Realty investment is the biggest financial transaction for the majority of the population and hence lots of reference check is involved in the whole process. The Indian real-estate is booming with a good pace and attracting investors across the globe also. It is not only limited to the residential projects, but now the demand is rising for office spaces, business parks, tech parks and more.
sell a propertyStill many of the house owners wonder whether it is a wise decision to hire real estate agent or not? This is generally a debatable topic that the property should be sold without the assistance of any property consultant or agent for a seamless transaction.
In the case of partial knowledge and limited access, seeking legal help might be beneficial and the buyer would not face challenges. The primary job of the agent involves pricing the house accurately, advertisement of property, familiarizing the homeowner with realty terms and regulations and coordinating till the deal is closed.
In recent years, the home selling ways have improved significantly, it has become more transparent, certified and convenient. According to experts, “The major challenge for an individual to sell a property is understanding the basic terms and realities of realty world. The fastest way is to list down the available properties on real-estate websites and getting the profitable deal. A low listed sale price may result into seller losing the money while the property could have more potential. These require a thorough understanding of the real estate market and the agents helps to sell the property at highest possible price within a decided timeline.
Listing the house at a higher price may lead to own cost repercussions, but, one can always lower down the price if it does not reap the any offer in the initial weeks. Though selling the house without an agent leads to extra profit, as there is no need to pay to the agent. Let us gather knowledge about how a broker can guide for a lucrative sale transaction:
Reduced Power of Negotiation
Without a proper industry experience, it can be devastating to manage multiple proposals. Selling the home needs commendable marketing skills and negotiation power. It is not so easy to deal with the buyers who can point out the defect in the house to reduce the selling price. So, having an agent here would help in fixing the price of the property based on the connectivity, amenities, locality and civic facilities.
Improper Pricing
The owners are often not well-aware of the recent realty price trends going on in realty world, there is a high probability that they exaggerate the property prices. The pricing could only be accurate when it is based on buyer’s point of view and if it doesn’t happened then there might be chances that property might not receive any interest. So, the buyer is need to have a dealer who will fetch the correct property price.
Lack of Networking
Most of the agents have a strong network which involves other agents, bankers, lawyers and other legal practitioners. They are obliged to act responsibly and ethically while dealing with both seller and the buyer. The networking skills benefit both the parties and avoid conflicts.
Before finalizing any agent, the homeowner should follow lawful instructions and implement fair industry practices. The agent should have an agent’s license and an authorized licensed real estate agency as the representative.
The Takeaway
Nowadays with booming career options in metro cities, both buyer and the seller has become more conscious and looking for more options at great prices. The buyers are extensively looking for the apartments in Kolkata, Mumbai, Delhi/NCR, Chennai, Bangalore and other tier II cities. Hence, an agent can help the homeowner to get a right deal.
March 20, 2017
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