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Don’t Pay for Myths: The Whole Truth About Real Estate Agency Services
29 November 2024

There are many myths surrounding real estate agency services, and one of the most common is the belief that buying through an agency automatically means additional costs for the client. In reality, this couldn’t be further from the truth. In this article, we will explain how real estate agencies work, who pays for their services, and why using an agency is advantageous for clients in every way.

Myth #1: Real estate agency services are expensive

One of the most widespread myths is that buyers must pay the agency for assistance in selecting and purchasing a real estate property. However, the reality is quite different. In the primary real estate market (when purchasing a property directly from a developer), the developer pays for the agency’s services, not the client.

For the buyer, this means:

  • No additional costs. You don’t need to factor in agency fees into your budget — they’re already included in the property price.
  • Equal terms for everyone. Developers are not allowed to offer discounts to buyers who deal with them directly, bypassing the agency. This means you’ll pay the same price whether you buy on your own or through an agency, but with far more convenience and safety.

Myth #2: Agencies may sell properties at higher prices

The real estate market is strictly regulated. The price of a property is always determined by the developer. It is fixed in their internal documentation and remains the same for everyone, regardless of whether you purchase the property directly from the developer or through an agency.

It’s important to understand:

  • Property prices are not influenced by intermediaries. Real estate agencies have no right to sell properties for a higher or lower price than what the developer has set.
  • Transparent pricing. All property prices are based on market analysis and the developer’s strategy, not third-party organizations.

Thus, choosing an agency does not increase the cost of the property but instead adds convenience and confidence to the buying process.

Myth #3: I can save money by searching on my own

At first glance, searching for real estate independently might seem like a cost-effective solution. However, in practice, it requires significant time and financial resources. You will need to:

  • Monitor hundreds of listings across various platforms.
  • Call developers to clarify details.
  • Organize site visits.
  • Navigate the legal aspects of the transaction.

Without professional assistance, it’s easy to overlook critical details, which could lead to mistakes or even financial losses.

A real estate agency not only finds options that meet your requirements but also handles organizing viewings, negotiating with developers, and preparing all necessary documents. This saves you time, effort, and money.

Myth #4: Agencies don’t handle legal matters

Another misconception is that real estate agencies only help select properties and that clients are left to handle all legal issues on their own. In reality, agencies offer a full range of services, including:

  • Verifying the documents for the real estate property.
  • Preparing the purchase agreement.
  • Assisting with property registration.
  • Providing consultations on mortgages and other financial matters.

Working with an agency ensures the legal integrity of the transaction and protects you from potential risks.

A Key Feature of the Real Estate Market

It is crucial to note that property prices are determined solely by the developer. Neither a real estate agency nor any private intermediaries are allowed to sell a property at a price other than the one set by the developer.

This means:

  • Regardless of whether you buy directly or through an agency, the price remains unchanged.
  • You don’t pay extra for agency services, as their fees are included in the developer’s marketing budget.
  • The terms of the deal are transparent for all parties involved.

This principle ensures equal opportunities for all buyers and eliminates the risk of unjustified overpayments.

The Benefits of Working with a Real Estate Agency

Here’s what you get when you choose an agency:

  1. Time savings. Professionals will find suitable options for you, saving you hours of independent searching.
  2. Expert guidance. Agencies provide up-to-date information about the market, neighborhoods, prices, and future prospects.
  3. Legal security. You can rest assured that all documents will be prepared correctly and in compliance with the law.
  4. Convenience. All organizational issues are handled for you, from the first consultation to signing the contract.
  5. Completely free service. All agency services are paid for by the developer, giving you access to professional assistance at no extra cost.

Conclusion

Working with a real estate agency is not only convenient but also a rational choice. You save yourself from stress, save time, and get expert support at every stage of the transaction. Most importantly, you don’t have to worry about additional expenses: all services are paid for by the developer.

Don’t believe the myths: buying through an agency is not an overpayment but a smart decision for safety, convenience, and professionalism. Trust the experts, and your real estate purchase will be smooth and hassle-free!