Imagine knowing exactly what your newly acquired parking bay is worth, or what the rate per square meter is to rent a storage room. Information about a prospective property is vital for you to make the best decision possible for your requirements – everything from knowing the financial position of the sectional title scheme you are buying into, what the exact levies are, to what work was done on the unit or to the common property.
These are the types of questions that are often asked by potential buyers to estate agents selling properties in sectional tile schemes. The answers to these questions are held by the Managing Agent of the scheme and even more specifically by the individual tasked with managing that specific property. While the information may be passed on, the depth and texture often is not.
Sandak Lewin Trust is a property MANAGEMENT company, that also has dedicated SALES and LETTINGS teams. “An estate agent may not know everything about a unit’s building simply because they don’t have access to that kind of information, whereas a management company, which has internal building and tenant information on hand, will be able to offer guidance and a solid way into a well-managed building,” says David Rebe, CEO of Sandal Lewin Trust.
“This extensive wealth of knowledge will prevent clients from being left out of pocket by, for example, being hit with a special levy shortly after a sale has gone through.” says Rebe. “We have the skills and experience in-house to offer the full estate agency range of services. Through the effective use of technology we are also able to ensure that properties listed with us obtain the furthest reach to all prospective buyers”.
“The managing agent’s involvement in selling the property may be beneficial on other grounds, namely: they know the sectional title scheme, the rules and the positives of the scheme and thus may be able to market these efficiently. They also have access to the financials of the body corporate and would have been directly involved in preparing the building’s long term maintenance plan.” Rebe says that not only will the latest financials and minutes be made available to interested buyers, but the current property manager can also sit with prospective buyers to explain the history of a building as well.
Ultimately both buyers and sellers will benefit from utilising their managing agency to facilitate the sale and/or purchase of their next sectional title property.