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Why buying through a real estate agent is more cost-effective

May 24, 2024
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If you’re looking for a new home, you’ll quickly notice that most houses are listed through a real estate agent. Forget the stereotypical image of the slick salesman in a sharp suit: an agent is actually there to help both the buyer and the seller and to sell a house efficiently. As a buyer, you benefit from this as well.

Expertise in real estate

A real estate agent deals with the housing market in your area on a daily basis. They know the prices and margins, and have worked with the seller to set the asking price. This means the agent knows exactly whether a lowball offer stands a chance of success.As an intermediary, they have a complete information file and can explain all the technical details about your dream home. Terms like title deeds, EPC reports, electrical inspections, and certificates of conformity can be complicated, but a real estate agent translates these into plain language.

Extensive real estate portfolio

A real estate agent usually has several properties in their portfolio. Feel free to ask them about similar homes. They may even have just listed a new property that isn’t online yet. That way, you’ll be the first to get a chance to view it!

Timing of the sale

When selling real estate, timing is crucial. Many owners want to sell their old home quickly because they’ve already purchased a new one. Other owners may have tried to sell it themselves first and are only now hiring a real estate agent. Ask the agent about the reason for the sale. This will help you gauge whether the owner is willing to negotiate the price.

Mediation between the parties

An agent is required to pass on every offer to the seller. Make an offer and wait for a response. Sometimes your offer will be rejected, but often a counteroffer will follow. This process can lower the asking price by thousands of euros! The agent helps you coordinate your offers so that you can reach an agreement more quickly.

The real estate agent wants to sell the property himself

Most real estate agents are given about six months to sell a home. Has a house been on the market for four months? Then the asking price is probably too high. The agent will advise the owner to lower the price, because they’d rather sell at a slightly lower price than not sell at all. You can take advantage of this!Are you looking for a good real estate agent? Visit our website and meet our real estate agents!
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Real estate broker, licensed in Belgium by the BIV under number 503.213. AVG Properties bv (company number BE 0680.782.523) is subject to the code of ethics of the Professional Institute of Real Estate Agents (BIV). Operating under the name Altro Vastgoed, located at Heidestraat 71a, 9070 Heusden, reachable at +32 78 35 37 01 or info@altro-vastgoed.be.

Covered by professional liability insurance and a financial guarantee provided by NV AXA Belgium, policy number 730.390.160. Regulatory authority: Professional Institute of Real Estate Agents (BIV), 16B Rue de Luxembourg, 1000 Brussels, reachable at +32 2 505 38 50 or info@biv.be.

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