Selling a house is a very difficult job. You want to sell your home as quickly as possible and at its full value. You must also be aware of local laws and how they affect your sale.
This involves a lot of time, effort, and patience, as well as specialized skills and knowledge. That is why most people turn to a Real Estate Agent for help.
When you sell your home, the Real Estate Agent will work for you as a client. You sign a contract with the agent, called a listing contract. The agent then works for you and receives an agreed commission when the house is sold.
In a seller/client relationship, the agent guides you throughout the real estate transaction, providing information on such issues as pricing your home, which purchase offers are fair, and how to structure a purchase contract to your advantage. It is the business of the Real Estate Agent to help you sell your home with minimum delay and to help you realize every dollar it is worth.
Although the Real Estate Agent works for you and owes you additional services, the Real Estate Agent must also treat his or her buyer customers fairly. The buyer is generally the customer. There is no contract between the buyer and the Real Estate Agent.
Today, however, many home buyers use a buyer's agent – a specialized Real Estate Agent who is the property buyer's client and works for the interests of the buyer. This makes it even more important for you to have an expert on your side looking out for your best interests.
At Premium Realty we offer an experienced team made up of reputable and experienced Notary and Lawyer advisors, experts formerly from the government land department, combined with local and international knowledge of real estate and global reach as well. This allows us to advise you professionally and attend to your needs with proper legal procedures.
Note that when you buy or sell your property the buyer can appoint any notary they wish. You are not obliged to use the agent's or seller's recommended notary.
For example, typically the notary makes and commission for the paperwork, and the government tax and other fees will be calculated as follows:
House Price : Euro350,000.00
Notary fees : 3,500
(aka Trades Tax, in this case we take for example 1% of sale price as it is large, may vary to 2% or so if the sale value is not large, calculated as 1% of 350,000=3,500. We take 3,500/0.85 to get 4,117.65. The difference between this and 3,500 is the trades tax payable)
Trades tax : 617.65 (4,117.65 - 3,500)
Stamp duty : 61,250 (17.5% for non-Seychellois, 5% for Seychellois, in this example we take 17.5% of the sale price)
Total Cost : Euro415,356.65 (excl. 5% estate agent fee if applicable on the sale price. If 5% is added, the commission to the real estate agent is Euro20,768.38, totaling Euro436,125.03)
Note: There is also a registration fee of SR25 per parcel transacted (about Euro 1 dollar per parcel).
Contact us today for available property listings or any enquiries you may have. Using the right agent you can shorten your transaction time, uncertainties and obtain a wider prospect list and so a better price as a whole.