First off, one might ask themselves, “What causes me to love what I do?” We believe, the simple one-word answer is: passion. Thus, everybody has at least one passion. Probably, one in each domain of their daily lives. In career life for example, the drive might be to rank as #1, in Nuevo Vallarta real estate. Just as it is for me. At home, the passion may very well be cooking. During leisure hours, photography could be ones’ strongest desire. In sports, it might be baseball. Interestingly, passion takes on all forms. It doesn’t discriminate. Nor, does it exclude specific life-sectors.
Nuevo Vallarta Real Estate Guide
Passion for an activity therefore, whatever it is, is usually fueled by the desire to excel. At something one enjoys. In my own case, the strongest passion is to help people fulfill their residential dreams. Consequently, that desire to excel, has driven me to become tops, in the Nuevo Vallarta real estate business.
Especially noteworthy, is the fact that the accompanying full-spectrum personal reward, is part of my compensatory package. Hence, fulfillment, comes in part, from the satisfaction of helping people every day. Thus, enabling earning an above-average income at the same time.
These are the results, from my own personal career passion. Of course, each individual is different. But, there is a commonality thread, nonetheless.
Common Misconceptions About Nuevo Vallarta Real Estate
One of the most common statements I hear, when a real estate owner, seller, buyer or renter calls, or comes into, our offices is: “I am not sure I can afford your fees, but I have some questions, and I may need some help.”
The truth of the matter is that, you probably cannot risk being without professional representation. Nuevo Vallarta real estate, like any other, is not all that complicated unto itself. However, there are potential pitfalls. You need to avoid these. Perhaps, unfamiliarity, in a foreign country and procedure, are among the top three of those.
First of all, understand that Nuevo Vallarta real estate realtors (and most others also) are not usually paid by you, the buyer (or the renter, as the case may be). Except, in a ‘Single-Agency’ representation situation. Although each situation is different, most of the time, the real estate agency is paid by the property owner, or seller. And, generally, it is on a percentage basis. Similar to the way it happens in Canada, or the USA. For this reason, our fiduciary responsibility as professional Realtors lies firstly, with him or her. As a result, the main challenge we face is to get top-dollar for the property owner or seller.
Responsibilities of A Nuevo Vallarta Real Estate Agent
Thus, often times, there is an offer and counter-offer process that ensues. In addition, contrary, to what a lot of people think, we, as Nuevo Vallarta real estate agents, do not set the price. We only make recommendations, based on our professional experience, in any particular market.
Second of all, another of our responsibilities lies with getting you, the buyer or renter, the best possible deal in your transaction also. As some say, “The biggest bang for the buck.” With that said, please further understand, that a primary role as Nuevo Vallarta real estate agents, is for us to bring a seller (owner) and buyer (or renter) together, in a successful transaction. Otherwise, we as Realtors, generally get nothing, as compensation for all our work. Except, a handful of bills, a story to tell, and some more experience, in the Nuevo Vallarta real estate business.
Myths Of Nuevo Vallarta Real Estate Debunked
Consequently, there is a delicate balance. A balance, arbitrarily put in place. Hence, the requirement exists, to fully satisfy the needs of both the seller and the buyer. This, is what usually gives us Nuevo Vallarta real estate agents a paycheck. But, the question remains, how can any Nuevo Vallarta real estate agent, like me for example, possibly fairly and equitably represent two different parties at the same time? Isn’t that like a double-standard, or a conflict of interests? The short answer is this. Not necessarily so. Why? Because, all parties have had full, complete disclosure, and understanding, going in.
Especially so, when I am working with first-time home buyers (and tenants), there exists a bit of nervousness. These jitters result mainly from lack of knowledge or inexperience in Nuevo Vallarta real estate. Therefore, it’s important for people to ‘reasonably’ understand the process. Thus, my primary reason for writing this article. In alignment with my passion to “help people,” I found it necessary to deliver some clarity to the whole topic. And so, with pen in hand, I’ve set out to explain how we, Nuevo Vallarta real estate agents, for the most part, work.
