DO WE NEED A BROKER WHEN PURCHASING REAL ESTATE
Buying and selling real estate is not always an easy task. In this article we will look at the help provided by a broker to both parties.
If you are a seller who has decided to sell your own real estate, the first thing you usually do is to place an ad in all possible advertising media. This is followed by calls from potential customers and scheduling viewings. This takes a lot of your time if you want to satisfy the desire of anyone interested to inspect your property. In case of a potential client, the issuance of the necessary documents for the property should follow, as well as the preparation of a receipt for the deposit and a preliminary contract.
Hiring a broker to assist you in selling your property saves you this valuable time. The broker advertises for you not only in all possible media, but also between colleagues from different agencies, making paid advertisements. This significantly expands the range of potential customers. Your broker accepts all inquiries and calls about the property and schedules inspections according to your personal free time. Provided that no one lives in the property, he completely releases you from the responsibility to attend the inspections and only informs you about them and the likelihood of a potential client. After finding a buyer, the broker is the one who prepares the receipt for the deposit and draws up a preliminary contract. If you wish, you can be assisted in obtaining all the necessary documents for the transaction. The commission of a real estate agent is between 1 and 3% of the sale price.
If you are a buyer in search of the perfect property, it is up to you to review all possible listings, call them for details if they are not specified in advance, and schedule viewings. After selecting the desired property and left on deposit, you rely on the seller to provide you with the necessary documents before signing a preliminary contract. The most important of these documents is the certificate of encumbrances.
By hiring a real estate broker you provide a selected search according to the criteria set by you for price, location, area and others. The inspections are carried out at a time specified by you. The broker reviews not only all advertising portals, but also information belonging to colleagues. There are properties on the market that are only offered by agencies and cannot be found directly by the owner. After choosing a property, the broker mediates in the price negotiations, prepares a deposit receipt and a preliminary contract. The most valuable thing when hiring a broker in this case is that it offers you only properties pre-checked for any encumbrances and unpaid bills and taxes. The commission is the same as for sellers in the amount between 1 and 3% of the selling price.
Hiring a broker, whether you buy or sell, saves you valuable time, protects you from possible misuse of documentation and saves you money. The amount of your phone calls sometimes exceeds the commission you would pay.
