Why You Need A Buyer's Agent

Cuenca Buyer’s Agent: Why you need it

Let me tell you about a message I received recently from a friend who was knee-deep in a property purchase gone awry. They were under the impression that there was a power generator in the apartment building they were buying into, only to find out later that it wasn’t the case. Some money had already changed hands, and they were left wondering how to back out of the sale. This situation was another reminder about the importance of having a buyer’s agent, especially for expats navigating the real estate scene here in Cuenca. 

We’ve been providing this service for several years now, mainly via client referrals, but we’re only now openly promoting the service as we feel the need for it continues to grow. 

“But Jason, the realtor, told me several times there was a power generator in the apartment building. I’ve already paid the deposit. Now what can I do to get out of the sale?”

Potential issues with Dual Agents

Let’s talk about dual agents. In Ecuador, they’re not spies or undercover operatives (though it can sometimes feel like they are). Instead, they’re real estate agents who represent both the seller and the buyer during a transaction. Now, you might think, “Isn’t that a conflict of interest?” Well, yes and no. It can be tricky for dual agents to juggle their responsibilities to both parties, often leading to complications, especially when it comes to prioritizing one side over the other. If there is a loser, it is generally the buyer. 

“In Ecuador, there really are only listing agents that act as dual agents. Dual agents represent both seller and the buyer during a real estate purchase transaction.”

Problems that can arise

Let’s face it: buying property can be a minefield, especially for expats who might not be familiar with the local market. One common issue is misrepresentation by agents. They might exaggerate the features of a property or conveniently overlook crucial details, like the absence of that mythical power generator my friend was promised. Then there’s the risk of overpaying. Some agents prey on expats’ lack of market knowledge, convincing them that they’re getting a steal when, in reality, they’re paying way above the market price.

Some agents will even blatantly steal from both the buyer and the seller. One trick is to sell the property at an inflated price, but convince the seller that it was sold for much less. Then, the agent pockets the difference. I’d argue this is straight-up theft. I know this scenario can sound a bit far fetched and I wish it was. Unfortunately, it does happen. 

“Like my friend’s example, agents misrepresenting what the buyer would receive as part of the sale does happen all too often.”

How our Buyer’s Agency service helps

Now, onto how our buyer’s agent service can save you from real estate nightmares. Picture this: you’ve got someone in your corner, looking out for your best interests every step of the way. That’s where we come in. At YapaTree Properties, we take on the role of the buyer’s advocate, ensuring that you have a smooth, fair, and transparent transaction. From negotiation to closing, we’ve got your back, making sure there are no surprises lurking in the fine print.

“At YapaTree Properties, I routinely take on this role as the buyer’s agent or buyer’s advocate, but we also have other team members that help out with this too.”

Cons of our service?

You might be wondering, “What’s the catch?” Well, I’d love for you to challenge me on this, but I just can’t find one. Using our buyer’s agent service won’t cost you a dime. The seller pays the commission, so you get all the benefits without any of the financial burden. The only reason you might hesitate to use our service is if you trust the dual agent more than us. And hey, if you’ve got a lifelong friendship with them and they’ve consistently delivered top-notch service, then by all means, stick with them. But for everyone else, we’re here to make your real estate journey as smooth as possible.

“But for the vast majority of expats, it’s hard to find other scenarios where this makes sense.”


Here are some common queries about our buyer’s agent service. 

What properties do we have access to?

Well, thanks to our extensive network of local agents, we’ve got our finger on the pulse of the Cuenca real estate market. Whether it’s listed on our website or not, chances are, we can get you in the door.

Do we also operate as dual agents?

Yes, we do. That is how the vast majority of the Cuenca real estate agents work. Our buyer’s agent service is a new offering in the market. 

Is the service always free?

For the majority of our buyers, it is 100% free. The only exception is if you are asking us to find something very specific that takes us a lot of manual effort to track down for you. In this circumstance, we may request you to pay a retainer which is refunded should you purchase through our service. 

I’m not sure I’m ready to buy, should I still use this service? 

If you’re still in the decision-making phase, I suggest checking out our real estate trips. This will give you the education on the neighborhoods and market prices to make an informed decision on whether you want to buy in Cuenca. 

Once you’ve decided buying in Cuenca is right for you, then I suggest providing your buying preferences here

“If you’re using our buyer’s agent service, you’ll have a representative that is exclusively looking after your interest as a buyer.”

Contact Jason

Ready to talk? Shoot me an email at [email protected] or fill out our online form to get the ball rolling. Whether you’re a seasoned pro or a first-time buyer, we’re here to help you find your ideal home in Cuenca & surrounds.

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