SELLING
generally don ' t have access to a bond originator and transfer attorney , at best the buyer is going to have his own bond originator , and the seller will not have tight control over the process ,” Malan points out .
Regulatory bodies and consumer protection
A private seller is also not registered with the Property Practitioners Regulatory Authority ( PPRA ), so a buyer is not protected by the body as they would be if they dealt with an estate agent who is registered with the PPRA .
Private sellers may also not be compelled to adhere to any of the Consumer Protection Laws or to do property condition reports , like a registered agent is required by law to do . So , a buyer will not have the protection that they normally would have when dealing with an agent .
A long-term relationship
“ A private seller typically has no interest in a long-term relationship with a buyer , like an agent would have . They just want to get the best possible price for their property and are
55 APRIL / MAY 2023 SA Real Estate Investor Magazine