Where to search for a Agent?
Numerous real estate agencies are listed in the phonebook and on the Internet. Do not pick one randomly. Look for an agent in the area where you are planning to invest.
How to choose a Agent?
Besides simplifying your home search, your real estate agent will help market your property, therefore, evaluate the proposals that you get and choose the most profitable one. Also, use caution while you choose.
Find out as much as possible about the agent before hiring his services. Ask for references. Also, ask family and friends to recommend real estate agents they have worked with.
Check if the agent is licensed and can work full-time on your real estate needs.
Ensure that all agreements between your agent and you are in writing.
Do not pay money upfront to your real estate agent. This could be a loss to you if you don’t buy or sell a property with this agent.
How much Agentage should an authentic Agent charge?
If you are planning to buy property from a Agent, then you have to pay 0.5 to 2 per cent of the deal value. In lease transactions, the Agentage value is one month’s rental or 8.33 per cent of the deal.
What are the advantages of choosing a reputed developer?
It is always advisable to go for a reputed agent and developer, especially for property which is under construction because it covers a great part of the risk. For built-up property, a bigger area in a reasonably good complex with a good clear title would definitely be a good buy. With a builder having market standing you can be assured of the title and delivery. You may end up paying slightly higher, but it is worth the peace of mind.
How to choose a builder?
Check for all the legal pre-qualifications and due diligence mentioned earlier.
Choose a builder who has a previous track record
Ask how many million sq ft he has already constructed and how many projects are underway
Check out his past track record for time delivery
If public listed, check out balance sheet and quarterly reports to see how the company has been faring financially