Advantages of buying property with a real estate agency

Published:
June 18, 2024
2148252124

Acquiring estate is a complex endeavor. While saving up the necessary funds is challenging in itself, it’s only the beginning. Verifying papers, drafting contracts, navigating the purchase agreement, and registering the housing – each step presents feasible pitfalls that could leave you both financially and literally homeless.  Therefore, selecting the right seller is paramount to a fruitful business deal.

Let’s look at all the pros of acquiring housing with an estate agency!

Hidden Costs: Understanding Developer Fees and Agency Commissions

A lot of people believe that buying a property straight from a developer is cheaper than going through an agency. However, this is a common misconception. In reality, the price of an apartment for a buyer, in most cases, will be the same no matter who you turn to, but sometimes agencies can negotiate special offers and discounts with developers. The latter can also make such offers.

The fact is that the realtor’s commission is not paid by the buyer, but by the developer themselves. This commission is already factored into the price of the apartment as a sales expense. In other words, the developer pays either the agency or their own sales department if the customer comes straight to them.

What should you choose: real estate agency or a developer?

While developers play a vital role in constructing homes, traversing the complicated market independently can be daunting. That’s where agencies prove invaluable, offering distinct benefits over relying solely on developers.

Think of it this way: developers are experts at building homes, but agencies are experts at selling them, with over 40 million houses sold globally in 2023 as proof. They provide a buffer between you and the intricacies of the market, leveraging their deep understanding of law, negotiation tactics, and current trends to ensure smooth and favorable business deals for their clients.

Agents within these organizations take on specialized roles, such as listing agents advocating for sellers and buyer’s agents guiding purchasers through the procedure. This specialization ensures you have an expert in your corner, fighting for your best interests every step of the way.

Ultimately, selecting a property agency provides tranquility. Their market comprehension, negotiation proficiency, and dedication to customer satisfaction make them favorable partners in securing the best possible outcome for your needs.

Conclusion

Choosing between a developer and an agent isn’t about one being definitely “better.” It hinges on your individual needs and priorities.

Acquiring housing directly from a developer has its perks, especially if you value a flat in a new building. However, have you considered that partnering with an agency might unlock even more pros when choosing a newly built housing?

The fact is that agencies often receive commissions from developers, which allows them to offer their clients a wider selection of properties.

Moreover, by contacting an agency, you receive professional support at every stage:

  • Selection Assistance: A skillful agent will help you determine your needs and find the ideal apartment in a new building, considering your preferences for location, size, layout, and budget.
  • Viewing Organization: You won’t have to waste time on calls and scheduling appointments – the agent will arrange everything for you.
  • Legal Verification: The agency will ensure the business deal’s legality and help you avoid risks.
  • Transaction Support: You can be sure that all papers are completed correctly and your interests are protected.

Therefore, by turning to an agency, you not only gain access to a greater number of options but also significantly save time and effort, as well as receive a guarantee of transaction security.

Related insights

Cost of living in Cyprus: a detailed guide for expats

Cyprus is pretty costly for livelihood. Nevertheless, the costs are more reasonable in contrast to the UK, USA, West and North Europe. But don’t forget that it mostly depends on the city. For instance, it is more lucrative to reside in Cyprus if your wish is a big city. If you are curious about the…

Read more 19.07.2024

What is important to know when buying property in Cyprus

Buying property is always a responsible decision, that requires full comprehension of the law and regulations of the country you want to buy a housing in. This also applies to one of the most desirable places for investment – Cyprus. The island is famous for its clean remarkable sea and hot sunny days almost all…

Read more 18.07.2024

No property taxes: complete list of countries with details

Chattel real levies are imposed by officials in many states around the globe either yearly or semi-annually, with the level of charges depending on the overall price of an investor’s asset. In contrast, in the world there exist some countries with no property tax.Here, we provide a comprehensive catalogue of places with no property tax…

Read more 26.06.2024

TOP 6 countries for investment in foreign real estate in 2024. Expert opinion

Investing in chattel real abroad has gained immense popularity as a means to preserve and grow wealth. In this article about, six routes that have captured the curiosity of stakeholders in question considering questions in property for sale  from non-EU nations. We delve into why these routes are currently the utmost appealing, providing valuable insights…

Read more 25.06.2024

Advantages of buying property with a real estate agency

Acquiring estate is a complex endeavor. While saving up the necessary funds is challenging in itself, it’s only the beginning. Verifying papers, drafting contracts, navigating the purchase agreement, and registering the housing – each step presents feasible pitfalls that could leave you both financially and literally homeless.  Therefore, selecting the right seller is paramount to…

Read more 18.06.2024

Discover the benefits and pitfalls of investing in property in Bali

Bali attracts everyone from digital nomads and entrepreneurs to retirees and the ultra-wealthy. The island’s enduring popularity among tourists combines with a vibrant local market, presents lucrative chances. Nevertheless, discrete analysis is crucial. This article highlights pros and cons of investing in property in Bali and other details you may be interested in. Why Bali’s…

Read more 18.06.2024

A guide to paradise: discovering the beautiful world of Bali for property investment

Bali, the jewel of Indonesia, is no longer just a traveler’s paradise – it’s an investor’s dream realized.  The island’s allure extends far beyond its captivating beauty, fueled by a potent combination of surging tourism and unwavering economic strength. This tropical haven boasts an enviable economic track record. Indonesia’s GDP has witnessed a remarkable upswing,…

Read more 18.06.2024

Obtaining residence permit and citizenship in Turkey when buying a property

Dreaming of life under the Turkish sun? A Turkish Residency Permit is your ticket to a carefree holiday. Residency allowance not only legalizes your stay for a year or more but also opens doors for work, depending on the type of document obtained. Learn who can get the coveted status, under what terms, and what…

Read more 03.06.2024

NIE NUMBER in Spain: Definition, Types, Procedure and Papers

Provided that you are a non-citizen, buying a property in Spain is possible with the NIE. It is your unique number as a non-citizen. It’s vital for various activities, from buying housing to making a bank account. However, it’s important to note that the NIE alone doesn’t grant lawful residency. This article will guide you…

Read more 28.05.2024

How to Purchase a Property in Spain

Buying a property in another state offers numerous chances, from generating rental income to becoming a resident or even a citizen. With a diverse range of places to choose from, finding the ideal house in Spain is within reach. While the acquiring procedure may appear daunting at first, this guide provides a clear and concise…

Read more 28.05.2024

Gaming license in Portugal

The gaming industry in Portugal has seen substantial growth, prompting both local entrepreneurs and global investors to explore opportunities in this lucrative market. Understanding the legal framework for obtaining a gaming license in Portugal is essential for those interested in documenting this sector. This comprehensive guide covers the essentials of the gaming-license process, the associated…

Read more 27.05.2024

Buying A House In Spain In 2024

Acquiring housing requires careful navigation of legal procedures and a keen awareness of the accommodation market. Before investing, in-depth investigation is vital to avoid scams, understand taxation, and stay ahead of market changes.  This guide provides valuable insights for a smooth transition to homeownership in Spain, whether you’re interested in coastal areas or major cities….

Read more 27.05.2024