What Does a Real Estate Agency Do?

Many buyers or sellers choose to use agents. This allows you to significantly save time, nerves, and ensure the security of the transaction.

Provided, of course, if the real estate agent is verified. An expert’s salary directly depends on the amount and number of those transactions that have been concluded. There is no fixed rate in this profession.

The question arises: what should a real estate agent do? What are his duties, what should he know? Let’s figure this out.

Who is a real estate agent, what is his main occupation?

He provides intermediary services when a sale and purchase transaction is made or a lease agreement is drawn up for various real estate objects. To earn money, the intermediary must find the one who sells the real estate, as well as the buyer for it.

After these measures, real estate agents in Noida help the parties to conclude an agreement profitably, which is the main task of the realtor.

Consider the areas of activity covered by the work of a realtor, for a more accurate understanding of what he does.

  1. Agents accompanying commercial real estate transactions;
  2. Specialists dealing with private real estate;
  3. Realtors, making out transactions on land plots.
  4. Personal qualities of a professional

In order to study the work of a realtor, it is worth considering what personal qualities he should have. This is working with people, and it is never easy with them.

Therefore, a realtor who wants to achieve success must have the ability to convince the client, since the buyer must be sure of choosing exactly the object that you offer. Based on this, a representative of such a profession should be distinguished by such qualities as:

  1. The ability to convince the client, that is, to have communication skills;
  2. Resistance to stress, the desire to learn something new and useful;
  3. Serious attitude, high level of self-organization;
  4. Patience, leadership, intelligence and a strong spirit;
  5. Thoroughness in the performance of work, attention to detail.

In order for the work to be successful and as efficient as possible, the realtor must be distinguished by knowledge in the field of economics, jurisprudence, and psychology.

He is obliged to know the market “perfectly”. Especially considering its frequent interchangeable nature.

What a real estate agent does: basic responsibilities

The real estate agent in Delhi is obliged to perform the following functions:

  1. Search for clients, as well as real estate for them;
  2. Demonstrate real estate to potential buyers or tenants;
  3. Help draw up transactions (prepare the necessary documentation, register property under an agreement from buyers in government agencies);
  4. Provide consultations in the execution of contracts to its participants within the boundaries of their own activities;
  5. Advertise property that is going to be sold or rented out.

In order to be able to work as a real estate agent, you do not need to receive specialized education. In fact, there are no educational institutions that would teach this profession.

Anyone who wishes can do this type of employment. However, this requires a certain list of knowledge, qualities, skills. After all, in order to receive a salary, you need to sell. In order to sell, you need to inspire confidence, win over.

6 Things To Know Before Buying A Villa

real estate agents in Gurgaon

Are you looking for a luxurious villa that shows up with all the freedom, security, better lifestyle and the best return value? Whether you desire a full-fledged villa in the city’s heart or a Malibu-styled villa near the sea, making a right of purchase definitely involves a decision fraught with scaled-up concerns.

While deciding to buy a new villa, here are the following points that you should keep in mind:

Collect Information

Start with collecting up on all the essential information you can get before buying villas. Usually, villas are essentially wholesome projects that are taken forward through subscriber association and personal contacts. However, if you’re buying it for yourself, then you need to network enough to figure out where the upcoming projects are and where you need to purchase it.

Priorities Basic Facilities

Property in India has revolutionized itself significantly, thus keeping the surrounding areas and infrastructure in mind is important before deciding to buy. Also, good community management with clean and decent spaces along with well ventilated and drained spaces are the key factors to keep in mind.

Contact Real Estate consultancy

Buying a villa is not a small investment to do, and you need to ensure that you are spending money on the right avenues. Thus, contacting a trustworthy Real Estate consultancy like Jain Estate would be a great option for you. They have well experienced real estate agents in Gurgaon that assist you with the right idea of the spatial agreements in vogue, and the builder reliability factors as well.  