Keep in mind, that I am also a veteran real estate consultant. I’ve personally been in the real estate business for over 34 years. As such, although still I fit within the parameters set out below; I also frequently get paid from other, non-typical ‘consulting’ activities. Thus, I’ll include a bit about that later on.
Some Important Facts In Nuevo Vallarta Real Estate
According to the International Association of Realtors (our Brotherhood), 93% of both domestic and foreign buyers, used a Nuevo Vallarta real estate agent. Or, an area agent nearby, when buying a property in metro Puerto Vallarta Mexico. By the same stats, 97% of property owners in that area also used a Nuevo Vallarta real estate Realtor, to sell their property. Thus, based on these statistics, it’s quite obvious that the great majority of people work with Nuevo Vallarta real estate Realtors, every day.
Of equal importance, is the prediction, that the “Gen Y” home buyers will be entering the Nuevo Vallarta real estate market with vigor, during the next few years. Consequently, this equates to a huge influx of home buyers. They’re coming mostly from the western hemisphere. But, entering the Nuevo Vallarta real estate market (and others) for the first time. Most of these people have no idea what a Nuevo Vallarta real estate Realtor actually does. Nor, how they get paid. Therefore, a misconception about us is the by-product.
A Nuevo Vallarta Real Estate Case Study
Recently, I had the pleasure of meeting, and subsequently working with, a retiring Canadian couple. Their interest was in finding a condo in Nuevo Vallarta. They were not well-traveled, but due to arthritic conditions, could no longer take the severe Alberta winters. Since both were of retirement age, they decided to explore their ‘golden year’ possibilities in Nuevo Vallarta real estate.
However, they had no idea about buying a home in that marketplace. Particularly important, is the fact that they have only ever owned one home, in Whitecourt Alberta. Neither one, had ever bought or sold a Mexico property. As a result, this couple had many questions, when I met them.
Additionally, they had been looking at Nuevo Vallarta real estate online for a couple of months. Consequently, they were finally ready to get serious about foreign home ownership. One of the first questions Julie asked when she called our offices was, “How much do we have to pay you to help us find a home?”
This is a very common question, for first-time Nuevo Vallarta real estate buyers. Both, foreign and domestic. When I gave them the answer, they were both very relieved. Thereafter, we worked together. With a few days, we went on to find them the perfect condo, in Green Bay 3.
How it All Works in A Nuevo Vallarta Real Estate Transaction
The process is quite simple really, and here’s why. In nearly all Canadian, American and Nuevo Vallarta real estate transactions, the seller, typically pays ALL the real estate fees. Therefore, as a home buyer, you can choose the real estate agent to work for you, at no expense. The exception of course being, single-agency representation. Which, I shall go into more detail about, a bit later.
Especially noteworthy, is understanding that YOU WILL have expenses related to your Nuevo Vallarta real estate transaction. However, realtor fees are typically NOT among those. Of course, in a significant percentage of real estate transactions, the property owner, or seller, pays the Realtor fees. The reason is because he or she hired the Realtor to sell or rent his or her property, in the first place.
Therefore, he or she is considered ‘the employer’. As a result, the onus is upon him/her to pay ‘the wages’ of the real estate agent(s)s involved. A potential buyer is simply the facilitator of a sale happening, in a Nuevo Vallarta real estate transaction. Therefore, he or she does not pay the Nuevo Vallarta real estate Realtor’s fees. Similar, to the way it occurs in Canada or the USA.
Single Agency Nuevo Vallarta Real Estate Representation
However, with the foregoing stated; there is also another possible engagement scenario. It is called ‘Single-agency’ representation. Sometimes, it is referred to as ‘Buyers-agent’ representation. Most people, and many Realtors for that matter, have never heard of it. In this scenario, you (or any potential buyer or renter, as the case may be) would DIRECTLY hire a Nuevo Vallarta real estate Realtor, like me for example. Thus, my role then becomes to exclusively represent YOU. We do this in writing. Hence, I would act on behalf of no other party, in the real estate transaction.
