If you’re thinking about buying a home, you may wonder whether you need a real estate agent. There are plenty of resources for home buyers these days, from online search sites to how-to guides. Doing the work yourself can save you the significant commission rates many real estate agents command. But an agent has something no buyer – particularly a first-time buyer – does: a wealth of experience and...
For one reason or another, a buyer may have a myriad of reasons to change real estate agents. One of the reasons that may prompt you to want to change agents could be that they do not promptly respond to inquiries. In addition, you may feel that your agent is not in a position to adequately answer your questions in a satisfactory manner. Remember that your agent services multiple clients and therefore...
Memorandum Of Sale Most people are unfamiliar with the term Memorandum Of Sale or fully appreciate it's importance. This is however; a term you will encounter when buying or selling a house. There exist specific instances where in most likelihood you will be required to obtain a memorandum of sale. These include: If you’re a prospective buyer wanting to submit a mortgage application....
Freehold and Leasehold Real estate agents and solicitors frequently use the terms Freehold and Leasehold. These are terms that one will encounter when their on the hunt for a new property. In this blog piece we will explicitly differentiate between freehold and leasehold properties. Freehold Vs Leasehold: What is the difference? Having a firm grasp of whether a property you intend to buy is freehold or...
What your estate agent should and shouldn’t do The decision to sell a property is not one to be taken lightly. Consultations and deliberations must be undertaken to reach a conclusive decision. Once you’ve decided to put your house on the market the next chronological step is choosing your estate agent. We've endeavoured to show you what your estate agent should and shouldn’t do. Choosing an...
Common Real Estate Myths In general terms a myth can be viewed and defined as “any invented story, idea, or concept.” Myths are born out of misbeliefs, bad information, misconceptions, and a lack of knowledge. Undoubtedly misbeliefs and bad information are a very dangerous combination. Here are some Common Real Estate Myths, in no specific order: All real estate agents are the same Possibly one...
Factors to Consider Before Buying Land As with anything being done for the very first time, buying land can be daunting. This is more true if you’re a first time land buyer. The entire process of buying the right plot can seem unmanageable. There are a few pitfalls involved in land purchase, but they are generally simpler than purchasing property. Not to mention how potentially lucrative land purchase...
Buying Your First Home When do you really think about buying your first home? Do you think about buying your first home straight out of university, or the moment it suddenly dawns on you that the landlord is using your money to pay for his mortgage payment. Too often people rush into home ownership as it is viewed as a sign of financial responsibility and adulthood. However, owning a home is a huge...
Buy, Rent & Sell With Be Forward Real Estate Be Forward Real Estate (BFR) is relatively new to the real estate space in Tanzania but it is already making waves within the industry. An extensive marketing budget that incorporates digital marketing coupled with a strong online presence has catapulted BFR to the forefront of Tanzanian real estate. It is no wonder therefore that many people are opting to...