Pawel Kentaro Grendys, an expert on real estate in Latin America, explains why buyers and sellers should consider using a broker.
MEXICO, Nov. 18, 2022 /EINPresswire.com/ — The decision to acquire a real estate property may seem simple; however, having the right advice from a real estate professional can be the difference between a good or bad investment. Choosing the right real estate consultant is important and in order to do this, buyers and sellers must first learn what to look for. Pawel Kentaro Grendys, an expert on Latin American real estate, provides insight into this process and why it is important.
A real estate agent is someone who acts as an agent for both the buyer and seller of the property. In most cases, the seller retains the broker and works with the buyer. The broker works to get the seller to recruit potential buyers. The seller then evaluates the proposed offers and determines if an offer is the best for them. The broker must be licensed by a state regulatory agency.
The broker must have the ability to agree on the conditions in the price and can indicate that it meets development and code specifications. He or she will also know whether there are restrictions on levels or types of property, whether it is functional for commerce or housing only.
The broker can guide both parties on how the market is moving, how much supply and demand there is and what people are looking for. Grendys adds, “One of the most important reasons to have a broker today is the lack of time consumers have and the time it takes to move from one point to another. A broker is empowered to handle all the answer questions involved in negotiation.”
So, the productive person continues in his work to do what he knows how to do and produce to be able to buy these assets, delegating to the broker to search, find and make contacts. This includes knowing the perspective of developments that exist in the area and the surplus value generated by purchases in that sector. Other aspects to know are current and future access to shops and student centres, and, for the buyer, if there is an effect for water, electricity and transport services.
A good real estate agent protects both sides, and investigates who the client is, where he comes from, where he buys and other key points. He or she relies on the banking system to access credits, what are the procedures, payment projections, expenses, etc.
An added value provided by the real estate broker is to define a market price. Grendys explains, “The owner usually believes that his home is worth more than it actually costs, and many times the interested parties offer prices well below market. The realtor’s job is to establish the middle ground between these two extremes and with a to come up with. good deal for all parties.”
In order to reach a satisfactory agreement, it is essential that someone is there to mediate between buyer and seller to get good exit terms in which both parties are satisfied. This includes knowing when to vacate the property, what conditions it is in, who pays what expenses, etc. This will achieve a more fluid, quick and easy-to-conduct negotiation, since there is a neutral third party, it is possible to rely on the information.
During the process, banks (when there is mortgage financing) ask for various backgrounds and papers which are key to have ready. A natural person can do this perfectly, but it is much easier and faster if someone who knows the workings of banks handles the process.
The buying and selling process is not just about searching and choosing the ideal property. There is a whole road to the choice, and it is on this road, where a professional broker makes the difference.
About Pawel Kentaro
Pawel Kentaro Grendys is a leading expert in the field of Latin American real estate. His background includes experience in both the residential and commercial side, and he offers extensive knowledge of local investment laws and building codes. In addition to offering leading brokerage services for commercial, industrial and premium residential real estate investments in the region, he is also an advanced real estate marketer. When he is not assisting clients in finding the right property to achieve their goals, he enjoys spending time outdoors with his family.
Pawel Kentaro Grendys
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