Real Estate Mediation: Understanding the Procedures
The goal is to ensure that both parties reach an advantageous, secure, and transparent agreement, ensuring compliance with legal standards and avoiding conflicts.
 
How does it work?
1. The mediator conducts a detailed analysis of the property to determine its market value, taking into account factors such as location, condition and real estate market trends.
2. Home Sweet Home promotes the property through digital platforms, social media, specialised websites and other communication channels in order to attract potential buyers.
3. The mediator acts as a link between the parties, helping to negotiate prices, terms of sale and other important details.
4. Mediation includes the preparation and verification of all necessary documentation, such as purchase and sale agreements, deeds, certificates, among others.
5. Once all terms have been agreed upon, the mediator monitors the completion of the transaction, ensuring that all steps are carried out in an ethical and legal manner.
The main objective of real estate mediation is to simplify the buying and selling process, providing security and convenience to both parties.
 
When talking about real estate acquisition, it is inevitable to address the topic of credit, as this is one of the main resources used by buyers. 
 
Personal loan:
This is a loan granted by banks or financial institutions for various purposes. In the real estate context, it can be used to cover expenses such as renovations, deed fees or down payments on financing. It is generally a quick option, but with higher interest rates than a mortgage.
For example, a customer requested a personal loan of €10,000 to carry out renovation work on their new home. They opted to pay in 60 months, with a fixed interest rate of 8%, which resulted in a monthly instalment of around £212.
 
Mortgage:
This type of loan is specifically for the purchase of property. It offers more advantageous payment terms, such as long repayment periods and low interest rates. To obtain this type of financing, you must meet certain criteria, such as proof of repayment ability and collateral, such as the property being financed.
For example, a customer bought a flat for €200,000 and financed 80% of the value through 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.
 
Commission Plan:
Real estate agents receive commissions as remuneration for their services. This amount generally 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 transaction value.The commission is paid by the seller of the property, unless otherwise stipulated in the contract. It is important that both the buyer and the seller understand the structure and impact of this commission on the total cost of the transaction.
For example, a client sold their property for €300,000 through a real estate agency that charged a 5% commission. The agency therefore received €15,000 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 purchasing a property. Assess your needs and possibilities by comparing the credit options available on the market.

In addition, count on Home Sweet Home to guide you through this process, ensuring a smooth and secure experience. If you are using a real estate agent, make sure you understand all aspects of the commission plan and other costs involved.

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

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