You want to buy a home. You have already viewed many houses on Funda and you may even have viewed houses. But you have not yet found that new house, let alone bought it. Friends you speak to have bought their house with a buying agent. Why would you take that? You can also search yourself, make an appointment and assess whether the house tempts you enough to bid.
In most cases it is wise to hire a (good) buying agent. We have listed a number of reasons for you:
Get it before the market
A good buying agent creates a search query with search profile in his system, focused on your wishes and desires. You will receive immediate notification of properties that are newly offered and meet your search requirements. He monitors the market for you daily. If he sees something, he will call you immediately. These properties are usually not yet on Funda and are only visible to real estate agents and their seekers. You are the big crowd of people looking at Funda.
A buying agent opens doors for you
Certainly in times of an overheated housing market it is important to get a good place in the often long line of appointments. A good home in a sought-after location can easily attract 30-50 viewers. The first places are often reserved for viewers who come with a purchase broker. This is partly because, in the eyes of the sales broker, these viewers are seriously interested and are assisted by an expert who takes them by themselves. That buying broker has full time during the viewing to answer all questions, while the selling broker is under pressure from the sometimes extreme crowds of viewings. A buying broker opens doors for you because you enter a better and more favourable place for viewing with him.
Preparation of the viewing
Before your buying broker starts looking at the property with you, his criminal investigation already starts. He looks at earlier registrations of this property, at transactions of homes in the immediate vicinity, he looks in the neighbourhood whether there are problems with, for example, soil contamination, foundation or that for example, there are plans to realize high-rise buildings in the immediate vicinity. He also looks at issues such as the year of construction of the home and the risks that can arise with homes from that period (such as asbestos and the use of poor building materials).
Professional assessment and guidance during viewing
You are emotionally involved in the purchase of your potential new home. Not your buying agent. With his expertise and your search profile in mind, this person can not only look at the property objectively, but also look through it. He will point out structural issues that you will not notice, but he will also point out architectural opportunities and possibilities. And should you need to renovate, then your broker will know which renovations you will and will not receive from the municipality.
If you are interested in the property, your broker will prepare a bid for you very carefully. He will investigate similar transactions in the immediate area and will plus and minus the property that you have seen to arrive at a good value judgment. He then weighs this up with all the information he has managed to get away from the sales broker (how busy was it, are there already bids, are they good, what is the delivery date, why do the sellers want to leave, etc.).
With the use of all this information and his years of experience, he comes to an amount to offer. The amount of this will then also be adjusted on the basis of, among other things, how much you want it, what you want to renovate and how much budget you have and/or want to spend. In that bid, he also formulates which resolutive conditions are useful to include, how long the bid is valid and, for example, how a structural inspection must be included as a condition.
A smart purchasing strategy and a well-prepared bid will save you a lot of money as a buyer. A good buying broker always pays for himself in this way. Individuals without a buying agent often pay too much for a house on a structural basis.
Legally strong and smart
After concluding an oral purchase, your purchasing agent protects you from legal and contractual pitfalls. He will figure out the entire deed of purchase for you to be sure that all agreements have been correctly recorded, but also whether there are no items in it that could turn out unfavourably for you. After the purchase, the work of your purchasing agent is not over yet. He will stay on top of it for you, so that the entire route between purchase and key transfer, all matters, agreements and communication runs smoothly. With more than half of the routes, something unexpected always comes up. Think of having to request a deferment of financing reservation.
Your broker is your experienced support and allowance that will continue to take everything off your hands. Even if, after the transfer of ownership, things come to light that are no good, you can fall back on him.