Buying a property is a cumbersome process involving multiple steps. You need professional help to make it easy. In order to achieve success in this objective, you have to find a certified property agent who makes the entire process smooth, without any glitches or delays. As this profession has no screening method to allow entry to upright brokers only, any person can become a broker. Therefore, it is a challenge to get the right agent. Certain measures are important in this regard – to be safe rather than regret later.
What you can do is to select the area in which you plan to buy a property and then ask local contacts to recommend a broker without any sullied record. The initial filter works well as you are likely to get some recommendations. The next step involves seeking verified brokers. Some progressive states in different locations require property agents to register themselves with the government. Only those verified can operate legally. Now with strict regulations in the real estate sector coming into force, you can look for a property portal that allows only certified agents to operate. Sign up with a verified agent for your real estate needs and stay away from shady operators.
Is the agent right if he just fixes the deal, takes his commission and goes his way? Absolutely not. You are not looking for an agent who is a professional only in money matters. Your search for the right agent is over when you find an agent who is willing to perform all his duties as a professional and give you complete peace of mind. The real estate agent must prepare a shortlist of suitable properties and show you the ones matching your specifications. Once you have chosen a property, the stage of price negotiation between the buyer and the seller should be handled carefully as many good deals fall apart because of lack of patience and extra effort which the agent is required to put in.
The agent should do homework about the property records. He should introduce you to a good lawyer who authenticates the documents. As you are busy with your work, you do not get time to visit the registrar offices for searching records, to establish whether the seller is the actual owner or there are other undisclosed co-owners. Preparing the schedule of payment and agreement papers is also the job of the agent. He should structure the deal in such a way that the client is not cheated. That is why it is said that finding the right agent is a tough task. But it is not impossible. You need to plan it carefully and conduct initial checks. If you do not remain wise in selecting the agent, you are likely to encounter serious problems later.
As there are many shady dealers operating in the market, you run the risk of being cheated in several ways. He could make you buy a disputed property or a one enmeshed in litigation despite knowing the reality. Also, he could make you invest in a project likely to be delayed or buy from a developer who lacks the financial capacity to complete the project. An agent should not charge you more than the fixed commission.
A buyer should be aware of certain aspects of the property market and familiar with the tricks of agents. To get more relief, he should find out if there is an online portal where only certified agents are allowed to operate. Then, at least he knows right from the beginning that he is looking at the genuine players and he is going to select a top-rated agent with good reviews on the portal.
Source by Sanjiv Roy
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