What you need to know when buying property
Buying property is a serious investment. Whether you choose an apartment, office or other property you need to be informed about the state of the property market and prices of different types of properties in a particular area. Specify type of property and the purchase price. It is important to know that the presentation of each property on our website represents full and accurate information about the characteristics of the property. The agent will advise you regarding the opportunities offered by the real estate market taking into account the personal demand of the buyer.
Buyer agency agreement
A buyer agency agreement is like a listing agreement, but the broker represents the buyer—the principal—as his agent and fiduciary. Either the buyer or the seller may pay the buyer’s agent when the buyer buys property. The fee is equal to a percentage of the purchase price of the property. The agency does not require pre-payment of the fee. You pay a commission only if you purchase a property with the assistance of the agent. Before signing the buyer agreement, the buyer’s agent will explain the options available to the buyer, and the agent must get detailed financial information about the buyer and the type of property that he is looking for. You can choose whether to award exclusive representation of the Agency or to retain the right to engage other brokers and that is why we offer two types of agreements.
The exclusive-agency buyer agency agreement makes the broker the exclusive agent of the buyer, but the buyer does not have to pay a commission to the broker if the buyer finds the property and arranges to purchase it himself.
An open buyer agency agreement gives no exclusivity to any agent and allows the buyer to have any number of agents representing her, and she may find the property on her own. Only the agent that finds the property that the buyer purchases is entitled to payment.
Negotiation of exclusive representation saves the buyer money, time and inconvenience in making contacts with more agents and help to achieve the best conditions for a transaction.
Choose a property with your agent
Explain in detail your requirements;
Purpose of buying the property;
Ask for complete information about the property: photos, sketch, location details;
Ask viewings for your chosen property;
After the view do not hesitate to share your experience with the agent.
When you select a property, talk to your agent about the price and conditions of purchase are going to offer. The purchase of real estate can go through two stages of negotiation or directly to sign the final contract of sale (deed).
Signing the preliminary contract of purchase/sale
Provided that the seller accepts the proposed by the buyer price and conditions, the Agency organizes conclusion of a preliminary contract of purchase/sale. The contract is concluded pursuant to Art. 19, Paragraph 2 of the Law on Obligations and Contracts (LOC), prepared by a lawyer and is signed in the presence of the agent. With a signed contract the buyer gives the seller deposit and both sides agree within a specified time and at agreed sale price and terms to appear before the notary and sign a final contract (title deed). On the day of signing the preliminary contract you pay 50% of the fee to the Agency. The price of the services is includ attorney attendance at the transaction. It includes a review of the ownership of the property, preparation of preliminary and / or / final contract of sale of the property. The buyer is entitled and able to choose his own lawyer or notary, without changing the size of the remuneration for mediation.
Signing the final contract (deed)
Your agent is present at the signing of the deed and pay the agreed sale price of the property and is engaged in clarifying questions. Transfer of possession is actual legal action, which the buyer receives the right to use the property as their own (usually with handing over the keys to the property) .To transfer of property we prepare a protocol.