Real estate is a growing profession across the world, everyday transaction of millions of dollars takes place in this sector either for starting a commercial business or owning a residential property. In the developed world, the real estate sector has transformed over the period of time by including digital technologies and devising online platforms for creating convenience and opening the sector for everyone. On the other hand, the image of real estate in developing countries is completely opposite, the sector conducts its business mostly through real estate agents who are a necessary linkage in the business transactions.
Against this backdrop, Agency21 is the renowned real estate service provider in Pakistan that is introducing convenience in real estate transactions. Agency 21 through this blog brings the major factors that should be kept in mind before taking services of a real estate agency.
Do a survey
The most important thing to do before taking the services of a real estate service provider is to do a survey of the market. Since the real estate market is full of agents who claim to be experts it is necessary to list down the service providers by taking necessary insights from the market. Similarly, the benefactors who have already benefited from the real estate service providers should also be contacted. This will help in gaining close insight into the experience.
Once a survey has been done and top service providers jotted down, the next step is to visit the website of a service provider. The review of the website will help the user to gain information about the services of a real estate entity and to what extent a service will bring convenience in the real estate transactions. Sometimes, the real estate agents don’t give the necessary information while a real estate transaction takes place therefore, one should thoroughly browse through the website in order to gain the proper insight.
Once the website has been visited and a user is ready to take the services of a real estate entity, it is necessary that one should observe that how much time and dedication the real estate service provider is going to give. In other words, one should look out for the owner a real estate entity is going to take of the business transaction. The reason for mentioning this factor is that people sometimes are running short on time and they can’t afford time delays; therefore, it is necessary that those service providers should be selected who take the full ownership.
In Pakistan, every civic or land authority is governed by certain rules and regulations. Since there are a lot of legalities and paperwork involved in real estate transactions, a user should inquire before going into an agreement with a real estate entity whether an entity has the know-how of legal expertise. It has been observed that due to lack of legal expertise people have often entangled in legal issues which creates problems in the future.
Registration with an Authority
This is one of the foremost aspects which people tend to forget before hiring a service of a real estate agency. It should be noted that only the services of that estate agents should be taken that are registered with a government authority to avoid fraud and malpractice. Since an individual is entrusting a real estate agency with his money, therefore, thorough scrutiny of an agency should be done. Transparency is the foremost objective of any real estate agency, however, an individual should do his proper homework before taking the services of a real estate agency.