is an independent contractor. If the situation is in a “gray area,” how […]
Date of Possession
Thursday, January 31st, 2008The date is a negotiable item.
This section notes the specific date the new owner will legally take possession of this property. The date is a negotiable item. Generally the buyer takes possession when the deed transfers and money has been paid to the seller. In some rare cases a buyer can take possession before the […]
Breaking a Contract
Wednesday, January 30th, 2008No one enters a contract with the idea of not going through with it, but there are times when you may be faced with making that decision. It’s a good idea to know the positive and negative consequences of such a decision before that time arrives.
If You Are the Buyer
Consider a quote from Joseph Joubert, […]
