Introduction

Looking for a real estate investment opportunity can be more challenging than you may have anticipated. If you think you can manage it on your own, think again. Most likely you will not find the best opportunities, and real estate agents always have the seller’s best interest in mind.

Fortunately, all this has changed!  Now, buyers can have their agents represent them and support them. More than ever before, buyers need their own representation to prevent them from making an unprofitable real estate deal.

A buyer’s agent will show you properties on sale, inspect the property, and negotiate prices on your behalf.  They represent you and protect your interest during the whole transaction process.

Buyer's Agent
BENEFITS

#1. Is Knowledgeable and Experienced in the Real Estate Market

The real estate market varies from district to district even within the same city.  There are many reasons why the real estate market has such property value fluctuations that only a professional can understand and therefore have the know-how to do a thorough search for the best property your money can buy.

#2. Evaluates & Secures Financing

Investing in real estate is often a complex and confusing process.  This is where your agent will step in to protect your interests by helping you to evaluate and secure the best financing for the purchase of your property.

#3. Handles Paperwork

Having a buyer’s agent to assist with documents, especially when it comes to real estate jargon and complexities, is a relief.  Do not go without representation unless you are well-versed in real estate transactions and feel confident enough to sign on the dotted line without  professional consultation.

#4. Saves you Time and Money

A buyer’s agent does all the work for you, searching, communicating, and viewing the potential properties before deciding which is/are best for your specific needs. That means good coordination on behalf of the agent to visit a number of properties at different locations and different times so as to narrow down your choices, provide you with all the relevant information so you only visit the best potential properties that meet your needs.

Your agent can also foresee red flags and check for possible pitfalls before they arise, so you do not find yourself in situations that could cost you money and unnecessary stress in the long term.  An experienced agent can save you time, trouble and additional expenses.

#5. Knows What to Look For

A qualified buyer’s agent has the experience no buyer has. An experienced buyer’s agent knows what to look for when inspecting the property.   The agent has the ability to spot problems in the house quite easily that may go unnoticed by the buyer. It is also the agent’s job to suggest re-evaluation in some cases. Some features an agent can easily identify are: leaks, electrical issues, mold, pest, insect issues as well as age and condition of major units such as central heating, air-conditioning, storage space, elevator, staircase etc.

#6. Possesses Strong Negotiation Skills

The present government has implemented online interaction with the public sector, making a shift towards e-governance. The new Ministry of Digital Governance in 2019, announced specific plans to tackle unnecessary bureaucracy. This will have an impact on productivity and economic growth. The unforeseen covid-19 virus has accelerated the implementation of this shift to e-governance, and Greece has entered the pandemic with much stronger foundations. This gives foreign investors an advantage of finalizing their property acquisition faster and more economically. In the business world time is money.

#7. Possesses Access to Qualified Professionals

For the acquisition of a real estate property a number of other professionals are involved for a successful outcome, such as a contractor, a developer, a banker, a trustworthy real estate solicitor just to mention a few.

An established buyer’s agent works together with the most reputable professionals in the field to provide quality service and guarantee the smoothest real estate purchase.

#8. Supports your Decision

A major advantage of having a buyer’s agent is that they do all the negotiations on your behalf. Having explained your demands and limitations they can design the perfect negotiation plan for you. Knowing what your investment intentions are, having a top-notch real estate agent is of the utmost importance. They can provide you with a well-searched market analysis to assist you in your final decision. They have the expertise required to draw up an offer the seller cannot refuse.

#9. Schedules & Meets Your Deadlines

Time is often a crucial issue. Yes, you want to make an investment in real estate property but there are many factors to consider when doing so. You want to make the best purchase within a given time frame. Any delay may result in unforeseen circumstances. The seller may find another buyer, or change his mind. The property market may suffer due to economic, political or unprecedented events (covid-19 is an example). Therefore, it is your buyer’s agent’s responsibility to schedule the purchase to your best interest. A diligent and efficient buyer’s agent always has a system well-designed to ensure that delays are avoided to protect his client.

#10. Alleviates Stress

Another good reason to assign a buyer’s agent when investing in real estate is they can be objective. They can advise and help in many ways by outlining the reasons to prevent you from making a rash or emotional decision. Of course, the buyer has the final word, but a buyer’s agent can weigh up the pros and cons of the  properties in question which will help considerably in the decision making process. The aptitude and expertise of your agent can alleviate any stress and will make the transaction much easier, allowing you to continue with your business and focus on the future prospects and potential of your investment.

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Conclusion

There is no doubt buyers need their representation when investing in the real estate market. Do not neglect to request the assistance of an established and experienced buyer’s real estate agent when investing your money who can lead and  guide you through all aspects of the acquisition so you can both conduct the necessary due diligence required for the optimum outcome of your investment.

A professional property consultant can assist you by dealing with this particular part of the process on your behalf allowing you to dedicate your precious time to your own business schedule. If you are interested in further details, do not hesitate to contact us or you can book a complimentary free consultancy session at your convenience.