16 Dec How to Save Money When Buying Your Home: Tips from a Real Estate Buyer Agent
Buying a home is one of the most important financial decisions in a person’s life, as it involves a significant investment to be paid over several years. This process is often complex and entails multiple procedures that, if not handled correctly, can significantly increase the total cost. However, properly managing each step can lead to substantial savings. At Barcelona Flat Hunter, we explain how a real estate buyer agent, called PSI (Personal Shopper Inmobiliario) in Spain, can help you save when purchasing a property.
Engaging a real estate personal shopper can be an investment that yields benefits, despite the fees involved in this service. These professionals not only help ensure a good purchase from an economic standpoint but also consider the personal needs of the buyer. Additionally, the real estate personal shopper filters properties that truly meet the client’s requirements. According to the Spanish Association of Real Estate Personal Shoppers (AEPSI), their intervention reduces the number of necessary visits to find the right property by up to 85%. At Barcelona Flat Hunter, buyers typically make an offer after just 2 or 3 in-person visits, as they are only shown properties that meet 100% of their criteria.
Another advantage of this service is access to properties that are not yet on the market, thanks to their connections with lawyers, property managers, and real estate agents.
The real estate buyer agent also investigates the homeowners’ association and potential issues with the property from a legal and registry standpoint, ensuring the buyers’ interests are protected at all times and that the purchase doesn’t come with any unpleasant post-purchase surprises.
When setting a budget, it’s crucial not to exceed it, taking into account additional expenses such as taxes (VAT or ITP), notary fees, registration, and others. The real estate personal shopper also offers financial advice to provide a comprehensive view of the project and keep track of the financing process when a mortgage is needed. Additionally, they can identify issues in the property, such as dampness or structural problems, which could increase renovation costs or lead to additional expenses for future owners.
Finally, this service offers significant savings, as the real estate personal shopper knows how to optimally negotiate not just the price of the property, but also the terms and other aspects of the process.
In summary, having a real estate buyer agent translates to greater security, less stress, and savings in both money and time when buying a home.
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