Usefull Subjects on Buying or Selling a Property

Advices for Cooperation with Real Estate Agents - Loupassis S.A.

WHAT YOU MUST BE CAREFUL OF WHEN CHOOSING A REAL ESTATE AGENCY

	Be careful with property ads that do not state the name of the company but only a first name, or the expression “real estate agent” and a cell phone number. Be careful when the ad says that it is by a company, without giving its proper title – all official real estate companies are registered either as “S.A.” or “Limited”. The danger is that many of those “companies” don’t really exist, and the client believes that he is dealing with a serious company.
	Never pay deposits or fees for properties to be shown to you! Never pay deposits or fees for the presentation or the advertisement of a property you give the order to sell or let out!
	The payment of the fee of the Real Estate Agent is due on undersigning of the final contract. The only exception is when a pre-contract is being signed – the Agent has the right to ask for half of the agreed commission. If you want to sell a property, always make a written agreement with the agency. The order should include the full details of the property, the owner, and the agreement about the fees to be paid. Cooperate only with Real Estate Agencies with a registered company seat (their office). You can check the details you were given with the local Realtors Associations or the Chamber of Commerce. Never sign more than one exclusive sales order for the same property.
	The Real Estate Agent is responsible for the presentation and the negotiation of the property, for technical and legal advice there are architects and lawyers! The business of the Real Estate Agent is solemnly to deal with property (sales, rentals, valuations, research)

If you need more detailed information or have further questions, please contact LOUPASSIS S.A. (click)