In this arrangement, YOU would be responsible for ALL my fees. In addition, any disbursements related to your Nuevo Vallarta real estate transaction. Although, you may not realize it, the advantages to this technique are many. However, often they are not recognized, or, used to their full potential. Again, this is because of lack of knowledge. Also, inexperience related to the buyer.
First of all, YOUR and yours alone, best interest is solely represented through a ‘Single-agency’ Service Engagement Agreement. Of course, full disclosure, is made to all parties beforehand. That is required by our governing Code of Ethics. Compliance requirements are set out therein, to ensure complete transparency and honesty. Thus, all parties are made fully aware that your Nuevo Vallarta real estate agent, no longer maintains the “owner” fiduciary responsibility. His/her job is only to be YOUR “hired gun.” Therefore, you tend to get a better financial deal overall in this scenario.
How Your Nuevo Vallarta Real Estate Agent Performs for YOU in Single-Agency
As mentioned, in essence, your Nuevo Vallarta real estate agent becomes your “hired-gun”. Consequently, you get a professional negotiator who works for you, and you alone. My job, as your Nuevo Vallarta real estate agent, then becomes grinding-out the very best possible deal, for YOU! Likewise, terms, conditions, price, inclusions, etc., on any property for you, and you alone. In this engagement, little or no regard is given to owner, or seller’s, needs.
Secondly, since you have hired and are paying me directly, as YOUR PERSONAL Nuevo Vallarta real estate Realtor, my responsibility and loyalty, now lies with you, and you alone. As a result, the owner or seller pays nothing to the ‘Buyers Agent’. And, in fact, the owner or seller usually gets a rebate on what would normally be the selling agents’ portion of the total gross commission payable. Hence, since I am now NOT being paid by the owner/seller, I no longer maintain the obligation of representing him/her, first and foremost. We do this a lot, in commercial real estate transactions. But, it is really catching fire in residential Nuevo Vallarta real estate, as well
Sometimes, this is not a popular position for a Nuevo Vallarta real estate agent to be in with owners. Or, other Nuevo Vallarta real estate salespeople for that matter. The reason is simple. We go into it, with a grind-you-down approach. Both on price and terms. However, this representation is the best YOU can possibly have! Plus, you end up with EXACTLY what you want, at no compromise.
The Importance of Knowledge in A Nuevo Vallarta Real Estate Transaction
For foreign, or even local home buyers, the foregoing is all very important information. There are many steps in the home buying process. Hence, knowing your options in advance, makes the most sense. And, finding the RIGHT Nuevo Vallarta real estate Realtor is crucial. It serves you well, as soon as you are ready to pursue foreign home ownership.
Consequently, in the first scenario, my services are free to you. As a result, you might as well use them to their fullest potential. Ask as many questions as you feel necessary. Do all this, BEFORE you sign the OTP (Offer To Purchase). However, even as your personal Realtor, I still maintain a responsibility to both you, and the owner, or seller. But, in the ‘dual-agency’ arrangement, remember this – my obligatory requirements lie firstly, with the seller, and secondly with you, as buyer – even though you are the one, who is actually, my client.
Profile Snapshot of Your Nuevo Vallarta Real Estate Realtor
A professional full-time Nuevo Vallarta real estate Realtor looks at homes every day. He or she is not a novice. Nor, part-time, or hobby practitioner. He or she, just as I, has an acute passion to help people achieve their real estate goals, desires and needs. I have seen literally, thousands of homes and condos, at this point in my career. Passion has committed most high-quality Nuevo Vallarta real estate agents (and certainly, it has for me), as life-long, successful career people. Not, part-timers. Our knowledge of the industry, and Nuevo Vallarta real estate market is invaluable. Both, to foreign and local clients, alike.
