Dealing Without a Real Estate Broker

Well, when it comes to dealing in real estate in India, many of us don’t find themselves comfortable in taking services from property brokers or consultants. Some perceive or have experience of irritating business tactics of brokers who push their clients to close a deal as early as possible while some find their charges as an unnecessary and avoidable expenditure.

But when you represent yourself in a property dealing chances are strong that you find yourself swimming into troubled waters immediately or some time later.

So it’s advisable that you consider certain points for deciding on whether you opt for the services of property broker or not:

• Local knowledge: You must have knowledge of the locales where you intend of buying property. It includes information about the surrounding infrastructure and facilities, connectivity links, upcoming projects in the area etc.



• Legal information: Since you don’t hire a real estate professional who could help you understanding the legalities involved in specific real estate transactions, you should have enough of information and exposure to the Indian property laws.



• Hands on experience: Given the complex nature of real estate transactions in the dynamic markets of India, you should have hands on experience in dealing with property sellers, builders and developers.



• Price negotiations: In case you employ a consultant to represent yourself in buying or renting a property, you can comfortably express your intentions and views over the pricings. However when you deal directly with the first party, you feel hesitant of negotiating the deal to the desired levels.



• Procedures and formalities: In absence of any professional help and guidance, you must acquire sound knowledge over the procedures and formalities involved in property transactions. These include sale letter, No Objection Certificates (N.O.C.), property registration, lease deed etc.