Many people don’t like the idea of doing a real estate deal through an agent and feel that direct negotiation between buyers and sellers is more transparent and allows the parties to better look after their own best interests. This is probably true–assuming that both the buyer and seller in a given transaction are reasonable people who are able to get along. Unfortunately, this isn’t always an easy relationship.
Numerous Real estate agencies are listed in the phonebook and on the Internet. Do not pic any randomly. Look for an agent in the area where you are planning to invest.
“An agent should be selected based upon experience, production, research ability and ability to communicate effectively. This is a fluid, data-driven business and the ability to communicate effectively with pointed opinions is vital. All the data in the world is useless without an experienced agent to digest and explain it.”
An experienced real estate agent deals with the contracts and conditions on a regular basis, and is familiar with which conditions should be used, when they can safely be removed and how to use the contract to protect you, whether you’re buying or selling your home.
Registering your property agreement gives you protection. Real estate agents generally have a more realistic view of what a home is worth and good agents are adept at getting that price. Additionally, real estate agents save you time by showing your home without interrupting your schedule more than necessary.
Perhaps the most important function of an agent is to ensure that the contracts and other legal matters are in order. No one wants to get through all the stress of listing and selling their home and then find out that they are being sued over an avoidable breach of contract.
Here are the important things; everyone has to check before sign the agreement.
- Specific apartment allotted, tower number and size.
- Details of area including super area, covered area & carpet area.
- Date of possession, Penalty in case of delay
- Exit option
- Specification Committed.
- Payment Plan
- Details of Land On which project is constructed & the project approval details.
- Possession related charges.