Tuesday, 22 March 2016

So What Does Your Realtor Do For You

So what does your Realtor do for you ? 
Traditionally the role of a broker or as the modern day avtaar known as realtor, was more an exercise of showing properties and making buyer and sellers to meet. Just about anyone cud become a broker as there are no entry barriers to the trade and all kinds of people enter the trade. The fly by nite operators gave bad name to the business and caused problems to the few genuine brokers in the business.

But the modern day broker is evolving and keeping in tune with the times
1. Role is evolving from that of just finger pointing to being a true consultant in all sense
2. Need to have all round knowledge of not just real estate but all peripherial areas like housing finance, property laws, insurances related to real estate, property management services etc
3. Represent both the buyer and seller as their consultant and ensure that both their interests are protected at all times and the entire process of the deal is not only transparent but also hassle free
4. The broker should have excellent networking skills with affiliated professionals like advocates, architects, builders and all related professionals
5. Today brokers also have to effectively network with brokers in other locations so as to do bussn in other areas and represent their clients in areas outside their jurisdiction
Even in this new age era of direct marketing by Builders, Realtors hold a very important role in ensuring that your once-in-a-life dream home accquistion doesn’t run into rough weather. And again here, how smooth is the process, depends on what does your Realtor do for you ?
Is he ready to walk that extra mile to make you transition smooth, hassle free and memorable in more sense than one ? That all depends on you choosing your Realtor wisely.

What Should buyer or seller look for in a Realtor
1. Is the Realtor is full time in bussn – part timers in brokerage are not serious about their work and cant represent the clients faithfully and do justice to their deals.
2. Qualifications – A well educated and qualified Realtor will certainly be more professional than his counterparts
3. Operates from a office – that way he / she will be accessible when u need them and also look for people who have assistants and fully equipped offices so u can be attended to when they are not around and usually avoid brokers who are one man shows and don’t have time for all the clients
4. Knowledge – all around knowledge of current market scenes, rates, developments, latest in legalities
5. Reputation – get references from past clients, ask about broker’s service levels, his scope of services etc
6. Broker’s networking with lawyers, builders, architects, other real estate
7. Membership of associations – Shows him to be a part of the organised fraternity

How important is a Realtor
1. Typically home buying/selling is the single most important and expensive decision in the Indian middle class life, so it makes sense to get an expert to guide u in the process
2. The Realtor’s experience will guide you thru the complex maze of buying/selling a property and also advice you on the reputation of various builders and projects, current market scenario of realty, and the various pitfalls, so the client can stay away from problems
3. Realtor can be a one point contact for all the various components that go in a deal like housing finance, legal, interiors etc (more like a Single Stop Boutique in Realty Shopping)
So before you commit to use the services of a Realtor next time, ask yourself What does your Realtor do for you ? And make sure that you get your money’s worth for the commission that you will pay.



Credit :  +Ramprasad Padhi 
Mumbai Properties