Surrounding Environment

There is also a mild restraint that may relate more to the area in question than anything else because it takes some time to develop the ecosystem around your residential spaces. From college to schools, hospitals, stores to spatial recreational requirements, there may be more requirements than you can find explications for, immediately.

Estimate the Rental Value

If you’re buying a villa for renting out at a high price, then you need to calculate the amount charged in the area. This will help you estimate your monthly earnings. It is better to buy a villa in an area that is conveniently located since such areas will always have a demand for rentals.

Civic services

Last but not the least, civic services should be your main priority while looking for a villa. Civic services like electricity, water supply, cleaning out of garbage and municipal arrangements must be available on the property.

Buying a Villa in India depends majorly on the location of the area and the city or town, but after considering the following points, you can get a fair idea and deal.

Mistakes to Avoid When Selling a Home

In the situation in which real estate markets cool down, the numbers of buyers decrease and inventory typically increases. The situation slowing the market conditions and makes it more difficult to sell homes, despite that, some still sell the properties.

Now the question comes why do some get offer and other sit on the market? The answer is less around the home itself than most real estate agents might claim.

Sometimes, it also depends on the poor quality of the marketing efforts. The following are the common mistakes that repeated over and over from both side agents and sellers and agents and try to avoid these mistakes.

Poorly Uploaded Pics Online

Pictures speak a thousand and noticed before the written words. Pictures are the first thing that your potential buyers will see. Poorly taken pictures will leave a bad first impression on buyers and lower your chance of selling home. A well click pictures entice the buyers to buy your home.

Provide Complete specifications 

When there is a top competition of selling property in the market, simply providing an address and remarking the number of baths and bedrooms is inadequate information for a home buyer.

It reduces your chance of selling the home because the information is not specified the detail of your home. Always provide specific detail of your home so that the potential buyer should make an appointment to see the home.

Call to A Broker/Agent 

Just like buyers need agents to buy property, similarly, the sellers also need agents to sell their properties.

A well-experienced real estate agency like Jain Estates (the best real estate agents in India) knows how to sell your property without any hassle. Over years of experience with numbers of clients, you can expect the best deal for your home. 

Don’t Offer Unrealistic Price

Whether you’re selling a home alone or with the help of agents, setting the right price is a key to selling a home. Offering an unrealistic price without comparative market analysis can put your property on hold and make it difficult for you and your agent to sell it. 

Fix the Major Problems

Think you can get away with fixing major problems with your property. During the inspection of the buyer, if any major repairing is noticed then your deal will either cancel or the price will negotiate.

So, before selling your home, either fix the problem or price the property below market value. 

Inspect your home before listing it could be a good idea to avoid the potential buyers of your home.

To sell a property need time and well preparation and time. By avoiding such mistakes will help you to sell your home fast in this declining market.

So, try to avoid such high-priced mistakes listed above and you’ll be a long step toward putting your foot forward and reaching that seamless, profitable sale for which every home seller wishes.

Tips to Minimize Your Home Buying Stress

real estate agents in Delhi

Buying a new home can be a daunting task, especially if you’re buying it the first time. It’s a complex process comprising both potent emotions and financial stress.

Even the process seems quite simple, but just one mishap can end the complete deal. No matter how hard you try to buy a home but some aspect of buying a house is beyond your control.

If you’re in search of a new home but don’t have any idea to cope with home buying stress then the following tips would be very helpful for you to minimize your home buying stress.

Understand Your Requirements

A real estate agent can assist you to find the right home but can’t read your mind and requirements. If you’re precise about your requirements and can provide a little direction to your agent, then it would be much easier for you and your agent to find the right home for you and your family.   

Make a Checklist 

Having a detailed checklist that contains exactly what you need in your perfect house could minimize your stress home buying stress. 

While searching for a home, don’t compromise with your major requirements and priorities your need and determine which features you can live without. Surmise that it’s unlikely you’re going to find that carbon copy home of the one you’ve dreamed.

