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Jordan – Finding Property to Buy

Popular Estate Agents in Jordan

When it comes to buying or selling property in Jordan, choosing the right estate agent can greatly influence your experience. Jordan’s real estate market offers various types of properties, from apartments in bustling cities to picturesque villas in serene locations. Here are some popular estate agents in Jordan:

  • ListaProperty: ListaProperty is a leading online platform for property listings in Jordan. They offer a wide range of residential and commercial properties across the country.
  • Aqar Estate: Aqar Estate is a well-established real estate agency in Jordan, known for its extensive property portfolio and experienced agents. They cater to both local and international clients.
  • Own Property: Own Property specializes in helping foreigners navigate the Jordanian real estate market. They offer services for buying, selling, and renting properties in Jordan.
  • Housing.jo: Housing.jo is a comprehensive property website that provides listings for residential and commercial properties in Jordan. Their user-friendly platform makes it easy to search for properties.
  • Sakan: Sakan is a prominent real estate agency in Jordan that offers a diverse range of properties, including apartments, houses, and commercial spaces.

Qualifications and Licences in Jordan

In Jordan, individuals working as real estate agents must meet specific qualifications and obtain licenses to operate legally. The real estate profession is regulated by the Ministry of Industry, Trade, and Supply. Here are the key requirements for obtaining a real estate agent license in Jordan:

  • Be a Jordanian citizen.
  • Hold a bachelor’s degree from a recognized university.
  • Complete a real estate training program approved by the Ministry of Industry, Trade, and Supply.
  • Pass a comprehensive examination administered by the Ministry, which covers various aspects of real estate, property law, and ethics.
  • Provide evidence of financial solvency.
  • Obtain professional indemnity insurance.

It’s essential for individuals seeking the services of a real estate agent in Jordan to verify their license and qualifications to ensure they are dealing with a licensed and reputable professional.

Breakdown of Estate Agent Fees in Jordan

Understanding the fees associated with hiring an estate agent in Jordan is crucial for both property buyers and sellers. Estate agent fees in Jordan typically include the following components:

  • Commission: Estate agents in Jordan usually charge a commission based on the final sale price of the property. The commission rate can vary but is often around 2% to 5% of the sale price. This fee is typically paid by the seller.
  • Advertisement Costs: Sellers may also be responsible for covering the cost of advertising the property, including listing it on various platforms and marketing efforts.
  • Legal Fees: Depending on the complexity of the transaction, there may be legal fees associated with drafting and reviewing contracts. These fees are typically shared between the buyer and the seller.

The specific fees and terms can vary among estate agents and may be negotiable, so it’s important to discuss these details upfront and have a clear understanding of the costs involved in your property transaction.

Property Listings in Jordan

While estate agents play a significant role in property transactions in Jordan, there are other resources where you can find details of properties for sale or rent. Here are some alternative options:

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  • Property Finder Jordan: Property Finder is a popular online platform that provides property listings, market insights, and tools for property seekers in Jordan. They cover various types of properties, from apartments to commercial spaces.
  • expats.com: expats.com includes a housing section where you can find property listings, particularly from individuals and property owners looking to rent or sell.
  • Newspapers and Magazines: Local newspapers and real estate magazines often have dedicated sections for property listings. Publications like The Jordan Times and Al Ghad are good sources.
  • Word of Mouth: Networking and asking friends, family, and acquaintances living in Jordan can lead to discovering properties that may not be listed online.

By exploring these various resources, you can access a comprehensive list of properties for sale or rent in Jordan and make informed decisions during your property search.

Use of Buyer’s Agents in Jordan

The use of buyer’s agents in Jordan is less common than in some other countries, but it is gaining recognition, especially among international buyers. Here’s what you need to know:

Qualifications and Licensing: There are no specific qualifications or licenses required to work as a buyer’s agent in Jordan. However, a reputable buyer’s agent should have a good understanding of the local property market, legal procedures, and negotiation skills to effectively represent their clients.

Cost of Buyer’s Agent Services: The cost of hiring a buyer’s agent in Jordan can vary based on the services provided and the complexity of the property transaction. Buyer’s agents may charge a flat fee or a percentage of the property’s purchase price, similar to how seller’s agents charge a commission. The specific fee arrangement should be discussed and agreed upon with the buyer’s agent.

Benefits of Buyer’s Agents: Buyer’s agents can offer valuable insights into the local real estate market, help you identify suitable properties, negotiate on your behalf, and guide you through the buying process. They can be particularly helpful for international buyers who may not be familiar with the local market and procedures.

If you decide to work with a buyer’s agent in Jordan, it’s essential to clarify their qualifications, fees, and services to ensure a successful partnership that aligns with your property search goals.

Organizations for Foreign Property Buyers in Jordan

While there may not be specific organizations exclusively for foreign property buyers in Jordan, there are resources and entities that can assist foreigners interested in purchasing property in the country. Here are some helpful contacts and resources:

  • Jordan Government Official Portal: The Jordanian government’s official portal provides information on various aspects of living in Jordan, including legal requirements, visas, and property-related regulations.
  • Jordan Investment Commission (JIC): The JIC offers support and information for foreign investors in Jordan. While their primary focus is on business investments, their resources can be helpful for property buyers as well.
  • Expat.com: Expat.com is a global platform that includes a Jordan section with forums and resources for expats and property seekers in Jordan. It’s a space where you can connect with others who have experience buying property in the country.
  • Amman Chamber of Commerce: The Amman Chamber of Commerce can provide information on business and investment opportunities in Jordan, which may include real estate options.
  • Property Watch Jordan: Property Watch is a local platform that offers property listings and real estate news in Jordan. It can be a valuable resource for property seekers.

These organizations and resources can offer valuable information and support to foreign property buyers in Jordan. When considering buying property in Jordan, it’s essential to research and understand the legal and financial aspects thoroughly to make a successful and secure investment in this diverse and culturally rich country.

In conclusion, Jordan’s real estate market offers a variety of properties that cater to different preferences and needs. To navigate this market successfully, understanding the qualifications and licensing of real estate agents, as well as the breakdown of estate agent fees, is crucial.

While estate agents are a primary source of property listings, exploring alternative sources such as property websites, expat platforms, newspapers, and word of mouth can provide a broader range of options for property buyers.

Buyer’s agents, though less common, can be valuable for international buyers. It’s essential to clarify their qualifications, fees, and services if you decide to work with one. Additionally, the mentioned organizations and resources can provide essential information and support throughout your property buying journey in Jordan.

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