Mantra for House Hunting with Broker!
It is important for buyers to initially ask the broker about the additional expenses along with the price of the house
The biggest problem in buying a house is finding the right one. If you have a trusted real estate broker to help you, then a lot of problems vanish…Many brokers play various tricks with the buyers for their own benefit. The buyer has to avoid such agents and choose the right broker. What qualities should a real estate agent have? How much experience should he have? Where can you complain if the broker does something wrong? Let’s find out…
Property dealer or real estate agent is a very important link in the purchase and sale of property. In such a situation, it is important to do thorough research about the broker. You must have heard that experience matters a lot. This also applies to the real estate sector. The more experience a broker has in working in the property market, the better. He should have at least 15 years of experience. Apart from this, his professional qualification should also be checked.
The broker should have a strong hold on the local property market i.e. the property market in which you are looking for a house so that when you tell him about your requirement, he has many options. Try to find out whether the broker has a good knowledge of the property prices in the area or not and he can also tell you the advantages and disadvantages of various projects. This will help you buy a quality house at a reasonable price.
Many times it may happen that the location of the project is good, but the track record of the builder is not good. The broker should be able to tell such nuances so that your dream home does not get stuck. When you talk to multiple brokers, you will get to know about their knowledge. So that the buyer can choose the right broker. The agent should also have knowledge of the master plan of the area and the infrastructure plan of the government. Then he can get you a good deal.
A real estate broker or property dealer must be registered with the Real Estate Regulatory Authority of the concerned state i.e. RERA. A registration number is issued to the agent by the authority. The agent has to quote or show this number while selling the property. You should also find out whether the broker is a part of any organization like the National Association of Realtors (NAR) or not. If he is a part of any association, then you can report his irregularities here as well.
While talking to a broker, ask about his past clients and talk to at least 4-5 clients… Talk to your friends, acquaintances and co-workers about the broker… If most of the people recommend a particular broker, then your chances of finding a good broker increase. Search about the broker online. Check their social media accounts. Many customers share their good experiences with the broker on social media.
A broker should be familiar with all the paperwork related to the property…he should understand the complex clauses related to the agreement to sale, sale deed and the expenses involved and he should be able to explain it to you properly. It is important for buyers to initially ask the broker about the additional expenses along with the price of the house.
When the buyer and the seller are at different locations, the buyer’s dependence on the broker increases. In such cases, both parties are unable to meet each other. Much deals are made in a hurry at the behest of the broker so insist on a meeting with the seller before completing the deal. If the broker does not agree to do so then things can go wrong.
A professional and reliable broker can make the process of buying a house easier for you too. All you have to do is choose a broker who takes care of his own benefits as well as yours. If there is any kind of legal dispute on the property, then stay away from such property. Making a mistake in choosing a broker can cause both mental and financial problems.