I am thinking of buying some resort real estate in the Dominican Republic, for example. Do I need a real estate agent? I think I know where I want to buy already. Here at RESORTTOPIA we are asked this question all the time. The answer really depends on a few factors.
- Are you buying internationally or domestically? If internationally, it is most likely a good idea to have an agent.
- What language is the purchase agreement in? If not your native tongue, best to have local representation.
- Is the price negotiable? If not, there certainly is no harm in having representation. If yes, the agent most likely knows the market better than you. So any bargaining power you give up by having representation will be more than made up during final negotiations.
- You think you know where you want to buy, but do you really? A local agent can show you some alternatives. At the very least it will give you comfort that you made the right decision.
When in doubt, always go for representation. The knowledge they can pass along is well worth the fee they receive.
No comments:
Post a Comment