The Right Questions To Ask A Real Estate Agent

By Author: Saloni Mehta
Total Articles: 73
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In anyone's life, buying a home is one of the crucial decisions. Hence, it is very important to hire the right agent/ real estate developer and ask the right questions. If a property purchase is made without having all the grounds covered, it would be difficult to go back.

If you want a home in the Maximum City, here are some of the characteristics you can spot in reputed builders and developers in Mumbai like Omkar Realtors and Developers:

1. Being able to organise open houses, meetings with clients and real estate agents.

2. Accelerate promotions of a project/property by creating listings, fliers, brochures, newsletters and more.

3. Update websites, social media profiles, and blogs.

4. Keeping abreast of the time-to-time reviews by renowned real estate consultants.

5. Ensure that necessary paperwork gets done on time like real estate documents, agreements, contracts, etc.

6. Conduct, organize and supervise real estate related occasions/events, like launches.

7. ...
... Have great knowledge on what's the latest status and news in local, regional, and international realty markets.

8. Keeping a constant check on all the active and pending listings.

Once the authenticity and calibre of the agent are vouched for, it is wise to ask a set of questions so that you won't be clueless throughout the home buying process:

1. How much experience does the agent have?

Not that there is anything wrong in consulting with an agent who just started out in the sector, but there is a certain level of assurance that comes with a more experienced agent. Such an agent would have more expertise and knowledge as he/she is the one who's made more sales and have had conversations with more home buyers.

So, it's completely fine to ask them about their experience. In the end, they're the ones who'll be with you through this long process.

2. Ask for a CMA (Comparative Market Analysis):

A good CMA can give out essential information like:

A. The number of homes that are up for sale and the number of homes that are sold in a particular area.

B. A comparison of the details of your desired home and ones that are similar, in terms of price, configuration, and other aspects.

C. Types of homes and home features that seem to be the most popular.

3. What is the growth rate of the area?

A well-informed real estate agent should be able to give you information on the progress or decline rate of a location. The progression of a residential area is attributed to factors like home trends, infrastructure, amenities and the community.

4. Ask for contact details of other professionals who can help

Once you've selected your home, it's a good idea to ask your agent whether they can provide contact information of other professionals like mortgage brokers, home inspectors, interior designers etc. Since they've been in the field a good amount of time, they're sure to have contacts or be part of a professional network.

There are many other things you can ask. All that matter are having clear home buying goals and maintaining a good rapport with the agent that you choose to work with. And there onwards, the home buying process will be a breeze.