We know a middle man in real estate while buying, selling or renting property, to whom we called Broker, Agent, Realtor and Consultant.
Some of us avoid middle man while buying selling or renting the properties for saving the brokerage. But do you think its worthy for us?
Absolutely not; when it is the matter of unknown parties (buyer and seller) it is very much crucial to get help of a reputed broker of that particular area.
How to know a Broker:
there are lots of online portals where we can find a broker other than that you may use some references call of your relatives or friends in that particular area where you are searching properties.
For checking reputation of broker you must ask some questions with broker like:
FAQ’s of Customer/ Investor to a Broker
- Where is your office?
- From how long you are in this business?
- How much deals you have done so far?
- Ask about some big deals of him, also ask for references?
- Whether he is RERA registered or not?
- What will be the Brokerage?
You might negotiate in brokerage and; if he says I will save your money while dealing you might offer him some handsome amount also.
Why one should have services of Broker/ Agent/ Consultant in Buying Selling and Renting?
Here we have some reasons why should one take the services of a real estate broker.
1. Good Negotiation skillsAny time when you buy or sell your property, negotiation plays a vital role, because of offering and asking, here a broker plays an important role to match up the dealAnd it’s not just about how much money you end up spending or netting. A Realtor will help draw up a purchase agreement that allows enough time for inspections, contingencies, and anything else that’s crucial to your particular needs.
2. Connections:
Although the main object of a broker is to conclude the deal but the real role of broker starts after that, until the deal gets finished from legal paper work. An Agent knows all those who are connected with industry either it is Deed writer, home loan agent, architect, real estate valuation, interior designer or real estate attorneys.
3. Multiple roles playing:
A realtor indeed a salesperson who wants to earn commission from you by his behavior, market research and responsiveness towards you; ultimately everyone wants attention and fast response.
A realtor or broker spends their own money on marketing and advertising your property.
4. Follow Ethics for Building Reputation and Relationship:
Not all, but maximum brokers and real estate consultant follow a strict ethical process to make their reputation in the market, so one should always keep in mind about the reputation of broker in the market so that fraud practice can be avoided.
5. Extra-ordinary Searching Power:
A broker has extra ordinary property searching power which suits to your requirement; he uses all his tools to search the property i.e. Internet, Brokers network of him, Property bank of him and referrals of property owners. Therefore it is very much important
