Agents
become extremely important in the growth of real estate market as they
are bridge the gap between the buyers and sellers and carry out the
transactions real smooth. In midst of a cut throat competition among
agents, it becomes extremely puzzling for individuals in dealing with
their properties. Right from selection if an agent, to working with him
becomes a task. Here are 7 tips in dealing with them.
1. Choosing an agent: An agent must be chosen after conducting a
brief online research. Log-on to an online Property website and check
for the type of properties listed by the agent. Check for depth and
width of property handled. Check the amount of details given with each
property; this will give you a good idea regarding the knowledge of the
agent.
2. Agent’s track record: Individual going to avail the services
of an agent must also analyze his track record and a sound background
check must be done on the dealings he has made. He must be a trustworthy
person. This can be done by asking for 5-6 references i.e., names of
people who have dealt with that agent in the recent past. Please speak
with these people.
3. Area of specialization: Most agents have their area of
specialization. Some specialize in residential where as some in
commercial property. Some deal in new projects whiles other in secondary
market sale. Some in sale of property while other specializes in
rentals. Choose the agent whose specialization suits your property
requirement.
4. Budget of the project: Some agents take into consideration
the budget of the deal. Such agents are either volume agents (who prefer
dealing in low value, but high volume of transactions) while some are
value agents who are only interested in big deals. Choose one
accordingly.
5. Location: Agents work on specific locations. They will have all the knowledge about property in the areas they deal with.
6. Be open: A discussion specifying requirements and preferences
has to be done while zeroing down on any one agent. All terms and
conditions, and commission related issues must be discussed before
hiring one. Not doing these discussion can lead to confusion at a later
stage.
-Makaan
