The real estate sector is blooming like never
before these days and considering the kind of growth the sector is witnessing,
most of the people are making investments in properties. In spite of all the
direct contact options available, the reliability of an individual on real estate agents is huge. As they are professionals working in
that sector, you can simply state your requirements to them and then they will
do the needful. Since investment in real estate sector is one of the most
critical decisions that one has to take, consider asking some simple questions
to your agent before buying any property. Check out these questions discussed
below.
1. Experience
and references
A good
real estate agent is the one who has considerable amount
of experience in the industry and knows exactly how to take care of their
client’s needs by staying in the budget. Since this will probably be the
biggest investment that you would make, be very sure that you choose the right
agent. In addition, ask for testimonials and feedback book to know about the
kind of experience their previous customers have had with the agent you are
planning to hire.
2. How
do you negotiate
Real
estate deals are never fixed price deals and therefore you need to hire an
agent who is capable of breaking down the price to a level which is suitable
for you and lies in your budget. This profession demands serious negotiations
and a good real estate should have this quality in them.
3. How
will you charge
In
most of the cases, there is a fixed amount that the real estate agent will
charge as their brokerage fee. This amount will be some percent of the total
deal amount. Other than this, there are a few agents who will charge you based
on per square foot. So be very clear about these aspects and do not forget to
bargain with them in order to bring the rates to a level which is suitable for
your pocket.
4. Geographical
limitations
The
real estate agents have their areas that they are familiar with and prefer
doing the business in those geographical locations. So when you meet an agent
ask them about the areas they are familiar with and the varied options that
they can offer you. Only because they work in a limited area, you should not
have limited options to consider while buying a property.
5. What
is his/her working style
There
are chances that your real estate agent would be representing both sides, i.e.
the one that wants to sell and you, who plans to buy a property. Also, they
might have a team of people with them so that you are contacted by different
people at different times and lastly ask them the way they will be reaching you
and how long the process will take. These simple points constitute the working
style of a realty agent and thus making sure it is suitable as per your needs
is important.
Focus on these simple questions and all the other ones that you have in
your mind and do not hesitate in asking anything to your agent before hiring.
Remember this would be a big investment for you and thus one silly mistake and
create big problems for you. Finally, ensure that you get everything written in
the contract to avoid any sort of confusions with the agent in the future.