r/PersonalFinanceZA • u/slingblade1980 • 5h ago

Estate Planning First time home seller advice

Hi all,

I will be a first-time home seller in ZA the home will be sold as part of my mother's estate.

I would like any advice, tips and resources to put myself in as much of an educated position as possible.

I am especially looking for advice on tactics lawyers and real estate agents use to maximise their profits or to otherwise dupe novice sellers. Basically I want to avoid falling victim to any skullduggery.

TIA

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u/Far-Policy5814 5h ago

One trick I have experienced is the Sole mandate. You can only sell through them. Once you sign it you're stuck with them for 90days, 120days in some cases. They then try and force you to accept a lower offer since you can't get out of the deal.

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u/slingblade1980 5h ago

I'm aware of this one. Very very wary of deceptive practices these particular groups of people use to extract gold from novices.