In todays real estate scenario in India where every now and then a new project is being launched
, there are n number of housing options to choose from and almost everyone everywhere is indulging in either buying or selling property. In such a time it is important to take professional assistance before taking any decision, specially people who are interested in buying a new house or selling an existing one. Professional real estate agents are available everywhere in the market to help people make a satisfactory deal. You can rely on a real estate agent for your buying, selling and rental needs. These agents usually charge a nominal percentage of the sales or purchase of real estate assets as commission and the rate vary somewhere between 2 to 5%.
There are agents who charge a flat fee. In such a case, you have to pay the money for the services they will offer irrespective of the final outcome of hiring them. You may or may not buy a home but you will have to pay them for helping you out.
While looking for a real estate agent, dont just go online and blindly select any agent out of the online phone directory; look for an agent in the area where you are planning to buy/sell property. Once you have found an agent, try and get information about him and his past ventures before hiring his services. Seek references and also ask your family and friends to give you contacts of real estate agents they have worked with. Make sure the agent you choose is licensed and also, he should be dedicated enough to work on your real estate needs full time and be able to give you enough options to choose from. All the agreements between the agent and you should be in writing so that there is no scope of any confusion or cheating of any kind. Take time out to go through the fine prints and read all the documents before signing anywhere.
Be an intelligent investor, do not pay the money upfront to your real estate agent and make a fool out of yourself if you dont buy or sell a property with this agent.
The agent should be able to market your property and analyze and evaluate all the potential buyers/sellers and help you choose the best and the most profitable option. He will take care of all the paper work involved in the buying/selling and you can just sit back and enjoy the benefits of hiring a good real estate agent. But you have to be very very cautious when selecting one!