Buying a property, especially in a posh community like Beverly Hills, is not only a major financial, but also an emotional decision. Some potential homebuyers assume they can save the real estate agent’s remuneration by going solo. Unfortunately, more often than not, especially if they are not seasoned buyers, they ultimately spend more than the agent’s commission. Partnering with an experienced agent is the best way to ensure your deal goes smoothly. Continue reading to learn why.
- An Expert Agent Understands the Market Trends
A good real estate agent will understand that Beverly Hills has been a seller’s market for a long time, and that demand for homes is far outstripping supply. Equipped with this knowledge, your Beverly Hills real estate agent can help you make a well-informed decision. For instance, your agent can help you get a realistic picture of how much you should expect to pay for your dream home, particularly if it is in one of the area’s most prestigious gated communities.
- A Good Agent Has Insider Information
Experienced Beverly Hills agents know their community and are aware of every luxurious property in it, and whether it is available to the general public. Your agent might have been looking forward to adding a new client to their roster, and the property is just the type of Beverly Hills real estate you are looking for. In that case, the agent can give you an estimate of what sort of financial offer you might have to make to encourage the homeowner to consider selling.
- A Great Agent Will Help You Secure the Best Deal
Finding an agent with a good reputation makes it easier to find the ideal property to buy. A well-known agent will likely be aggressive and unlikely to back down without obtaining a good bargain for their client. An agent only earns such a reputation with much expertise in Beverly Hills real estate.
- A Nice Agent Helps Protect Your Interests
When buying a home in Beverly Hills luxury real estate, an experienced agent will ensure you do not overpay, even if the tight seller’s market somewhat demands it. Besides, a seasoned Beverly Hills agent understands the regulations of your neighborhood or homeowners’ association. As such, if your purchase does not align with the laws of Beverly Hills, the agent will keep you from investing in such a property.
- Agents are More Informative than a Listing
You can definitely search for available Beverly Hills homes for sale by yourself. However, an experienced real estate agent will know more about the property than what is listed, such as hidden features or underlying issues overlooked in the condensed real estate listing.
- Agents Have the Right Connections
The Beverly Hills real estate market might be exclusive, but agents work together. The limited number of luxury properties available for sale means that experienced agents will know most, if not all, of them, and also the agent responsible for selling them. A great agent should have good relationships with other agents, so when a home meets your preferences, they are in a better position to negotiate for you.
Find Your Ultra-Luxury Home with The Fridman Group
When you are ready to buy an ultra-luxury house, partnering with a top-tier realtor who has extensive knowledge of the luxury market is crucial. The Fridman Group is a premier luxury real estate firm serving the affluent community of Beverly Hills. The team of real estate experts brings unrivaled knowledge of the market, both past and present, and what it takes to close a deal. Contact The Fridman Group to get started on your luxury home-buying journey.