Go for Pre-Approved Home Loan

Buying any property can drive to some serious headaches. Suppose you choose a perfect property for your home and later find out that you’re ineligible for financing it then it could leave you heartbroken. But if you have a pre-approved Home loan, then you can save yourself from such situations.

Choose the Right Real Estate Agent

Buying a new property is a hard nut to crack, especially without the help of real estate agents. They help you find the right property that certainly meets your requirements, budget and expectation.

Even in some situation, the seller has an agent that tries to sell you the property at a high price with some extra charges of documentation. That is why a real estate agent from your side will assist you through all the complexity of negotiation and extra charges from the seller side. 

If you’re looking for the best real estate agents in Delhi, then Jain Estates is would be a perfect Estate consultancy firm for you. With years of experience with a strong and experienced team of professionals will fulfill all your estate requirements.

Recheck the Purchase Offer

Before searching for a new home, get a copy of the purchase agreement that your agent uses. Your purchase agreement contract that comprises the terms and condition of a home sale.

Instead of waiting until you’re ready to put in an offer, make sure that you review it carefully in advance and ask questions about the terms that you don’t understand.

Pay Attention to Your Real Estate Agent

Unless you have a background in real estate, your real estate agent knows a lot more than you do. You hire the agent to assist you to find a perfect house under budget, thus it’s very important for you to pay attention to your agent’s advice. In short, once you provide the destination, let your agent help get you there.

Buying a new house is always an anxious moment, but don’t forget the fact that this is supposed to be an exhilarating time – not an occasion to lose sleep and have frenzy attacks. With the following home buying tips, you can minimize your stress prepare yourself to buy a perfect house. 

How To Rent An Office Space: Nuances And Rules

The office is the face of the company. The first impression that the organization will make on clients, partners, and job seekers depends on how it looks. The vast majority of organizations lease office space. How to rent an office space?

  1. Correctly plan the development of the company and assess what kind of office you need.
  2. Find a suitable room.
  3. Legally competent to conclude a lease agreement.

How to rent an office space: a step-by-step algorithm

Step 1. Preparation and planning

Before beginning the search for an office it is important to understand what the area needs of your company and for how long. More specifically, you need to plan the development of the company today in order to understand which office you will need in a year or two.

A correct assessment of the prospects allows, firstly, to exclude the possibility that the company will unexpectedly face a shortage of space, and secondly, to save money.

If you already know today that from January 1 you will need an office of a certain class and a certain area, you can leisurely consider various options and choose a room at the best price.

When determining the size of the future office, it is important to take into account not only workers, but also general areas: meeting rooms, server rooms, utility rooms, warehouses, etc.

Selection and rental of the type of office space.

When contacting a real estate agency, you will surely come across the question: what class office are you interested in – A, B or C? Therefore, it is important to have an understanding of the principles of classifying office space.

Class A offices – premises in new office centres with a good location, optimal layout, high quality finishes and engineering systems. Sometimes class A is divided into classes A1, A2 and A3.

Class B offices are premises (usually in business centre in Delhi) with rental rates in a lower price range. They are inferior to Class A offices in terms of quality of premises or convenience of location.

Class C offices – offices in reconstructed buildings, usually of the Soviet period (former research institutes, factory management, etc.).

Class A offices are typically used by large corporations. A class B office is quite suitable for medium-sized companies. Typically, these are premises after major renovation with high-quality inexpensive finishes and a moderate range of services.

The buildings where they are located are equipped with fire and burglar alarms, double-glazed windows, high-quality elevators, a forced ventilation and air conditioning system.

Most of the client-oriented companies tend to rent an office in the central areas of the city. But here are the highest rental rates.

In fact, there are only two ways to find premises for rent – through professional realtors (real estate agencies) or directly, bypassing intermediaries.

Large companies usually focus on well-known real estate agents in Noida. However, real estate firms, whose names are on hearing, charge a considerable commission (usually in the amount of one month’s rent).

