How To Choose The Right Real Estate Agent

One of the biggest advantages of hiring a real estate agent is that they help us save time. A real estate professional can guide you through all the details, including financial ones, of buying a home. This fastens the process of buying or selling the property. A real estate broker will be well acquainted with all the important things you will want to know about a neighborhood. In short, the reason is to get you a better deal than you would have gotten without one.

Things to look for when choosing a real estate agent

The real estate in India is one of the booming sectors in the country. It plays a major role in shaping the country’s economy. Today, the investors from all the major sectors are getting attracted towards the real estate in India. Property buyers and property owners seek real estate agents helps when looking for best deal on property. Unfortunately there are some unscrupulous or dishonest real estate agents looking to take advantage of first time property buyers or property owners who are not aware of current real estate trend in their neighborhood. Following are some useful tips for choosing the right real estate agent.

• Real estate agents work as middlemen: The property dealers work as middlemen and help a property owner meet prospective buyers easily and surely, and of course by charging a reasonable amount of fee on both the parties of a transaction. It is not only the selling and buying of a real estate property that are being dealt by a real estate agency in India. They also assist property owners to find good tenant for the rental properties. Experts say buyers and sellers should read the fine print on every document associated with the sale or purchase of a house, ask their agent what his or her other obligations in a transaction are and consult a real estate lawyer with questions.

• Real estate myth: The agent with the most listings in town is the best agent to call, the real estate agents are sellers agent, the seller has to pay high commission or broker fee etc are some real estate myth. The truth is that real estate agent or property brokers are part of real estate transaction and hiring a qualified and experienced real estate agents can guide you well through the entire process offering a great deal of help.

• Check Reputation: Reputation is the key factor in looking out for a good real estate agency. Go through the list of properties they deal with and the kind of services they provide. Check the agent’s qualification, experience and the reputation before choosing them.

• Proper license: Real estate brokerage business saw a surge with the boom in housing and real estate market in the past decade. Though real estate agents don’t need any license like builders or developers, an agent must have license to run his consulting service. This is most important thing you need to ensure before hiring a real estate agent.

• Broker Fee or Charge: Before you hire a real estate agent or property broker, you must know their fee or charge. Some agents may skip this question by saying that can be discussed once your transaction is successful or complete. To avoid exorbitant charge or to avoid future disputes, discuss their broker fee or charge.

Choosing right real estate saves your time, offers peace of mind and best deal for the property. An agent becomes as good as family member for the time he/she has the listing or for the time the property is on the market. Remember, a real estate agent who charges a low commission or promises to sell the property for the highest price is not necessarily a good agent. A very important question to ask the agent is if that agent will be representing you exclusively or will they be acting as both the buying and selling agent. If one is selling the property, they should clearly inform the agent as to what they will be including in and excluding from the sale. Before signing the listing contract or deciding on the buying agent, one should always call up the references given by the agent.