In the second scenario, called ‘Single-Agency’ or ‘Buyers Agent’ representation, YOU bear the costs. In return for that expense, you enjoy having a distinguished, seasoned, veteran professional Nuevo Vallarta real estate practitioner, (me, or someone like me) represent you, and YOU ALONE. Every step of the way. For this representation, you typically pay an hourly, or lump sum fee. The fee amount depends upon what is agreed to in the SEA (Service Engagement Agreement) at the outset. Usually it is based, on the degree of expected difficulty. Also, the time it will take, to fill your order.
Bumps & Bruises of Being a Realtor in Nuevo Vallarta Real Estate
Lastly, in single-agency representation, since I began my career in 1982, owners and sellers have called me some pretty nasty names. Especially so, when I bring them a low-ball OTP (Offer To Purchase). Or, when constructively criticizing their property. Thus, justifying that lower than desired offer. The reasons for this are obvious. They feel like they are being insulted, pushed or goaded. And, in essence, they are, to some degree. That’s what you hired me to do. Therefore, I fully expect in advance, to encounter some bumps, bruises and abrasions along the path.
However, with some rapport building, technique and explanation along the way, nearly all MOTIVATED sellers understand my position. After, they overcome their initial anger. Moreover, it is all part of the business. My passion to rank among the best, as a Nuevo Vallarta real estate agent, keeps me resistant to insults and emotional bruising.
Personal Factors Governing Nuevo Vallarta Real Estate Transactions
Finally, there is one more very important thing to keep in mind. A real estate transaction for a buyer, is typically an emotion-based decision. What that means is, that most buyers buy a home of any kind, based on their ‘love’ for certain features. Examples, could be a beautiful kitchen. An ideal floor-plan layout. The perfect master bedroom. Maybe, lavish bathrooms. Or, family needs being met. Perhaps, it has the ultimate backyard. Regrettably though, this approach, often clouds good judgement.
Consequently, emotional buying can sometimes have a disastrous outcome. Flaws or needed repairs in the home, are often overlooked. Occurring, due to the blinding effect, emotion accompanies, and brings with it. Thus, the phrase ‘Caveat Emptor’ (Latin for: Let the Buyer Beware) comes into place. Not a good position for YOU as a buyer, to be in, when buying Nuevo Vallarta real estate. Also, when purchasing real estate in any other area, for that matter.
On the other hand, owners and sellers are also emotion-based. However, it differs a bit. Their emotion is also a ‘love’ of sorts. But, mostly by attachment or sentimentality. Also of course, they place value on their costs, whether justified or not. Such as, the heavy-duty drywall screws hold the gyprock in place.
The Difference Between Good Value & Poor Value in Nuevo Vallarta Real Estate
But, there is another HUGE (and often valueless) factor, that comes strongly into play with sellers. It’s called, “The Listing Price THE LISTING PRICE.” Largely, a seller, often bases the property asking price on what he or she “thinks” the property is worth. He or she also bases the price, on how much money they have invested into the property. Lastly, they base their property price on perception of how much money they ‘need out’ of it. Whether valid or not, their mindset is what they need, to achieve the next phase of their real estate life. And, they often do so, with little or no knowledge of what the current market is. Let alone, what the market will bear.
Remember, real estate, not only in Nuevo Vallarta, but anywhere, is based on supply and demand. Thus, lots of supply, lower prices. Lots of demand, higher prices. It is this, that causes us real estate professionals to refer to the phrase, “What the market will bear.”
Price Realities in the Nuevo Vallarta Real Estate Market
However, the reality is that LITTLE of this, will necessarily have any bearing on HOW MUCH, the property is ACTUALLY, worth. Or, how much it will sell for! None, of the seller’s emotion-based pricing evaluations, has any bearing on what a buyer will pay, based on “what the market will bear. That’s why, listings expire and don’t sell. Summed up, the price was simply too high in that market, at that point in time.
