Risks you may run when acquiring a property without a Real Estate Agent

Risks you may run when acquiring a property without a Real Estate Agent

Risks you may run when acquiring a property without a Real Estate Agent

At the moment of acquiring a property, certain doubts arise, both for the buyer and the seller, and this leads to exaggerate possible risks that may arise at the moment of making this agreement. 

Many times, when a person is in the search of acquiring a property due to misinformation or savings issues, he/she does not have a real estate agent, that is why this article seeks to inform the reader about the risks that he/she may run if he/she is not advised by a real estate agent.

Looking for and choosing a property is not a matter of a day or a week, and even more everything that entails the paperwork for the acquisition of the property and the closing of the deal, when you do it all on your own without the help of a real estate agent it can be more complicated because you could make mistakes in the drafting of any document.

The real estate agent is trained to find faults in the house that a person without knowledge can overlook, many of these faults can be somewhat simple but others can have great consequences and great expenses in the medium or long term.

Another important point to highlight is the value of the house, without having the necessary knowledge you might not give the true value to the property. Below are some of the consequences of not hiring a real estate agent:

  • Investing a lot more of your time looking for properties.
  • Effort and knowledge when doing all kinds of paperwork.
  • Paying a higher cost for a property. 
  • Acquiring a defective property.
  • Risk of being deceived. 

To count on the services of a real estate agent is the safest thing for your well-being, these have experience in the field of buying or selling a property. The real estate agent has a support team that helps you in everything you need, he will also be in charge of informing you the day and time when the visits will take place, he will give you reports of those visits and he will present you the necessary recommendations to achieve a successful purchase.
Therefore, before purchasing a home or making the decision not to hire the services of a real estate agent, it is best that you investigate and know the consequences that this could bring you and thus make the right decision.   
But if you don't have time to search and you don't have the knowledge to do all the paperwork and check the property properly, the most responsible thing to do would be to hire the services of a real estate agent.

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Buen día de Dios, mi testimonio con respecto a la atención brindada por el señor Luis Aguilar, es que desde el momento que le contacte se mostró servicial, colaborador y con una disposición muy buena para ayudarme a encontrar una vivienda a mi gusto y presupuesto. Durante todo el proceso siempre fue muy amable y la verdad muy paciente, a pesar de que demoró por tramites del banco y ya tanto el vendedor como mi persona nos sentíamos agobiados, el sr. Luis siempre se mostró optimista y sereno, transmitiendo esto mismo a nosotros, por lo que considero que su intervención como intermediario fue muy acertada. En hora buena por tener una persona con esta disposición en su equipo de trabajo. 
Dalys C.

Chris frochaux was our Real Estate Agent for selling our condo in Pamana City and he is very good. He was always available when we needed him and stayed in good communication with us back in the US. He worked with us through the pandemic (not an easy time), and his team found us good tenants until it was time to sell.
His advice always proved to be useful. My husband and I definitely recommend him, especially if you are a US expat!

Christy C.

Gabriel Illescas era el agente inmobiliario al que le debo haber encontrado el apartamento de mis sueños en la ciudad de Panamá. Desde mi reunión inicial con él, fue atento, profesional y, sobre todo, un buen oyente.
Yo tenía una buena idea del tipo de propiedad que estaba buscando, y él "acertó" cuando después de un tiempo muy razonable, encontró el tipo de apartamento y el barrio, y me dijo: "Marc, baja". a Panamá, estoy seguro de que he encontrado el apartamento que estabas buscando".
Nunca dudé de su buen juicio y programé un vuelo de Chicago a la ciudad de Panamá para verlo.
Tenía toda la razón. El proceso de compra del apartamento, una vez tomada la decisión, fue fácil y directo.
Cada vez que tenía una pregunta, ¡siempre estaba disponible!
¡El Sr. Illescas es verdaderamente el "agente inmobiliario de sus sueños"!

Marc O.

Mi asesor Ricardo Cabaleiro me guío através de todo el camino, comunicación clara y rapida, me ayudó a tomar buenas decisiones con consejos objetivos. Vendí a un precio justo y de una forma muy eficiente. No tengo queja alguna, excelente servicio

Gabriel V
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