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Real Estate Brokerage - Procedures and Opportunities

Credit is the amount made available by a financial institution to a client, which must be paid back in instalments with interest and fees. In the property sector, credit is essential for making property purchases possible.

20 Jan 2025 min de leitura

Real Estate Mediation: Understanding the Procedures

What is property brokerage?

Real estate mediation is the process of intermediation between property buyers and sellers, facilitated by specialised professionals such as real estate agents or mediators. The aim is to ensure that both parties reach an advantageous, safe and transparent agreement, ensuring compliance with legal regulations and avoiding conflicts.

How does it work?

1. The mediator carries out a detailed analysis of the property to determine its market value, taking into account factors such as location, state of repair and property market trends.

2. The Home Sweet Home company promotes the property through digital platforms, social networks, specialised websites and other communication channels in order to attract potential buyers.

3. The mediator acts as a liaison between the parties, helping to negotiate prices, sales conditions and other important details.

4. Mediation includes preparing and checking all the necessary documentation, such as purchase and sale contracts, public deeds, certificates, etc.

5. Once all the terms have been agreed, the mediator monitors the conclusion of the transaction, ensuring that all stages are carried out ethically and legally.

The main aim of property mediation is to simplify the buying and selling process, providing security and convenience for both parties.

When talking about buying property, it is inevitable that the subject of credit will come up, as this is one of the main resources used by buyers.

Personal loans:

This is a loan granted by banks or financial institutions for various purposes. In the property context, it can be used to cover expenses such as renovations, deed fees or the down payment on a mortgage. It's usually a quick option, but with higher interest rates than housing loans.

For example, a client applied for a personal loan of 10,000 euros to carry out remodelling work on his new home. He chose to pay over 60 months, with a fixed interest rate of 8%, resulting in a monthly instalment of around 212 euros.

Housing credit:

This type of credit is specifically aimed at buying property. It offers more favourable payment conditions, such as long terms and low interest rates. In order to obtain this type of financing, criteria must be met, such as the ability to pay and the presentation of guarantees, such as the property being financed.

For example, a client bought a flat for 200,000 euros and financed 80 per cent of the price with a mortgage. The bank offered him a 30-year term with an interest rate of 2.5%, resulting in a monthly instalment of around 632 euros.

Commission plan:

Real estate agents receive commissions as remuneration for their services. This usually corresponds to a percentage of the total sale price of the property. The percentage varies depending on the region and the agreement between the parties, but is usually between 3% and 6% of the value of the transaction.

The commission is paid by the seller of the property, unless stipulated in the contract. It is important that both the buyer and the seller understand the formation and impact of this commission on the total cost of the transaction.

For example, a client sold his property for 300,000 euros through a real estate agency that charged a 5% commission. Thus, the agency received 15,000 euros for the service provided, which was paid by the client as stipulated in the contract.

Regardless of your situation, it is essential to plan your finances before buying a property. Evaluate your needs and possibilities by comparing the credit options available on the market.

What's more, you can count on Home Sweet Home to guide you through this process, ensuring a smooth and safe experience. If you are using a real estate agent, make sure you understand all the aspects related to the commission plan and other costs involved.

Do you have any questions? We're here to help! 💬
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