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Using an estate agent: instructions for use

Whether it is to sell or acquire a property, calling on a real estate agent can save you a lot of trouble.
This professional will act as an intermediary in your property project and should be chosen with care.

The mandate

An estate agent is a mandated agent: the owner of a property gives him or her a mandate, which is a written document specifying the price and conditions under which it has been agreed to sell.

The mandate can be simple or exclusive:

  • Simple mandate: allows the property to be offered in different real estate agencies and even to be sold by its owner
  •  Exclusive mandate: refers to a real estate agent handling the sale alone.
    When promoting the property, the exclusive mandate allows the real estate agent to publish as much information as possible to potential buyers in the advertisement, such as the address of the property or photos of the exterior of the property.

To know more The more information there is in a property advertisement, the more attention it demands from buyers. Indeed, they will be able to locate the property exactly, take an interest in its neighbourhood, the services available nearby... your property will have a better chance of being sold more quickly.

  • The research mandate: The research mandate is the only document that legally allows the real estate agent to prospect on behalf of the buyer, and is therefore signed by the owner and the agent(s) appointed for the sale.

Rental management

You can also use an estate agent to rent/manage a property:
No time, no desire, no skills! There are many reasons why you might want to entrust the rental management of your property to a professional. Here too, an estate agent can take care of it. To do this, it is imperative to sign a management mandate.

The estimate

Finally, the real estate agent is the person you need to have a property appraised: Appraising a property can quickly turn into a financial headache: how to value the balcony or terrace, and the kitchen renovation work, should the proximity of shops be taken into account? How much should soundproofing be valued? etc. Your real estate agent can take care of the valuation of your property!

To find an estate agent on atHome.lu 

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Written by

atHome

Posted on

22 August 2018

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