WHAT DO REAL ESTATE AGENCIES SERVE FOR?

A little over six months ago I was trying to buy a flat and I was watching advertisements in magazines and at the internet. So far I didn't succeed and one of the reasons is my choice not to communicate with real estate agencies.

Unfortunately, most of the selling adds are published by agencies. Although my friends are talking me into calling one of the agencies, I consider it's just giving a big commision for nothing. Do you think their fee is justified? Since there are too much of them, is it possible to set a certain quotas and let just serious ones to operate?

-A lot of people often think like you : “Why would I give money for something I can do by myself?“ Unfortunately, they don't think about this – buying or selling real estate is relatively simple, but also very risky procedure and for it's implementation wide knowledge is needed. A good agency, that is a good real estate agent, must understand all lows; construction regulation, architectonic styles, must know basic methods of real estate value calculation and procedures related with cadastre and land-registry.

Educated agent can estimate real estate objectively because he knows the market. In case of construction land, he can perceive space plan accurately and determine what is the possible purpose of future building and what are the urban rules and procedures. We often forget that real estates are the biggest value we own and mistakes we make, are large and expensive ones.

Often buyers or flat sellers don't distinguish cadastre and land-registry. Good real estate agent can help you with registration checking, legality of buying or selling. Important is to know what's cash advance, how to composit a sale contract, who's paying tax and how much.

It happens a buyer or seller composits a contract alone to save money, and usually leaves out some of the important parts of contract that makes it unacceptable to registration. Educated agent should know if contract is composited correctly and in complex cases every good agency cooperates with a lawyer who is doing a legal part of work.

It is expected a new Law will be adopted which could regulate agency problems, education and conditions required for performing this work. Then, every agency could ensure itself from mistake risk and their clients will be fully protected.

So far it's important to choose agency from your town, with educated participants and that accepts service price-list and ethical codex as a mediator. I recommend good mediator services because when you think of mistakes you can make acting alone, fee is acceptable cost.