There is no cost benefit to you for using a buyer's agent when you purchase a condo hotel unit whether that individual is me or another realtor. The prices are non-negotiable, and they already include a brokerage commission. That commission is either paid to the in-house broker who is working for and looking out for the developer, or it is shared between the in-house broker and someone like myself, a buyer's agent who is looking out for the buyer's best interests. Where I can help you most as a buyer's agent is in knowing the product and getting you brochures and other detailed information such as property comparisons and area history all of which will enable you to make an informed decision. Furthermore, I can help you find financing and legal assistance if necessary.
Lastly, if you sign up for our Property Alert newsletter, I can make you aware of new properties about to come on the market, giving you the opportunity to get in the early stages of development when prices are at their lowest, thus maximizing your potential future profits.
The above question was submitted via e-mail by a visitor to www.condohotelcenter.com. The answer was prepared by Joel Greene, a licensed real estate broker with Condo Hotel Center which specializes in the sale of condo hotel units and fractional ownerships in private residence clubs.