Is Real Estate Agent Necessary for Home Buyers?

Bangalore: Majority of the people employ a real estate agent to make the selling and buying of their property a less stressful one. They provide you information on the current real estate market and prove to be of great help while negotiating the price. But, the sincerity of real estate agents remains to be a big question.

How a broker can help

Pankaj Kapoor, managing director, Liases Foras stated that "The broker has a deeper knowledge of the locality and can offer you more suitable choices in your budget,” reports Economic Times.

Moreover, real estate brokers can help you finding homes as per your requirements. Hiring a broker saves your time as well. They put in effort to find you home in your preferred location and get you a suitable deal, reports Amit Shanbaug of ET Bureau.

"The broker has researched the property and knows whether it is a distress sale or if the owner is temperamental. Since he can earn a commission only if he manages to sell the house, he will provide a realistic picture of the price of the house to the seller as well as inform the buyer of any problems to ensure a smooth sale," says Sandeep Sadh, CEO of Mumbaipropertyexchange.com, a realty portal.

Furthermore, real estate brokers understand the legal process much better than first time home buyers. Therefore, he can guide you with the required documents and can assist you in registration process while buying a house. It is advisable to approach a reputed broker as he will have good sources from bank representatives to legal experts to people related in the field, resulting in easy and faster possession.