For example, a home seeker could care less, if an owner has used “heavy-duty, platinum-plated” nails, or Sherwin Williams paint. Nor does he or she give a hoot, that the owner got gypped at the time of his/her purchase. And, over-paid for the property in the first place. Similarly, if there is a market slump. Likewise, a Nuevo Vallarta real estate buyer doesn’t care one bit, that an owner/seller got ripped off by the developer. Such examples of this, was allegedly the case with Taheima Wellness Resort & Spa (now Condominios Taheima), and many others like Acqua Peninsula.
A Bit About How Value is Actually Determined in Nuevo Vallarta Real Estate
But at the end of the day, it’s not the buyer’s problem. Therefore, factors such as this, ADD ZERO value, to the property. Regardless, of how much money it cost the owner/seller. The property will sell for what it is worth. After working with thousands of buyers over the years, I tell you this not to insult, but rather, as insight. So to speak, to forewarn you. It will NOT make one iota of difference to a buyer, how much money it cost the owner or seller in the first place. Period! To debate the point for a minute, or all day long, is futile.
Here are the hard, cold facts, my friends. These are tried, tested, proven, true, and trustworthy. Hundreds of thousands of times over, not only by me, but also, by millions of colleagues around the globe. I, for example, as a Nuevo Vallarta real estate agent, DO NOT set, or determine the property price. My role is limited to giving an owner or seller, some pricing guidelines. These are based on my expertise, in a given market. Ultimately, the seller, takes them or leaves them. In the end, he/she sets the asking price.
How We Arrive at A Proper Asking Price in the Nuevo Vallarta Real Estate Market
This process is basically completed by using 3 factual tools. First of all, similar properties that have sold are taken into consideration. This tells us approximately (with all things being equal), what other, previous buyers were willing to pay.
Second, we take into account properties that are currently on the market. This tells us exactly what your property’s competition is. It also tells us, what other properties a potential buyer has at his/her disposal to choose from. Or in other words, what else, he/she is likely to look at, in making his or her buying decision.
Finally, properties that have not sold (expired listings), are also taken into account. This gives us a very accurate measuring stick, of what previous buyers, in a given market, WERE NOT willing to pay. We call it a CMA (Competitive Market Analysis).
Competitive Market Analysis in Nuevo Vallarta Real Estate Evaluation
In the CMA, we Realtors (and Appraisers too), do manual adjustments for things like age, location, condition, inclusions, chattels, etc. Once completed, we arrive at a very accurate ‘fair market value’ for your property. Simply stated, property PRICE is largely determined by one thing, and one thing alone. Value is derived, from what a buyer is willing to pay, AND, what a seller is willing to sell his/her property for. As hard a pill as it might be to swallow, keep these points in mind, if you are an owner/seller. All a potential buyer cares about, is needs fulfillment and price. That’s it folks!
And, believe me, that buyer will ‘shop around’. Doing many comparisons, before signing an OTP contract! Don’t let anybody tell you any different. And, for sure, don’t be suckered into believing otherwise. If you choose to disregard this advice, you will probably find your property on the market, with a for sale sign, for a very long time to come.
Correctly Price Your Nuevo Vallarta Real Estate For Sale
Therefore, price your property right at the outset. The more days it is on the market, the more ‘stale’ it becomes. By the minute! People see it not selling. Don’t worry about being a little too low with your price. If you are, the market will compensate you with multiple OTP’s. Some of which, will undoubtedly be MORE than the list price. Why? Recall, what I told you earlier about “supply and demand.” Far better to be too low and receive multiple offers, than be too high and receive none!
Of course, location, chattels, amenities and all the other factors, make some difference. However, that difference is small and insignificant, by comparison, to price. Furthermore, these are already taken into consideration and adjusted, in a properly completed CMA. Consequently, if a property is ‘priced right’, it WILL sell. If it is not priced right, it WILL NOT sell, no matter where it is located. No matter what kind of paint it has. Or, how private the backyard is.
