PROPERTY HUNTER IN BUDAPEST 

FOR BUYERS ONLY

Budapest Property Hunter against Interest Conflict in Budapest Property Market

Based on backgrounds of current property market situation, we must say that interest conflict needs to be discussed. Real Estate Agent is defined as a company that is dealing with selling properties (offering properties for sale online/offline in an office, for instance, on behalf of developers and individual property owners in Budapest)

                1. Real Estate Agent collecting commission from Sellers when property sold

It means to buyer that Real Estate Agent has a strong co-operation with seller that has negative impact on buyer’s interest. Best practice in Hungary that buyers are receiving free of charge services from Real Estate Agents. They, therefore have a financial interest to act on behalf of sellers only.

                2. The higher selling price the higher commission given to Real Estate Agent

It means to buyer that Real Estate Agent is finding out the highest price the buyer is willing to pay for property.

However, buyer is looking for the lowest price the seller is willing to accept. Real Estate Agent is not able to act on behalf of buyers and sellers at the same time due to financial interest agreed with seller.

BE CAREFUL IN HUNGARY WITH REAL ESTATE AGENTS WHO COLLECTING COMMISSION FROM BUYERS AS WELL. THOSE COMPANIES MAKE PURCHASING PRICE HIGHER THAT CAUSE FINANCIAL LOSS TO BUYERS.

IN HUNGARY REAL ESTATE AGENTS ARE NOT COLLECING COMMISSION FROM LOCAL BUYERS!

What DO NOT Budapest Property Hunter do?

Do not offer apartments for sale neither online nor offline

Do not offer a particular apartment for sale (like a best deal or dream property)

Do not collect commission from Seller

Do not co-operate with Seller and Developer

Do not miss disadvantages of properties for sale

Do not leave Buyer alone to decide whether property price is acceptable or not

Do not share buyer’s details with Seller

Do not act on behalf of Seller and Developer

Do not sell any apartment at all

What DO Budapest Property Hunter do?

Do act on behalf of Buyer only as a local Buyer

Do search property in accordance with Buyer’s standard

Do share all relevant information with Buyer

Do valuate properties and provide appraisal report for Buyer

Do focus on resale/rental potentials with local market prices

Do find out weak points of all apartments for sale

Do negotiate price to find out the lowest buying price

Do mind buyer’s privacy and keep it away from a third party

Do BUY property & Collect commission from BUYER only

What happens if Budapest Property Hunter need to negotiate about price with Seller who is using a Real Estate Agent?

Budapest Property Hunter is working on the lowest price that is achievable on the market. Real Estate Agent’s commission (3%-6%) included in selling price that is payable by Seller. That inflated price is to be negotiated and minimised (to set the final price as low as possible). If Seller is willing to accept the offered price that Property Hunter suggests (negotiated but realistic price) Buyer is able to make a deal at great price

Budapest Property Hunter is finding out the lowest price and put Real Estate Agent under pressure who is interested in property deal (less commission is still better than nothing).

When do YOU need Budapest Property Hunter?

Budapest Property Hunter needed if you are interested in buying a property in Budapest in near future. Relevant Local Information and Reliable Local Partner are key to professional property investment in the market like Budapest where ‘Wild-East Cowboys’ as well as ‘Vampires’ are strongly represented.