Choos­ing the right bro­ker

HT Estates - - FRONT PAGE -

Don’t get car­ried away: A bro­ker op­er­at­ing in a lo­cal­ity will al­ways tell you that prices in the area will rise in a few days. To get an ac­cu­rate idea of the prices, it’s al­ways bet­ter to speak to more than one bro­ker In­sist on a di­rect meet­ing: If you live in an­other city, don’t make a de­ci­sion based on the bro­ker’s in­sis­tence or be taken in by his gift of the gab. In­sist on a di­rect meet­ing to avoid get­ting mis­led. Af­ter all, it’s a de­ci­sion of a life­time that you are mak­ing Get an idea about the bro­ker’s com­mis­sion: The bro­ker should in­form you in clear terms about the com­mis­sion that he in­tends tak­ing from you and show you ev­i­dence that the property has a clear ti­tle Check the qual­ity of con­struc­tion: Make sure the bro­ker shares de­tails of the qual­ity of con­struc­tion, age of the property and the cost. Al­ways com­pare sim­i­lar prop­er­ties in the area be­fore ze­ro­ing in on a house Need to reg­u­late bro­kers: Most bro­kers in the In­dian mar­ket are un­reg­u­lated. The new pro­posal by the hous­ing min­istry seeks to bring them un­der the am­bit of the real es­tate reg­u­la­tory author­ity that will is­sue li­cences and may even charge a li­cenc­ing fee

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