Finding one’s dream home in not easy and the process becomes all the more difficult if you are struck with a not-so-good broker. In order to make the entire process smooth and hassle free it is very important to find yourself an honest and professional broker.
But the question is, why is it challenging to find the perfect broker? Well, the profession has no entry barriers, no specific exam or degree to obtain. Therefore, finding an upright and professional property broker is a challenge.
Steps leading to the Perfect Broker –
First, word to mouth recommendation. Once you have shortlisted the locality, you can ask the residents around for a good broker. Secondly, go for property brokers that are resisted with the government. In many progressive states it is mandatory for brokers to register to operate legally. Always go for registered broker, one who is member of a Broker’s association. TREAT, i.e., Trimurty Real Estate Advisor Team, is a team of professional brokers that are highly compatible in the field.
What services to expect from a Broker?
1. He/she should prepare a list of viable options, suiting your needs and requirements. Once, a property gets finalized, negotiation talks takes place b/w seller and buyer.
2. After the payment of token money and receipt of property documents. A good broker will take you to a reliable layer to check the authenticity of the documents.
3. If the documents are satisfactory and in proper order, the broker then will get sale agreement formed.
All in all, a good broker is their along with the buyer throughout the entire home buying journey. He take care of all the glitches and sees that the client is not cheated.
How an unscrupulous broker can trick you –
1. An unscrupulous broker can get you to purchase a disputed property, despite having prior knowledge.
2. He can get you to buy a poor-quality developer project.
3. He can cheat you in money matters. Always, deal with the seller in matters concerning to money.
4. He can overcharge in terms of fee. Remember, in case of resale properties, a broker only charges 1% of the cost of property. And for properties purchased from a developer, the brokerage fee is paid by the developer.
