Introducing Buyer’s Agent
Buying a property is a significant and expensive transaction with long term financial implications that needs to be well thought through. If you buy informed and wisely, a property acquisition can easily become the best financial investment in your life, plus it adds a lot of enjoyment. If not, it can as easily become the worst decision in your life and cause financial distress.
The smart way of buying property requires access to reliable information about the correct assessment of a property, the conditions of the real estate market, the area and location where one intends to buy and last but not least, about the real and fiscal environment that govern property acquisitions.
This becomes all the more daunting, if you are to buy in a foreign country and a foreign cultural environment, where a ‘Yes’ can actually means ‘I don’t know’.
That’s why a buyer’s agent can add a lot of value to your investment and make the acquisition of your dream villa not only easy but also pleasant. A good buyer’s agent has many years of experience in Zanzibar’s property market, helps you to avoid the pitfalls on the way, understands where the market is going, and has the local expertise that is so important to select the right neighbourhood for your property.
But even more important than the buyer’s agent’s knowhow is the fact that she or he is working exclusively for you. Only for you!
That is not the case in the Zanzibar’s real estate market, where agents are paid by vendors and therefore act for and on behalf of those vendors. The interests of the Zanzibar’s real estate agent is aligned with the interests of the seller – not your interests as a buyer.
And that’s why buying smart requires you to appoint a buyer’s agent that has only your interest in mind and is paid and controlled by you: the buyer. It is simply impossible to faithfully represent the best interests of opposing clients, in the same transaction, simultaneously!
[In fact, in certain Countries in the west, the law prohibits agents to work as dual agencies!]