Buying a property is a time-consuming transaction that involves multiple steps. If you are able to find a Professional Property Agent who is honest, he can ensure that the entire process runs smoothly without problems. is. As there are no entry barriers to this profession – there are no exams to pass or pass, finding a professional agent who is professional and honest can be a challenge. However, you can take some precautions.
First, choose the area in which you plan to buy a house, and then ask people you know from that area to recommend a good agent. Give word-of-mouth recommendation function as your first-level filter. Second, choose options for verified agents. For example, some progressive states like Haryana, Punjab, Maharashtra and New Delhi require property agents to register themselves with the government. Only they can legally act verified.
In the metro, agents are also members of hand story associations such as the National Association of Realtors (NAR), et al.
“Go with a registered agent who is a member of agent support in your city,” advises Sajid Mustafa, a real estate consultancy, manager of Bangalore-based Silverline Realty. “Such a person is unlikely to be a flight-by-night operator.”
See also: Buying a Property? Select Licensed Agent Only.
Service to Expect
The real estate agent should list the properties and you will be shown those that match your specialties. Once you select a property, a price conversation takes place between the buyer and seller and the final price arrives.
Next, the buyer gives the seller a token amount, after which the latter provides the former with a photocopied set of property documents. The agent should direct you to a good lawyer who certifies the same documents. You can also do your homework about the property.
Visit the Office of the Sub-Registrar of Properties and pay a fee to the attorney to investigate the following: There is a clear line of ownership of the property over the past few decades; The seller is actually the current owner of the property; And are there court cases around the property.
If the documents are in proper order, the real estate agent will have a sales agency agreement prepared that will include the price at which the transaction will take place and also the time of payment.
The buyer pays the next installment 15-20 days after the property is registered in the name of the buyer after the balance is paid.
There should be a consultant in these steps to take care of any time problem.
Beware of Unscrupulous Agents
There are many ways in which a dishonest property agent can cheat you.
One, he can get you to buy a property disputed or embroiled in litigation despite having first knowledge.
Two, he can live, and you buy a property in a poor-quality developer project that means the developer has a reputation for delaying projects or lacks the financial power to complete his project.
Three, an agent cannot cheat you by handing over the money owed to the seller. To avoid this, conduct all transactions directly from the seller’s it.
The property agent should also not insist on you. In the case of resale properties, the agent is charged around one percent of the property’s cost to the agent. If the buyer is buying the property from a developer, the agent age fee is paid to the agent. The buyer does not pay for anything.