You’ve been looking for a suitable property dealers to invest your money in Gurgaon. You have finally found one who is ready to work with you and help you find the right property for investment. But before you sign the contract, it is better to know as much about him as possible so that you don’t face any issues later on.
A little research will ensure that you hire the best property dealers without compromising on your standards. The real estate industry has its own set of rules that everyone needs to follow if they want to succeed in this field. It is important for you as a client to be aware of these rules and understand your rights before signing anything. Let’s take a look at some useful tips when hiring a property dealers in Gurgaon:
Be very careful with the terms and conditions of property dealers
When you meet with a property dealer, he will definitely make you sign a contract. It is very important to read and understand all the terms and conditions mentioned in the contract. Make sure you don’t sign a contract without reading it. Ask your property dealers to explain every term in the contract so that there are no misunderstandings between both of you. Make sure you also ask for a copy of the signed contract. A real estate contract is a legally binding document, and you should always get a copy of it.
Take time to check the credentials of your property dealers
A person’s credentials can tell you a lot about them. Ask the dealer for a few references from his previous clients. Get in touch with these clients and find out if they are happy with the services of the dealer. You can also find the credentials of your dealer on a website.
Various websites such as 99acres.com and 99bricks.com have a section where people can give reviews and feedback about different real estate agents in Gurgaon. These websites are owned by the major real estate companies in the city and are open to everyone. You can find out if the dealer is a member of any real estate association. Members of the GURGAON REAL ESTATE ASSOCIATION (GREA) have to go through a strict verification process before they are allowed to join the association. This will ensure that the person is legitimate and trustworthy.
A licensed real estate agent is a must
When it comes to hiring a property dealer, you will find both licensed and unlicensed agents. A licensed agent is someone who is registered with the state’s Real Estate Regulatory Authority (RERA). An unlicensed agent is not registered with RERA. Working with an unlicensed agent is not recommended as he might misguide you and put you into trouble. If you want to invest in real estate in Gurgaon, you will have to find a licensed real estate agent who has a valid license issued by RERA. Make sure the license is current and not expired.
Don’t pay any advance until you sign the contract
The dealer will ask you to pay an advance before you sign the contract. Make sure you don’t pay any advance until you sign the contract. You can pay the dealer after you get the property registered in your name. The dealer will ask you to pay an advance to book the property and be listed in the seller’s register. He will also ask for 10-15% of the total cost of the property as brokerage fee. This is the money he will use to buy the property on your behalf.
Apart from these points, there are a few other things you need to keep in mind when hiring a property dealer. Before you hire a real estate agent, make sure you understand their role and what they can do for you. You can also hire a lawyer to review the contract before signing it. Starting your search for a suitable Gurgaon property dealer can be tiring, but it is important that you choose the right one for your needs.