If you’ve ever purchased a piece of property before you understand that there can be multiple agents involved. Of course, one homeowner can sell their property to another person without the need of a real estate agent but their needs and physician may not be as protected.
Usually there is a listing agent that will list the property on the local MLS and advertise that property to potential buyers. The homebuyer may also have their own agent when it comes to purchasing the property. This is called the selling agent or the buyers agent, and they represent the buyer during the transaction.
Here are three reasons to use a buyers agent when purchasing a condominium.
#1. Condominium buyers agents will know the logistics on buying a condo or townhouse.
There is a difference to buying a condominium versus a single-family home. Condominiums have different rules, regulations and addendum’s that need to be followed and respected. Your buyers agent can explain all of these, help you sift through the sometimes extensive restrictions and regulations and answer any questions you have along the way. Homeowners dues are part of the purchase and taxes, fees and other costs can be overwhelming to say the least. A condominium buyers agent can really answer your questions and help make things as clear as possible.
#2. Buyers agents can actually save a home buyer money.
When you have a buyers agent representing you through the process they can help negotiate, offer tips, strategies and advice in order to get the right terms and the right price. Your buyers agent will know your finances, how much you love the property and how far you are willing to go in order to purchase it. The listing agent and the seller do not know these details so it is to your advantage for your buyers agent to negotiate in order to get things as close to your side as possible.
#3. You are protected.
If a home buyer goes through the listing agent to purchase a condo that listing agent’s primary duty is to the seller, not the buyer. The buyer may not be protected when it comes to legalities, rights, negotiating strategies and finances. Having a buyers agent that knows the law, knows the home buyers rights and what the seller should and should not get away with can really go miles when it comes to a satisfied homebuyer. Typical home buyers do not know everything there is to know about the home buying process so using an agent that is up on the neighborhood, the condo buildings and the current laws can really make a huge difference.
If you’re looking to buy a Panama City Beach condo feel free to call one of our agents today. We specialize in this area, individual condo buildings and can help you by the bright condo for your needs and your budget.