Understand exactly what a good real estate agent can do for your property search.
Whether you are looking to buy or rent a property in Malaysia, it is advisable to recruit the services of a real estate agent. It is important to get a good one by your side in order to help secure that dream property for you quickly. It is worth noting that most agents work on commission, so the very nature of this means that agents are driven and will do everything they can for you. But what advantages are there for using a real estate agent?
1. Market knowledge.
A fountain of knowledge, agents know the market inside and out. They should provide you with impartial advice. A relatively close-knit industry, agents talk among themselves and know the latest news. How much the last unit in the building achieved, what the price per square metre is, etc. Use this to your advantage. Pick their brains in order to help ascertain whether you are being realistic with your needs.
2. Understand your needs.
You may think you know what type of property you are looking for, but get confused once you start looking. A good agent will listen to your wish list, work out your priorities, and then be able to pinpoint exactly what you are looking for. If you are looking for a buy-to-let investment they will be able to tell you what sort of property lets well in order to generate a healthy rental yield.
3. Arrange viewings.
Agents do a lot of the legwork so you don’t have to. They arrange viewings on your behalf, and take you out to view the properties. After viewing a few, a good agent should be able to gauge your reaction to these in order to eliminate or find other options for you.
4. Negotiate.
Negotiating is an art form. Agents are likely to have more practice at this than you will. Since agents do work on commission it is advisable to keep your cards close to your chest without letting this onto them. Either way they will want to get the deal done so will be able to act as the middle man in order to reach a mutually exclusive agreement.
5. Efficiency.
As a real estate agent does this day in and day out, they will be speed up the process. Understanding the financial and legal processes and also answering any queries you have and making sure your transaction goes through without a hitch. They will want to get the deal through quickly so that they can raise their invoice, which will be to your benefit.
If you are looking for a real estate agent in Malaysia, have online at Dot Property for a list of agents who will be able to help you find your dream property.