If you are thinking about in buying a houseIf so, you have probably asked yourself the following question: Real Estate or Developer? What is a property developer? We tell you everything you need to know.
What is a real estate agency
A real estate agency is a intermediary between buyers and sellers of real estate. In other words, it collects flats either from owners or builders and markets them.
Real estate agencies are intended to manage the entire process with their customers. To have the best solution for what they are looking for at all times.
In other words, they are based on mainly on earning money through commissions which generally charge only the seller. Working in two ways: with exclusivity and without exclusivity.
Non-exclusive real estate
This option means that the agency is marketing your flat and looking for a buyer. but, that you are free to hire as many estate agents as you want for the same purpose. In other words, that theoretically, you will have a better chance of selling your flat..
Not many real estate agencies want to work in this way because risks having to invest hours of work and lose the sales commission. However, it is still possible to find some.
Real estate agencies make money from a % of sale on the agreed price charged to the seller or, in the case of new construction, to the property developer. In addition many of them charge the buyer for ancillary services:
- Management of registration and change of supplies.
- Document managementl (NIE for foreigners and other documents that may be required).
- Management and settlement of taxes derived from the sale and purchase.
- Management by property search (many agencies charge a commission to the buyer for finding their ideal home).
In addition, these real estate agencies may have income from other professionals for example, professionals in the fields of renovation, electricity or property management, and charge a percentage for recommending their services to the new inhabitants.
Real estate with exclusivity
This formula is when the real estate makes the customer sign an exclusivity agreement for the sale of the property, i.e. that can only be marketed by her.
Most agencies work in this way because in this way, they guarantee that their efforts will have an economic return. The exclusivity is usually for 6 months and a contract is signed between agency and client.
What is a property developer?
A property developer is the one who makes the work but also promotes its sale. That is to say, who is not simply a construction company.
Property developers work in two ways:
- Those who sell their product through real estate agencies.
- Those who sell their product through an agency and directly.
Obviously, a real estate developer sells only new construction. In other words, previously unowned properties.
But, there is also the possibility of the developer having a real estate division and market either products from other developers or second-hand properties, also operating as a real estate agency.
Advantages of working with a property developer
Buying a home is a decision that will mark us for life. That is why it is important to be clear about the strengths and weaknesses of buying with a real estate developer:
- You have a lowest price proportionally (there are no intermediaries).
- You can personalise your home (you have the possibility to choose during construction).
- Shopping houses with a structural guarantee of 10 years.
- Experience in the sector (generally a developer is a company that has been on the market for many years).
- Brand new house. New construction always makes you feel more comfortable in your home because it is yours from the beginning.
- After-sales service. Developers offer their customers a dedicated after-sales service to solve any problems that may arise.
- Details. If you want to furnish your house and make it ready to move intoIn the case of the construction sector, the promoters usually have agreements and good offers with companies in the sector.
- Management. With the promoteryou will have the peace of mind that you will be accompanied in the process. from start to finish.
- Speaking your language. Real estate developers are more accustomed to dealing with foreigners and tend to have staff who speak most of the major languages.
Real estate experts
When the time comes and depending on the operation, you may be more interested in one or the other option. What does it is important that you always arrange the purchase or sale of your home with a real estate expert..
A real estate agency can provide you with a great deal of knowledge in the sector, find your ideal home and also manage the entire legal process and avoid many problems. In addition to advising you on issues such as the real value of your property, etc.
Whether you are thinking of buying your own home, buying a second holiday home, or simply looking for an investment opportunity through the holiday rental. We are your best option! Contact us at.