Selling A Home: These Are The Biggest Mistakes

A private home sale is a complex and usually lengthy process in which you as a seller can quickly make mistakes. In this guide we will introduce you to the process of selling a house. We explain the most common mistakes when selling a home and give you important tips to avoid these mistakes.

How does a private house sale work?

A private house sale consists of four process phases, preparation, marketing, processing and handover.

Phase 1- Preparation

The first phase is the preparation phase. In this phase you should determine the value of your property and set the offer price. In addition, you should compile or apply for all important documents for the house sale.

If necessary, you should also prepare your house for sale, i.e. make cosmetic repairs and remove personal items so that they do not interfere with the photos for the exposé and during the viewing appointments.

Phase 2- Marketing

After preparation comes the marketing phase. In this phase, you should define your marketing strategy based on your target buyer group, create an exposé and advertisements, as well as make viewing appointments.

Phase 3- Processing

Once you have found a buyer, the processing phase begins with sales negotiations. Here you should check the creditworthiness of the buyer before drawing up the purchase contract with the notary.

Phase 4- Handover

In the final phase there is an appointment with the notary and the contract is signed. After the buyer has paid the purchase price for your house, the notary will make the entry in the land register. The sale of the house is complete when the keys are handed over.

1st mistake: The wrong time

Preparing for a house sale is just as important as the house sale itself. And that includes carefully considering when you want to sell your house. The time of sale can be decisive in determining what sales price you can achieve for your property.

In order to get the optimal price for your property, it is essential that you observe the property prices in your area in advance when you sell your home in order to identify possible trends in price developments.

You should also keep an eye on the development of interest rates. This is the only way to ensure that you can find a buyer for your home and sell the property at the best price.

2nd mistake: The real estate market value is unknown

When you sell your property, it is relevant to know the current market value of your house or apartment. As an owner, you may still remember the price you once paid for your home.

You are also likely to have the costs for any repairs, renovations and improvements. But if you have owned a property for a long time, it is not unlikely that the current market value will deviate significantly from the purchase price originally paid.

Generally speaking, property prices are determined by supply and demand. The value of a property also depends on other factors such as the location, equipment and condition. In the property valuation, it is important the correct valuation method to use for your type of property.

To ensure that the valuation is carried out correctly, you should hire an expert to assess your home. Thanks to the valuation, the real estate expert can determine an appropriate sales price for your property.

What Makes the Real Estate Consultants Indispensible?

Property Dealer in India

Investing in real estate might look rosy and simple – there is hardly any doubt about it. In fact, real estate is a fast growing business and a magnificent source of employment. You will find real estate firms hiring various types of professionals to run their business. They include brokers, inspectors, lawyers, and other professionals. However, running real estate business and investing in properties is not as easy as it looks apparently. On the contrary, there is a fair amount of risk associated with real estate investment. One wrong step may invite utter disaster. That is why, if you are planning a real estate business, you need to hire a real estate consulting firm as well, which will guide you in your endeavor to prosper.

What Difference Does A Real Estate Consultant Make?

Are you looking forward to purchasing a fully furnished office space in Delhi? Have you planned to put your old godown for sale in Noida? Either way, a real estate consultant will use all its experience and assist you in the process. Be it purchasing, investing or selling real estate properties there are a plethora of issues to deal with. All these three areas of real estate business have their own technicalities and issues to tackle and a quality real estate consultant would coordinate everything in a seamless manner using all their experience and expertise.

Whom do you Rely on the get that Difference?

 

There isn’t any dearth of real estate consultants in India and Delhi is no exception. In a crowded pool of too many names, you need to pick up one of the bests, if not the best one. In order to do so, you need to opt for the ones that are truly experienced and have been in the business for long, and the ones that are enough seasoned to provide you all the guidance you need. The name you vouch for, has to have a healthy pool of reference or contacts and should be competent enough to help you in considerable savings by the virtue of these contacts.

