Selling a Flat
As a salesperson, you need to guide the sellers through the policies and procedures for a smooth resale transaction.
The Council for Estate Agencies has a Prescribed Estate Agency Agreement for the sale, purchase, and lease of residential property.
- This agreement is a contract between you and the sellers, and it seeks to protect both parties’ interests. The terms and conditions of the agreement, such as commission payable, can be negotiated between both parties
- You should explain the Agreement to the sellers fully, and give them enough time to read it thoroughly. Essential information that should be included in the Agreement are the property address, price, dates, names, and commission payable
- If there are any amendments made to the contract, make sure the sellers countersign them. You should also give them a copy of the Agreement which they have signed
Find out how you can assist the sellers with their selling journey.Find out more
Before the sellers can sell their flat, they have to make sure they are eligible to do so. Find out more about the criteria and considerations here.Find out more
The seller should work out their finances using the estimated sale proceeds, and consider the outstanding payments involved.Find out more
Here are the procedures involved in the selling process. It is important for you and the sellers to understand the requirements of each step.Find out more