Question 1

What are our pricing options

Accepted Answer

We are a low commission company and our commission works as follows:
On an Exclusive mandate our fees work as follows..
1.            Properties under R 1 million, we charge a flat fee of R 24 999 Excl VAT
2.            Properties over R 1 million we charge 2.5 % commission
On an Open mandate our fees work as follows..
1.            Properties under R 1 million, we charge a flat fee of R 29 999 Excl VAT
2.            Properties over R 1 million we charge 3 % commission

Lowcom Expert - Full Service conventional option
4% Excl VAT- Lowcom Expert ( Full professional real estate Service ) where our agents do the viewings.

Question 2

How is it possible to charge so little commission and still compete in the market ?

Accepted Answer

We do everything a conventional agency would do, which includes professional photography , advertising on all the top property portals, with qualified registered agents looking after the process. The only difference is that we don’t attend the viewings which allows us to book a lot more viewings each day for many properties this actually gets more buyers through each of our properties which in turn actually gives sellers a better service and a quicker sale.

Question 3

Why choose a low commission agency

Accepted Answer

The answer is simple - to try maximise your return when selling your property and not having to pay exorbitant commission fees. The economic climate is always changing the cost of living is a lot higher these days, we are merely offering the same service and expertise to get the job done right and save the seller from paying high fees.

Question 4

Will we clear more if I use a low commission agency opposed to a conventional agency.

Accepted Answer

The answer is yes, as each property has a market value and it doesn’t matter which agency you use the market value will remain the same. The only difference is that you will pay a considerable lesser amount in agent's commission when you sell through us.

Question 5

Why is it important to valuate the property correctly

Accepted Answer

Because at the end of the day every property has a market value based on what buyers are prepared to spend in an area or complex. Remember buyers look at many properties before making a decision and in doing that they are very well informed of what the values are before making a decision. So when it comes to advertising the property buyers need to be attracted to the ad and the pricing needs to be inline with current market values.

Question 6

Can Lowcom offer conventional Estate Agents services at low commission

Accepted Answer

Yes we can offer sellers the conventional estate agents service should they prefer, whereas we will take buyers to the property and offer the full service. This service is available in certain areas where there is a dedicated broker. You may contact us to get more information regarding the conventional agent service.

Question 7

Do I need to sign an exclusive mandate

Accepted Answer

No you dont need to sign an exclusive mandate but we do reccomend that you do.
In order to do a thorough marketing campaign on your property and to get the job done right a short exclusive mandate would be recommended. All the top agencies in South Africa only operate on mandates because this will give you better results, proper quality feedback and at the end of the day the sales process runs a lot more professionally and smoothly. A confident agency, with confident agents who have the knowledge of property sales will ask sellers for their trust to get the job done.

Question 8

Which areas do we operate

Accepted Answer

Our operational areas include:
 
Gauteng area - which includes Pretoria andsurrounds.
 
Kempton Park, Edenvale, Benoni, And surrounds.
 
Randburg and surrounds - Norhtwold , Sundowner, Olivedale, Jukskei Park, Northgate, Sonneglans,Sharonlea, Jukskei Park, Randpark Ridge, Bromhof, Boskruin Etc..
 
Sandton and Surrounds - Fourways, Dougladale, Lonehiill, Broadacres, Morningside, Woodmead, Sunninghill, Paulshof, Magaliesig, Gallo Manor etc...
 
Midrand and Surrounds - Midrand, Halfway Gardens , Vorna Vally , Barbeque Downs, Kyalami hills etc...
 
Roodepoort and Surrounds - Weltevreden Park, Allens Nek, Strubens Valley, Little Falls, Honeydew Ridge, Honeydew Grove, Radiokop, Wilgeheuwel, Ruimsig, Willow Brooke etc...

Frequently asked questions