You need to take into consideration the location of the consultant as well. For instance, if you are looking to purchase an office space in Connaught Place, you cannot look for a consultant from Pune. Rules and every aspect changes from place to place in real estate business and you need to be specific when it comes to choosing a quality consultant.

The Issue of Discount

One major setback that you have to face when you move all by yourself, you seldom can save. That’s where the presence of a quality would come in handy. Quality real estate consultants come up with schemes that help you earn discounts on purchases, and that leads you to considerable savings.

When you accumulate this, with all the guarantee and safety assurance that these companies provide you on a property along with all the assistance they provide, the contribution of these companies indeed turns to be enormous, thus proving their indispensability in the realm of real estate business.

Therefore, the bottom line is that but for these real estate consultants, you simply cannot excel in real estate business.

Some Qualities That Make A Successful Real Estate Consultant

Being a successful real estate consultant is not a matter of joke. It needs a great deal of expertise along with some added qualities to be a successful real estate consultant anywhere in the world. Here are some qualities that make a successful real estate consultant.

They Correspond

This is the first and foremost quality of a good real estate consultant. When it comes to purchasing an office space in India, regardless of the location, it is, to say the least, a Himalayan task, full of stress and uncertainty involving a lot of paperwork, paraphernalia involving the infamous red tape and other associated doldrums. Hence, while going through this entire complicated process, it is important that the investor and the consultant constantly be in touch with each other to avert any issue. There should be a constant correspondence between the two parties. An able and truly professional consultant will maintain a constant correspondence with its clients to keep at bay any confusion whatsoever.

They are Proactive

A quality real estate consultant needs to be proactive in order to excel in their forte. In other words, they have to bring out, out of the box ideas to make things happen, rather than waiting for things to happen. They need to be initiative in closing deals and that also in favor with their clients and constantly generating new leads for their customers, getting in touch with the potential sellers and buyers, fixing meetings and communicating with their clients an intimating them about the newer prospects.

They Listen

Someone who is looking to purchase an office space in Noida must have got something up his sleeves. He must have some futures plans related to his investment. Hence, the agents need to be an attentive listener, who would pay heed to every minute details that their customers disclose regarding their objective and keep them in mind while looking for properties. People are generally wary o the consultants who talk too much and listen less. They should also keep in mind the customized requests (if any) from their clients, as this will help them in value addition to their service, which the clients expect from them.

They are Client Centric

Whatever a quality real estate consultant does, that is entirely client-centric. Their first and foremost priority is clients and their preference. Their every move is for the benefit of their customers and they put themselves in the shoes of their clients and empathize with them, to make sure the clients get exactly what they need.

They are Flexible

Every quality real estate agent has a business policy and that’s quite obvious. However, that does not mean they need to be stubborn so much so that the clients do not feel at ease working with them and they have to shift to another service provider.

A quality real estate consultant needs to be flexible enough to adapt to the customized needs of their clients and act accordingly. This may include going some extra miles to satisfy their clients or providing some extra favor to a client, it that makes a considerable positive difference from the clients’ perspective.

These minor adjustments and value additions go a long way in boosting clients’ confidence, opening the door of mutual advantage and a successful business venture, creating a win-win situation for both the sides.

Real Estate Consulting – A New Trend of Income Generation

Real Estate Consultant

Real Estate consulting is indeed one of the most lucrative businesses that act as a major source of income generation.

The most interesting aspect is that at the first glance, real estate consulting might appear to be at odds with the commission-based model, upon which the business is based. However, the truth is that real estate consulting can be of great help when it comes to converting more and more leads to full commissions. Let us discuss the concept in details.

The Concept in Details

Primarily, it is essential to take note of the fact that just like regular commissions, consulting does not involve any fixed rate. Consulting fees and commissions are always negotiable and depend upon the extent of service provided and the type of service provided. For instance, commission involving the sale of an IT office space in Noida will surely be much higher than renting an office space in Connaught Place. Therefore, for each client and each opportunity, the consultants have to be determined the best fitting or suitable commission for the business.

