News from America tells us of a possible new policy there which bans estate agencies from representing both a buyer and a seller, effectively prohibiting what industry participants commonly refer to as “dual agency.” This is excellent news. For many years I have seen a conflict and so – as you can read on my website – I represent the buyer in this area of the French Riviera.
One of these U.S. policies said “brokers and their agents may only represent the buyer or the seller, but not both parties.” And they raised the question: “How can the same estate agency get the highest price for the seller and the lowest price for the buyer at the same time?” Also there are many aspects that the agency will know about the property which are often not conveyed to the buyer. This is totally relevant to the French Riviera.
It is important to understand that all agencies here represent the seller – they are instructed legally and in writing to do so and they must hold a mandate signed by the seller to that effect.
I believe that by representing the buyer I can negotiate properly with the seller’s agent in the very best interests of my client, the buyer. Also I can structure their purchase in the right way according to their personal circumstances in the best way to protect them from French taxes.
Previous blog postings will help you to understand why using a Property Search agent is increasingly important. Understanding complex fiscal issues relating to investing outside of your home country means that you will be able to enjoy and profit from the purchase of a property here on the French Riviera.
See my previous blogs on using Jackie Pressman at French Riviera Property Search:
Buying a property on the French Riviera – March 2013
and Top 10 tips for buying on the French Riviera – September 2012
Contact me, Jackie Pressman of French Riviera Property Search – I am here to assist you – and my services are FREE to a buyer.