Understanding All The Players Involved In A Real Estate Transaction

Buying a home is often times a once-in-a-lifetime experience since its a very big investment. Being an experience most rarely experience more than once, all that real estate jargon and attributes are quite foreign to the layman.

Aside from the property itself, a major part of any real estate transaction is the various parties involved, in terms of the buyer, seller and their agents (if any).

It is always recommended to enter into these types of transactions with the help of an agent who would be more knowledgeable of the market trends and have the experience in getting you the best possible deal. However, these agents don't work for free. So who fits the bill for the agents?

In this article, we'll help to clarify everyone's role in the transaction and understand how each person involved benefits.

Buyer's Agent

The buyer's agent acts as an adviser to the buyer throughout the entire home buying process. The buyer's agent will use their acquired knowledge and experience to best educate the buyer on current market conditions and find the best homes that matches the buyer's wants and needs.

The buyer's agent will be responsible for handling all negotiations on behalf of the buyer and ensures that the buyer's interests are thoroughly protected. As part of protecting the buyer's interest, the buyer's agent is also responsible for advising the buyer on how to handle any repairs necessary on the property.

At the close of the deal, the buyer's agent will share profits with the listing agent.

Listing Agent

The listing agent is responsible for helping homeowners to sell their home at the highest price possible. This agent is responsible to negotiate with the buyer/buyer's agent to come to an agreed price that both the buyer and seller can agree upon.

The listing agent would split the commission with the buyer's agent. If there is no buyer's agent, the listing agent receives total commission.

Buyer

The buyer pays no commission fee whether he is working with a buyer's agent or not. Any commissions the buyer's agent would make will come from a share of the commission set out in the listing agreement, by the seller, that would be split between the buyer's agent and listing agent.

So if you're a buyer and want to get expert help finding the home of your dreams, take advantage of buyer's agents that are available to you, free of cost, with a wealth of knowledge and experience in finding homes like the one you may be looking for.

Seller

The seller is the person paying the commission out of the selling price they had set for the property on sale. The percentage for the commission is negotiable and is set when the listing agreement is created.

The commission percentage always remains the same after it is set, whether there is only a listing agent involved or if there is both a listing and buyer's agent.

Get help from experienced Belize real estate agents when conducting real estate transactions in Belize. These real estate agents have access to an extensive listing to some of the most sought after properties in the country and are versed in conducting MLS transactions to get you the most suited property at the best price. If you want to list a property in Belize, real estate agents can take the hassle out of lengthy negotiations and get your property sold fast!

Beautiful 5 Bedroom Beach Home for Sale in Belize

Sittee Point Estates is a developing community in Hopkins, Belize. This community provides serene beach living on spacious beach lots without breaking the bank. This amazing property offers just that plus a spacious, modern home perfect for starting a new in Belize.

The home on this 50 ft. by 125 ft. property is 3 stories and boasts 5 bedrooms and 5 bathrooms. It is a recently constructed home made to North American standards. The first floor of the home can be used as an income property. It has a one bedroom apartment or guest suite that is fully equipped with a kitchen, living/ dining combination, a full bath, a garage and storage area. As an added bonus, there's also a large covered deck off the guest suite leading to the sea.

The two upper floors have the main living quarters of the house. The second floor has a large master bedroom with a sitting area for lounging and cane ceilings as well as a master bathroom. Also on this floor is a guest bedroom, guest bathroom, laundry room, and a great room. The great room includes a large kitchen with granite counter tops. Off the great room is a spacious large stone deck, great for outdoor entertaining.

The third floor is a masterpiece with a vaulted ceiling of exotic hardwood. It has a large office area and a second master bedroom with en-suite bathroom that over looks the sea. There is also another guest bedroom and guest bathroom on this floor.

You're guaranteed to stay cool on those warm tropical days as all rooms have a ceiling fan as well as split A/C units. All doors, cabinets and trim in the home are from exotic solid mahogany hardwood. All hardware for the doors (including knobs, hinges, and lock sets) are solid brass with black coating that provides a worn brass patina. The windows are adorned with imported wooden horizontal slat blinds.

This house was built to last your family a lifetime and with the Belizean weather in mind. The foundation consists of 24 piles with heavy pile caps which is able to withstand earthquakes, although Belize isn't prone to them. One weather system Belize is prone to is the hurricane (though the country has been spared for the past few years), and the windows in this home are all laminated hurricane-resistant that provide protection as well as save on energy costs.

On the home's exterior is a 600-gallon water storage.

This property is not prone to flooding and has a good history of generating income as a vacation rental.

To find out more about this great property in Belize and set up a meeting to view the home, contact the Belize real estate agents at CPC.

Exterior

Living area

 

Entertainment Center of exotic hardwood

Kitchen

Bathroom