Making the decision to buy a property in India is a difficult choice. You can’t be too sure about not making a mistake. There’s a lot of margin for error and the possibilities are endless. You can either land yourself in a pool of troubles or great ROI. Whether you go for commercial property for sale in Mumbai or the residential sector and pick out an apartment, your returns are guaranteed. However, the trick is to be sure about the deal before you sign everything. For that, you’ll have to know everything about real estate inspection and value.
To put it simply, you either need to become an expert in real estate or hire an expert to help you. Here’s a couple of reasons why:
Ever since the formation of RERA, every real estate project, as well as all the real estate agents in the country, now have to register themselves. That means all their information is available for the public and they are liable to be held accountable for any wrong information or deed that causes legal inconvenience. This also means these guys have to know each law pertaining to real estate in order to abide by it. They’ll make sure nothing goes wrong in terms of the property registration, transaction, negotiation and inspection.
The best part about hiring real estate agents is that you don’t have to bear the burden of going through all the legal troubles. You might not have any idea about what documents you need or where to get them. There are countless official documents that you need to firstly get from some or another governmental office and then get it attested by someone else. Needless to say, those with the proper knowledge can take care of things very easily as compared to those who have no experience in this regard.
Running Background Checks:
Real estate agents can help you through a lot of things. Most of all, they can run background checks on any given property or its owner to make sure that the deal isn’t shady. Furthermore, they can also find out if the property has any dues pending in terms of taxes or utility bills. If there is even a single outstanding fine, your agent will be able to pull it out and update you. Similarly, real estate agents can also find out the previous owners and check with them to see why they originally sold the place. Suffice it to say, if there are problems with the property, your agent will be able to point them out. This also goes for the inspection that they can help you with.
For an untrained individual, it can be difficult to visit a property for inspection and finalize it. It would be a mistake to go at it alone and an even bigger mistake to seal the deal on your first visit. Even if you can’t find anything wrong in the first go, make sure to visit at least 2-3 times more. You can never be certain about everything that can go wrong with the property. This is another point in time that your agent can come to your rescue. They can visit the place with you and help you check the place for any damages or problems. From sanitary and plumbing issues to the type of construction materials used, a real estate agent can have a lot of knowledge. Moreover, they’ll also have a keen eye that can instantly spot the tiniest detail if it can help with the negotiations.
They Can Deal for You:
You can avoid dealing with anyone else but the owner if you have a real estate agent. In fact, you can let the agent take care of the whole deal themselves as well. Since they’re your legal counsel, they’re bound by law to present the demands and offers presented by the other party. Once you have the information, you can decide what to do and consult your agent in this regard as well. Whether you agree with the agent or not, they’re bound to present your answer to the other party as it was stated to them. You can check in with the owner at any given time and see if the agent has been true to the cause. Fire any agent that doesn’t follow the rules or goes rogue. You don’t want someone playing too smart just to seal the deal and get their commission.
Real estate agents are especially helpful if you’re thinking of buying a property from one of the best real estate developers in Mumbai. Not only will they bring you up to speed on the details of the amenities and facilities, but they can also bring in a nice deal tailor-made just for you. Although the chances are slim, it’s possible because real estate agents have contacts and connections that they use only when their clients are likely to make a purchase and give them a good commission.