Buyers and Nuevo Vallarta Real Estate
Remember another very important thing. There is a buyer, for everything. But, that buyer is spending HIS or HER money. He or she, is shopping with objectives in mind. Therefore, he/she is going to get the most for “bang for the buck,” no exceptions. If, that does not happen with your property, it will at another. Either way, I am going to find my buyer the property that suits him/her. Together with, all the right terms, conditions, and chattels. As such, don’t miss your chance. You only get one shot at it. A motivated buyer, such that I have, is ready, willing and able. And, is going to buy something – TODAY!
Furthermore, your property can only sell once! Not multiple times. Therefore, don’t miss the bus, by “waiting for that better buyer to come along and pay a higher price.” The fact of the matter is, he/she does not exist. It’s what we refer to as a “virtual hologram buyer.” Why? Because he/she does not exist in real life. He/she only exists in your mind, as a hesitant seller. Buyers come, and buyers go. Don’t miss yours!
How A Nuevo Vallarta Real Estate Agent Gets Paid
Those, friends, are the realities of the real estate business overall. Therefore, now that we know who pays the Realtor fees in a real estate transaction, and how it all works, let’s look briefly, at how a Nuevo Vallarta real estate agent gets paid.
Here’s an interesting real estate fact or two. First of all, with the exception of single-agency representation, Realtors do not get paid until after closing. In fact, in most ‘traditional’ or, dual-agency real estate transactions, the Realtors are the very last ones, to be paid. When a Nuevo Vallarta real estate Realtor is working to find you a home, they know, that they will not make a Peso, unless you purchase, using their services, to do so.
Nuevo Vallarta Real Estate Agent Follow-Through
Consequently, it’s not enough for the Nuevo Vallarta real estate associate, like me for example, to simply get the OTP contract signed. Nuevo Vallarta real estate agents must stick with the transaction. Part of their job, whether single or dual-agency, is making sure your transaction makes it to the closing table. In dual-agency representation, if the deal doesn’t make it to closing, the Realtors will not get paid.
Dual-Agency transactions are those where the seller pays the real estate agency fees. Payment comes out of the proceeds, from the sale of their property. That is, assuming, there is enough equity in it in the first place. If the deal ‘falls apart’, before making it to closing, the real estate Firm will typically never get paid a dime. And, neither will the Nuevo Vallarta real estate associate get any compensation for all their work.
This is but one of the reasons, that being a Nuevo Vallarta real estate Realtor, is so difficult. Also, it’s the primary factor governing, why so many drop out of the real estate business. Put another way, no deals, no income! Consequently, in a dual-agency situation, here’s the process of how a Nuevo Vallarta real estate Realtor, gets paid upon closing.
How the Closing of A Nuevo Vallarta Real Estate Transaction Boils Down
Once a deal is ‘solidified’, with the buyers deposit money is in place, and, all conditions satisfied; the initial deposit money goes from the buyers-agent Brokerage Trust Account, to the sellers-agent Brokerage Trust Account. When this happens, the money also becomes non-refundable. At that point, the transaction deal is referred to as unconditional. Then, from the sellers-agent Brokerage Trust Account, the deposit money the buyer gave, together with the mortgage money, and/or, the remaining ‘cash to close’ balance, goes to the seller’s Lawyer’s Trust Account.
Notaria & Lawyer Roles in Nuevo Vallarta Real Estate Transactions
Or, in the case of Nuevo Vallarta real estate, it typically goes to the sellers Notaria. After all parties have signed off on the sale/purchase and the remaining money has been delivered, the Lawyer or Notaria, then disburses related funds, Finally, to both the seller’s agent Brokerage, and to the buyers-agent Brokerage. Then, and only then, does the Nuevo Vallarta real estate associate (me), get paid, for the work I put in for you.
Theoretically, Nuevo Vallarta real estate associate’s commissions/payments, are supposed to only come from the Brokerage, at which you work. However, in Mexico, that is not always the case. Just get in touch, if you’d like to know more.
All of this is coordinated before the closing. In a dual-agency representation, Realtors can get paid right after closing. If, and only if, everything is documented correctly, the transaction funds, and, the deal closes properly. So, you see, properly done, there is never any risk for either side – buyer or seller.
