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Jason Cohen
Vloženo 28. 1. 2021
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Things to Know When Hiring a Real Estate Agent

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Jason Cohen
Vloženo 28. 1. 2021
Líbí se mi
Things to Know When Hiring a Real Estate Agent

Things to Know When Hiring a Real Estate Agent

Do I Need a Real Estate Agent?

First off, let’s just establish this fact that it’s crucial to hire a real estate agent. Whether you’re thinking of selling or buying a property in Mumbai, you need professional help. For those who think real estate agents are just added expense, you’re merely making the process difficult for you and inviting a lot of burdens. Regardless of how many times anyone has been in a real estate transaction, it can hardly ever be more than a real estate agent’s experience.

For instance, if you are looking for commercial property for sale in mumbai, a real estate agent can provide you with the best listings, information about the properties and also help in negotiating the price. These are only some of the benefits hiring a professional agent will give you.

Handling the legal framework, the government offices, the research of the property location and history, everything requires experience and connections. And this is again where a real estate agent can help you. 

Things to Know When Hiring a Real Estate Agent

Now that we’ve established the need for one, let’s take a look at how you should assess real estate agents. Moreover, you will also need to know about the risks that come with going with the wrong agents. Needless to say, you’ll end up with more workload and stress that you were supposed to avoid if you get stuck with a bad agent.

So, here’s a couple of things you should keep in mind:

Agents Shouldn’t be Part-Time

In India, there’s a trend of trying out real estate like a side gig. This plays a huge role in undermining the importance and spreading a bad reputation about real estate agents. 

It’s obvious that whoever dives into the industry and isn’t fully committed to the job will eventually face problems. These could arise out of lack of experience and awareness. Moreover, people who try to pick up being a real estate broker as a side-gig often find it difficult to take out the time from their other responsibilities.

This is why you should never go with someone who’s a part-time agent. There are a lot of fully committed people who base their lives on their experience as agents. They may not appear in suits and sports cars in India, but you’re bound to run into connected and reliable agents. 

Agents Need to be Responsive

Many people complain that their agent is either not picking up their calls or seems to be appearing shady. This happens mostly in cases in which the communication between the client and the agent is at a minimum.

Whenever anyone is looking to invest or buy a property, even though they’re not in a rush, they still want progress. They need someone to keep updating them on inventories across the state and the contemporary scenario of the market. Agents who lack communication skills or seem to be avoiding conversations are not to be trusted.

Although it’s a different case when the agent is doing their homework for you. That’s why it’s good to give them the benefit of the doubt initially to see what they come up with. If the ignorant and distant behaviour continues with no substantial results to go on with, cut off the deal and look for another option. The market is full of them.

Agents Can’t Strong-Arm You

Never let an agent manipulate your decision about any investment. Many agents who don’t want to work will try to keep upselling the properties they show to you. They’ll also try to discourage you from even checking out other options, let alone visit them or even sit down for negotiations. This is where a client needs to understand that they’re in charge and it’s the agent’s job to make sure that whatever you say goes.

Apart from this, you also need to know that your agent is bound by law to present your case as you’ve stated to other parties. There can be no change in your statements presented to the seller/buyer if you’ve authorized your agent to communicate with on your behalf.

They Need to Know the Market

When considering real estate in Mumbai, a reliable agent will have everything under their scope. Whether it’s a new project from one of the top real estate developers in Mumbai or a pre-established community that offers good ROI, your agent should be up to date.

Knowledge and awareness about the current circumstances across the city are an agent’s top weapons. It’s imperative that an agent presents a substantial list of options for all sorts of properties. Even if they haven’t personally been to any area recently, they must have connections with other agents located there. Agents work with each other and split commissions as they’re motivated to keep the deal with their clients. You can rely on their need to satisfy you to be the motivation they need to listen to you. 

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