7:T53f,

First-time sellers taking advantage of low-interest rates to buy bigger and better homes should know what to expect – and what offers to accept, says Samuel Seeff, chairperson of the Seeff Property Group.

He advises

• Appoint an experienced local agent on a sole mandate so that you deal with only one agent who can provide the best advice for the current market.

Read the latest Property360 digital magazine

below

• If an offer is within an acceptable range of 5% to 10% below the asking price, with minimal conditions, consider it seriously. There is no guarantee of a higher offer.

• If there is more than one offer, the highest price is usually the one you want to go for but be aware of any conditions attached.

• A cash offer with no conditions is always first prize.

• A conditional offer should include a “72-hour clause” to enable you to continue marketing the property until the conditions are fulfilled.

• If you get a direct offer from a buyer or another agent, you must follow the conditions of the mandate. You cannot accept offers that are not provided via your appointed agent as you risk being liable for a double commission claim.

18:T485,First-time sellers taking advantage of low-interest rates to buy bigger and better homes should know what to expect – and what offers to accept, says Samuel Seeff, chairperson of the Seeff Property Group.He advises• Appoint an experienced local agent on a sole mandate so that you deal with only one agent who can provide the best advice for the current market.Read the latest Property360 digital magazinebelow• If an offer is within an acceptable range of 5% to 10% below the asking price, with minimal conditions, consider it seriously. There is no guarantee of a higher offer.• If there is more than one offer, the highest price is usually the one you want to go for but be aware