Assurance A Nuevo Vallarta Real Estate Agent Will Care For You
Each year, Realtors pay tens of thousands of dollars in fees, dues and expenses, out of their own pocket, in advance. Licencing requirements and retention demands this occurring. Whether or not, they have any closings coming up, makes no difference. Therefore, many Nuevo Vallarta real estate agents and associates are very motivated. They have to do what it takes, to get transactions closed, or starve.
Thus, depending upon how long the closing date is set after the transaction was initially born, will determine the Nuevo Vallarta real estate agent’s (my) ‘payday’. High-producing, professional, career Nuevo Vallarta real estate agents such as me, for example, could conceivably have several ‘paydays’ in any given month. However, it is not dependent upon how many transactions are written. Rather, it is solely dependent upon how many successful transactions are achieved. In other words, how many that actually close.
Low-Producing Nuevo vallarta Real Estate Agents
Conversely, low-producers, part-timers and novices might only have a single payday, or maybe, none at all, in their entire tenure. Therefore, watch out! This could have a very negative outcome for you. I once worked with a lovely lady, who in an entire year, only wrote one successful deal. It was a really tough go for her and needless to say, she quit the business. Lastly, that’s why so many don’t ever achieve longevity in the Nuevo Vallarta real estate business. They simply cannot live, on what income, they generate.
How would you feel having one of these poor souls, working for you, on your deal? Or, having the sale of your home, in their hands? Probably, you’d be a bit uneasy. That’s why I have given all the cautionary advice in this article. In alignment with my goal of “helping people,” I find it only right, to give the straight goods. There is nothing to gain or lose for us, by doing otherwise. However, you as a property owner, or as a buyer, certainly could have something to lose. I say that, because if you happen to get one of these ‘low-producers’ working on your deal, you might not have the best representation possible.
How Nuevo Vallarta Real Estate Fees Get Determined & Set
It’s important to note, that Realtor fees are negotiable. Of course, all high-quality Nuevo Vallarta Real Estate Firms have ‘in-office’ guidelines that the sales agents and associates must adhere to and abide by. However, sometimes exceptions will be made in a particular situation, for a variety of reasons.
As a home buyer, Realtor fees are typically NOT negotiated, or, negotiable for you. In a single-agency arrangement, the Nuevo Vallarta Real Estate Firm, such as URBREG International Real Estate Group, knows roughly, how many man-hours it will take, to complete a successful transaction. In a dual-agency scenario, it doesn’t matter to the buyer, since the seller is paying those fees anyway.
Any fee negotiations in a dual-agency arrangement typically occur between the Nuevo Vallarta real estate property ‘listing agent’ and the home seller. But alas, as in any industry, you get what you pay for.
Beware Of Discounted Realtor Fees In Nuevo Vallarta Real Estate
It’s possible, that you might be able to get your Realtor fees discounted. As a home seller, you are entitled to ask your Nuevo Vallarta real estate listing agent about that. However, make sure that you are still receiving the highest level of service. As with anything, more often than not, a discounted fee, equates to a discounted service.
Typically, Realtor fee rates will vary between five and twelve percent, of the property gross selling price, before taxes. Generally speaking, something is getting cut from the service package, when the Nuevo Vallarta real estate listing agent is agreeable to discount their real estate fees.
Usual Commission Percentages for Nuevo Vallarta Real Estate
Similar, is the situation in a single-agency service engagement. There are Firms who will discount their fees, just to ‘buy’ your business. So, watch out! Consequently, let me play the devil’s advocate here for a moment. I’ll only pose the following two questions.
First, once they have you signed up and are under contract, how hard do you think the ‘discount’ Nuevo Vallarta Real Estate agent will actually work for you, at a reduced rate?
And second, will they give it ‘their all’ to represent your best interests and aid you in achieving your Nuevo Vallarta real estate goals?
