We all know that buying or selling real estate is an essential event in every man’s life and it is important that this serious business is done correctly. Just as every other professional in your business, dentist, car mechanic, hairdresser, or lawyer, has the knowledge and experience, so the real estate agency has the knowledge and experience you need to sell or buy real estate.
Any owner who wants to sell or rent a house, apartment, or any other real estate has certainly faced the question: should a real estate agency be hired? For the real estate to be sold or rented, it is necessary to advertise it in the right places.
Today, there are also many real estate portals that allow each person to access and find what suits them best. Real estate portals are beneficial if you are buying a property in a big city or other country, or a place you do not know well enough. There are many benefits to looking for a property this way, and these are some things you need to know.
YOU CHOOSE WHAT YOU WANT
Thanks to the filters, you can easily select properties that will appear on your page. Do you want bases? No problem; mark them. Do you want a house with a yard, 4 bedrooms, and 3 bathrooms? Not to exceed a certain price? Yes, in this virtual search, you will find exactly what you want.
HOW MUCH OF A DOWN PAYMENT SHOULD YOU MAKE?
You found the dream house and decided to buy it. What’s next? The next step is to inquire about the down payment you have to give. The down payment is usually 20% of the total value of the property, but if you are buying a house for the first time, you may be lucky and be able to pay less or nothing.
SAVE TIME
Sometimes, selling and renting a property requires a lot of effort and free time. Many people want to sell, buy, or rent a property as soon as possible but do not have the opportunity to dedicate themselves to this business. Until the conclusion of the sale or rental of real estate, it is often necessary to answer any inquiries from potential buyers or tenants, and a lot of time is lost in showing the property.
Real estate agents and property portals can answer potential domestic or foreign buyers’ questions about the property they are interested in and will show them the property at a time that suits them, often during working hours – just when it does not suit many owners.
Real estate portals include listings for properties, like this Javea property for sale portal. These advertisements function as classified ads, with the sellers providing information on the property sold or rented. Buyers must also specify their needs and budget.
LEGAL CERTAINTY
Real estate agencies are familiar with contracts and applicable legal regulations and laws, so they can provide their clients with assistance related to legal issues and drafting contracts and documents required for the sale or lease of real estate. They are familiar with the rights and obligations of both parties, so they can be of great help in drafting or signing a contract, transferring ownership of real estate or utilities to a new owner. In addition to the above, real estate agents are familiar with all the additional costs that arise when buying or renting real estate, so they can be helpful to buyers or sellers when it comes to calculating all the expenses that occur.
THE SYNDICATION PROCESS
If someone hires a real estate agent to sell a house or apartment, the ads will likely end up on several portals or be seen by a larger number of potential customers.
The main signs of fraud which should warn citizens to buy an apartment:
Intermediaries work with or without a power of attorney.
Private intermediaries sell the property, but the owner cannot appear at the same time, either because he is in another place or because he is very busy.
Brokers offer to immediately make a large deposit on real estate; in some cases, the amount paid should be 2.5% of the property price.
The sellers have a fully prepared package of documents for the sale of real estate and offer to immediately conclude the transaction with a notary public.
When brokers want to start a business quickly until the client reaches their senses, they offer a low price for the apartment.
Sellers deliberately create turmoil in the transaction, to encourage the client to recklessly acquire cheap but troubled real estate.
Sellers or their representatives do not provide documents to the client even if the client is ready to transfer the deposit.
Sellers are reluctant to make arrangements through real estate agencies, explaining that agents charge a lot for services. Fraudsters do not want to provide documents for verification.
For these reasons, there are real estate agencies that save you time and money by advising you on how to proceed. A warm recommendation to all real estate sellers is not to engage in this delicate business on their own but to choose people who are educated, registered, and responsible for the job.
BUYING REAL ESTATE FOR FOREIGN NATIONALS
Many foreign nationals dream of buying a villa or apartment in an exotic destination, but are unsure how it is possible. If we are talking specifically about Europe, citizens living in one of the EU member states can freely buy real estate in another country that is also a member. In the last 8 years, some changes in regulations have been made so that now citizens who do not come from some of the EU member states can buy real estate. Great news, isn’t it?
FINAL THOUGHTS
Investing in real estate has always been considered an intelligent investment. In addition to having a place to spend your vacation, you will also have the opportunity to earn and return the money invested by renting space to tourists. Then why not combine the comfortable with the useful?
