subject: What You Need To Know About Real Estate Agent [print this page] What You Need To Know About Real Estate Agent
There are a lot of things that one ought to know about real estate agents before you take the plunge and pay one a visit. These guys can be quite tricky to deal with, are thorough capitalists and opportunists and never leave out on a chance to make money from the deal between the two parties. So, apart from some point that might equip you better to deal with them and some experience shared by those who have dealt with them before, presence of mind is imperative.
The very first thing is that the agent should have a license to buy and sell real estate. The license comes with an expiry date and a copy of the same should be asked for. The copy ensures that the realtor through whom you get the deal negotiated is bona fide and has been officially authorized to buy, sell and advise on real estate. Checking the license is very important to avoid any sort of legal tangles to come in afterwards. There might be a sudden raid from the vigilance department or the local authorities and you ought to have proof that things are there on track and not goofed up with.
The next thing you should know is the period for which the realtor has been practicing in that area and the credibility cum success rate he enjoys. These are important factors considering the stuff competition that exists in this sector and the methods that people adopt to make money. This will help you judge whether the guy is a good party to be dealt with or should be avoided and other options considered. His reputation amongst the local folk counts a lot and determines whether he is good enough to be brought on board.
The kind of deals that he has helped seal so far in his career should be taken note of. The deals should be checked carefully. Papers, money transactions, transparency, transfer of will, verification by local housing authorities etc. are some factors that have to be investigated intricately. These are very important factors involved in property deals and have to be looked into with the highest amount of detail. The mode of cash transfer used by the realtor should be known. The payments mostly happen through ECS, the most preferred way of money transfer. Any cash transactions should be thoroughly avoided for they are not recorded and considered unethical.
These are certain things that you ought to know and will ensure that your deal happens without any hitches. It will serve you good and ensure that you land the right property and pay the right amount of money, with every single part of the transaction being neat and clear. Some research before getting into something never hurts and only solidified your stance. It just ensures that you get things right and are always on track whilst putting yourself into something. They always pay when you try to get adventurous and trudge into uncharted territories.