Summary Conclusion & Final Advice For Nuevo Vallarta Real Estate
There are many good places to save some money in life. However, real estate transactions are generally NOT the best place, to go cheap! A high-quality Nuevo Vallarta real estate Realtor will NET you the best results. In addition, he or she will get you the highest possible amount of money for the sale of your home.
And, he or she will do so, in the least amount of time. Probably, with the least amount of stress and inconvenience too. He or she is motivated to do so, to some degree, by the commission receivable when the job is done. But more so, and lastly, I am motivated to do so, by my passion to “help people.”
Therefore, with that in mind and generally speaking, if you ‘cut commission’, you lower the motivation of your chosen Nuevo Vallarta real estate agent. Consequently, you will most likely also lower your homes’ selling potential too. Probably, it’s something to think about. Best advice suggests, you do so BEFORE, choosing your Nuevo Vallarta real estate agent to list your home for sale. Or, to represent you in the purchase of one.
Personal Help with Nuevo Vallarta Real Estate is Available Anytime
Finally, whether you’re seasoned in Nuevo Vallarta real estate, or a first-time buyer, I’m here if you need help. Even if only, you’re wondering what the first step for you is. Get in touch anytime! My passion is to help. In closing, here’s another fact and thought for you to consider.
Nuevo Vallarta Real Estate Agent Choices
Out there, are many Realtor choices, just as there are doctors. Consequently, IF, you needed a heart transplant, would you want the very best specialist doctor on the job, or, the part-time, ‘discount one’, at the corner walk-in clinic, to do the task?
Likewise, a home is the very largest purchase or sale, you are ever likely to make in your entire lifetime. Getting, or selling one, is a pretty serious undertaking. Therefore, do you want to gamble that with that ‘part-timer’, or, ‘discounter’? Or, would you want the very best Nuevo Vallarta real estate associate working for you, on the task?
Just remember, it’s all about NET positive results. All the rest is secondary. High-yield net results for you, takes marketing and negotiating experience. It also takes dedication, knowledge, showmanship, salesmanship and passion!
Get in Touch About Nuevo Vallarta Real Estate
I hope you have enjoyed this article and found it helpful. Probably, if nothing else, you learned a thing or two about Nuevo Vallarta real estate.
Also, it’s a great idea for you to LIKE & FOLLOW US on Facebook, on Twitter, on Pinterest. Perhaps also, on Instagram or Google+ and maybe even on Linked-In. That way, you’ll see all our latest info. We use social media extensively to enhance awareness.
If at any time, you have questions, just shoot me an email, contact us online, or, give us a shout, toll-free from Canada & the USA, at 1 877 9 URBREG (1 877 987 2734).
Or, from within Mexico, you can call Rogelio in Spanish, at +52 322 200 1889 or Karina in English, at +52 322 146 8325.
rom internationally, you can reach our Nuevo Vallarta Real Estate Client Care Team area Offices at 011 52 322 146 8325.
Any of our Nuevo Vallarta real estate Customer Service Team, would be delighted, to lay out the whole home buying or selling process, from beginning to end, for you.
Please note, that even though this article was written specific to Nuevo Vallarta real estate, the same principles largely apply, regardless of geographic location.
Thanks For Checking Us Out at Nuevo Vallarta Real Estate
Should you be interested in a rewarding career in real estate, or perhaps your own business Franchise, you couldn’t have made a better choice, than URBREG International Group. The best training and support available anywhere. Get your application in to Human Resources today!
We’d love to add you to our list of over 6,200 highly-satisfied clients who have made us their choice, to date. URBREG’s Nuevo Vallarta Real Estate Client Care Team looks forward to serving you, in any way you need us, soon. Opportunity to earn your business and exceed your expectations in Nuevo Vallarta real estate, is a goal for us.
#ThanksAMillion for stopping by to read our article. We hope you enjoyed it and found it helpful. If so, #HelpUsOut and #SpreadTheWord for our Firm, #TheUrbregTeamOfExperts, by SHARING this article on your favorite Social Media provided below.
Our Nuevo Vallarta Real Estate article was LAST UPDATED: 12 August 2018