Buying a house is most of the time a new step in your life. Therefore it can be very exciting to buy a house. Perhaps you may also not know how to approach this effectively. A purchase broker would be useful in this situation. In this blog we will explain why or why not.
When is a purchase broker useful?
Of course you aren’t obliged to use a purchase broker when buying a house, but it can be useful. This is the case if, for example, when you have little time to look for a house yourself. If you do not know what to look for when viewing a house, a purchase broker can also help. Finally, a purchase broker also comes in handy during all the negotiations.
What does the purchase broker do for you?
A purchase broker can help you with various steps in the purchase process. This allows them to think about what type of house you want and where you can possibly find it. The purchase broker can also sometimes find a suitable home faster through connections. Furthermore, it’s possible for them to make an analysis of the costs of the house. This way you know in advance what the expected costs are and whether this falls within your budget.
Besides this, a purchase broker can also help with the open houses. If you don’t have the time for it yourself, he can do it for you. Even if you are going to view it yourself, the purchase broker can go with you. He looks at the house objectively, and lists the pros and cons for you.
Of course the most important job of the purchase broker is the negotiation. This is where the value comes in for you if all is well. The broker should be able to negotiate a better price than you can. The main reason is that he looks closely at the purchase agreement and tries to take advantage of it for you.
What doesn’t do the purchase broker for you?
The purchase broker can do many things for you, but there are some tasks that are performed by someone else. For example, the purchase broker does have some architectural knowledge, but if in doubt he will still consult a building inspector. Furthermore, the purchase broker isn’t allowed to carry out the valuation himself.
What does a purchase broker cost?
The costs differ per purchase broker, everyone charges different rates for this. Usually the amount is a percentage of the purchase price. Some purchase brokers also charge a fixed price. Therefore it’s adviced to see which broker is right for you.
What else should I pay attention to?
A purchase broker and the associated brokerage may not be involved with both parties. They are therefore not allowed to arrange the sale and purchase of a house. If a house is for sale at a certain brokerage, you cannot therefore hire a purchase broker from the same party.
A purchase broker can be very pricey, so keep that in mind when you decide your budget. Hopefully these tips will help you move forward. Perhaps you even already considered to buy a house in Rotterdam?