How it Works

In order to ascertain how things in real estate consulting works, it is essential to establish a distinction between the normal model commission sale and consulting. As per the experts, a salesperson just ‘tells ‘n sales’ goods and services, whereas a real estate consultant is the one who actually ‘guides but does not decide’. As per this theory, the consumers at the time of investing like to have someone at their side, who will act on behalf them, though stop short of taking the final decision, bestowing that responsibility to the consumers. In fact, they like to hire these professionals to represent as well as safeguard their interests.

The New Online Trend and its Effect

 The modern generation prefers to conduct all the research and gather information online or through referral systems. This has made a better and more professional approach of the real estate consultants. They have to play that role of that trusted referral or resource, which is good enough to provide clients with all the information that they require so that it is possible for them to take the best decision in connection to their investment.

A certain pool of experts is of the opinion that these consultants provide way too much service to their customers, without being paid appropriately and accordingly. However, this is not correct, as there is nothing called ‘free service’ in the world of real estate consultancy.  More so, after the advent of online business, the customers pay for whatever service they take from these consultants.

There has been a new trend in the realm of real estate consulting, which vouches for an hourly rate, as this is the best way to gauge the worth of a professional. There are state-of-the-art time-tracking apps that these consultants use and they charge their customers strictly based on the hour of service they provide.

Hence, as things stand now at present, real estate consulting has indeed newer and more lucrative avenues of negotiating on the behalf of investors and freeing deadlocks and troubleshooting issues against fees. Thus, this profession is perceived as a very attractive source of income generation.

How to work with a real estate consultant in Delhi/NCR?

Office Space in Delhi NCR

When it comes to working with the real estate consultants, a specific method needs to be followed. This is needed for mutual benefit and to make sure there is a win-win situation for both the parties. Let us discuss some of the methods that apply while working with these consultants. Though the rules might chance subject to situations, the crux remains all the more same.

Enter into an agreement

First of all, you need to enter into an agreement with the consultant. This agreement should clearly explain the respective responsibilities duties in black and white and should distinctively define the relationship between the parties involved. This type of agreement also negates the scope of any subsequent misunderstanding or probability of overlapping into each other area of expertise.

Let there be transparency

You need your real estate consultant to know what you expect of him. This will help you avoid misunderstanding subsequently. For instance, if you are looking forward to purchasing an IT office space in Delhi, you should expect your consultant to drive you all around the city to all the showings. Disclose hat to your consultant openly. If you have any reservation regarding any area due to security issues, let that be known to your consultant.

Again, if you are trying to sell off your office space in Sector 44 Gurgaon, you might not want the realtors or people come down to your office to communicate with you. In this case, again, your consultant should play the part of the mediator and arrange for meetings appropriately. You need to be realistic about your goals and it’s the duty of your consultant to advise you on that. The idea is to have a mutual respect and crystal clear transparency between the two parties.

Understand the contracts in details before signing

In case you are entering an agreement with the real estate consultant, you need to understand every bit of that clearly before you put down your signature. In case you are not clear about any clause or you do not understand any aspect of the agreement, do not hesitate to ask the consultant. It’s their duty to explain things to you in details. Again, you need to keep in mind that these consultants are not lawyers and hence do not have the expertise to interpret the legal affairs. Hence, if you have any simplest doubt, get in touch with our lawyer and clear things out before entering any contract.

Make sure your objective is met

Be it a getting rid of an office space in Noida selling off a parking space somewhere in Delhi, you need to make sure that consultant you work with, is after all, able to help you out in meeting your objective and make a sure profit. Remember, whatever you do its profit that determines your success and failure.

So, from a pool of a number of real estate consultants, you have to pick the one up that will stand up at your side and will assist you to in every aspect when it comes to acquiring a real estate property or disposing of one.