18 Dec Discover how a Real Estate Buyers Agent works and the benefits of hiring one
A real estate buyer agent, called PSI (Personal Shopper Inmobiliario) in Spain is a professional dedicated exclusively to representing the buyer’s interests in the property acquisition process. Unlike traditional agents, our goal is to find the ideal property for our client, tailored to their needs, preferences, and budget. At Barcelona Flat Hunter, we specialize in this service and explain how our work unfolds through the different stages of the buying process.
- Initial Interview to Understand Needs and Preferences
The first step involves a personal meeting with the client to identify their needs, preferences, and goals. During this interview, key aspects are detailed, such as location, property size, age, style, condition, layout, budget, and the amenities or services sought in the area.
- Signing the Exclusive Search Mandate Contract
Once the client’s expectations are clear and the project’s feasibility is validated by us, we proceed to sign a contract that specifies the services to be provided and the characteristics of the search. The total cost of the service and the duration of the mandate are also established. Payment for our services is made at the time of signing the deed.
- Search and Visits
As Real Estate Personal Shoppers, we start the property search using various sources. We personally visit properties that meet the client’s requirements, and after finding one that fits, we conduct initial checks to ensure there are no urban planning or cadastral issues. Then, we present the property to the client, who decides whether to visit it in person & provide us with initial feedback.
- Selection and Negotiation
When the client shows interest in a property, we delve deeper into its legal and technical aspects and manage the price negotiation on their behalf. After making an offer and reaching an agreement, we complete the due diligence and prepare the necessary documents for the following stages: the earnest money agreement and the deed.
- Post-Sale Service
The service doesn’t end with the purchase; this professional continues to advise the client on immediate post-purchase procedures, such as transferring ownership of utilities, and liaising with the building property manager.
The main benefit of having a Real Estate Personal Shopper is the peace of mind of having an expert who defends your interests, optimises your time and guarantees a safe purchase.
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