Whether you are looking to relocate to Greece or looking for an investment opportunity buying a property in a foreign country can be a difficult and stressful task. Foreign buyers do deserve qualified professional assistance to understand the Greek market. A buyer’s agent can help you obtain the perfect property.
What Is A Buyer’s Agent?
A buyer’s agent is a real estate professional who guides a buyer through the whole process of buying a property. A buyer’s agent represents the interests of the buyer with the goal to achieve the best deal possible.
Buyer’s Agent Vs Listing Agent
In a transaction, it is common for two agents to be involved. The buyer’s agent represents the buyer and the listing agent the interests of the seller. A buyer’s agent will navigate through the market, find, preview, and propose listings according to the buyer’s unique needs. The listing agent is responsible to list the property for the seller and also to ensure that the property of the seller secures the best terms possible.
Buyer’s Agent Tasks
A real estate professional who is working as a representative of a buyer will be guiding their clients through each step of the property search and buying, and will take on the following tasks:
- Finding Listings
Acting as a resource for their clients’ interests a buyer’s agent will search for properties available on the market that match the preferences and needs of the buyers. Buyer’s agents have no portfolio and thus no interest in promoting one property over another. Their only task will be to search the market and propose listings that match their buyers’ criteria.
- Previewing of Listings
Often the buyer’s agent will preview listings available on the market and decide whether these properties match the criteria set by their clients. Previewing listings is a time saver as often listings are different from pictures advertised on the internet.
- Accompanied Viewings
A buyer’s agent will always accompany buyers to all showings and properties. While listing agents conduct the tour the buyer’s agent will be present to answer any questions and provide feedback and thoughts about the property. Based on their expertise, buyer’s agents can ask questions regarding the property condition, expenses, taxes, etc. that otherwise the buyers may not know to ask.
- Pricing consultation
A buyer’s agent works closely with the clients and guides them throughout the whole process. Once the buyers find a property that they are interested in the buyer’s agent will advise them on the price based on market analysis and similar properties in the area. The agent will recommend pricing based on the specifics of the property and the characteristics of the neighborhood.
- Negotiation process
As the buyer’s agent works on behalf of the buyer, following the offer, the agent will negotiate the price and terms of that offer. The buyer’s agent will also advise clients on other possible ways to make their offer more competitive and expedite a closing deal.
- Recommendations of other professionals
The buyer’s agent will also refer other real estate professionals to guide and advise the buyers during the process. They can recommend real estate attorneys, inspectors, and notaries that will assist in expediting the process and ensure that the buyer’s interests are protected.
Bottom line, choosing to work closely with a buyer’s agent means that you are choosing your personal agent who not only can save you time and money but can understand your needs, and preferences and represent your interests. A buyer’s agent will hold your hand every step of the way from the initial consultation to the final agreement.
Let Especially be your personal buyer’s agent in search of your ideal home in Greece! Contact us at info@especially.gr and find out more.
