Renting
Who is a Landlord?
A Landlord is the owner of a property which is rented or leased to an individual or business, who is called a tenant (also a lessee or renter).
I would like to rent my property, what should I do?
If you have not already done so, click here to register on our website. Once registered you will be assigned to one of our qualified and experienced Realtors who will contact you by your preferred method (phone/email) and they will guide you through the entire process of renting/leasing your property. You can also call or email us directly at 876-929-9182-6 or realestate@sagicor.com.
Who is a Tenant?
A person that occupies a property belonging to another for a period of time and makes periodic payments to the owner usually referred to as rent.
I'm interested in renting a property, what should I do?
You can call or email us directly at 876-929-9182-6 or realestate@sagicor.com. You will be assigned to one of our qualified and experienced Realtors who will contact you by your preferred method (phone/email) and they will guide you through the entire process of renting/leasing real estate.
Do I have to pay a Realtor to find a property to rent?
No! Realtors are compensated by the Owner/Landlord, therefore the service to locate a property for you to rent is completely free!
Selling
I am interested in selling my property, what should I do?
You can call or email us directly at 876-929-9182-6 or realestate@sagicor.com. You will be assigned to one of our qualified and experienced Realtors who will contact you by your preferred method (phone/email) and they will guide you through the entire process of selling your property.
What is a Listing Agreement?
A listing Agreement is a contract between a Real Estate Broker and a seller(s) of real estate to give the Broker the right to offer the property for sale.
The contract is often referred to as a listing agreement and usually includes the some following terms:
- A start and a termination date.
- The price at which the property will be offered for sale.
- The amount of compensation offered to the Broker, whether it is in the form of a flat fee or percentage of the sales price.
- Authorizes the Broker to co-operate with other Brokers.
What is a Non-Exclusive (Open) Listing Agreement?
A seller can enter into an agreement to sell his/her property with more than one brokerage in a Non-Exclusive (Open) Listing Agreement. The seller must pay a commission only to the brokerage which brings the buyer for the property. Typically, if the seller finds the buyer themself, the seller does not have to pay a commission. Since there will be no co-operating broker involved.
What is an MLS (Exclusive Right to Sell) Listing Agreement?
The seller must pay the brokerage a commission if, by the expiration date in the listing contract, the real estate is sold, regardless of whether the buyer is obtained through the agency or not. Even if the seller finds the buyer themself, a commission is still owed to the brokerage. Furthermore, the seller cannot list the property with any other broker until the listing expires with the property unsold.
Brokers who are REALTORS and, thus, are members of NAR are obliged to enter the property into the local MLS system and offer compensation to co-operating brokers.
What are the fees involved in selling my property?
Real Estate Dealers usually charge a commission of 5% of the final sales price exclusive of General Consumption Tax (GCT). This commission is paid by the vendor/seller. In addition to the sales commission, the vendor will be responsible for Transfer Tax (5%), Stamp Duty (2%), Registration Fee (0.25%), and Legal Fees (2%-3%).