Buying and selling a property is a complex and long process. If you lack experience, you might feel overwhelmed by the processes. This is why people who are inexperienced but trying to buy or sell an apartment in Dhaka often look for real estate agents. Just like real estate agents can improve your experience, they can also ruin it. For this reason, it’s essential to know how to identify the best real estate agent in Bangladesh. Identifying and working with a top real estate agent can make buying or selling easier. This comprehensive guide will walk you through the steps to find the best real estate agent in Bangladesh.
Do Your Research
Research is a crucial part when it comes to choosing the best real estate agent in Bangladesh. Since money is included In the process, the first thing you need to look for in a real estate agent is their reputation. It would be best if you started with agents with successful deals, solid track records, and good reputations in the industry. You can also look for testimonials and online reviews about the agent.
Ask for Referrals
Word-of-mouth can be helpful in your search for the best real estate agent in Bangladesh. Talk to friends, colleagues, family, and relatives who recently bought or sold an apartment. They might be able to provide valuable information or review the agent they worked with and if they’d recommend them. Recommendations give you a real-life unfiltered review, making it easier to select or cancel one of the real estate agents.
Check Credentials & Experience
Credentials are important because they verify that the real estate agent legally operates services in Bangladesh. Before finalizing with a real estate agent, ensure they have proper documents and are registered with the proper authorities. Also, ensure that the agent is a registered member of professional organizations such Real Estate & Housing Association of Bangladesh (REHAB). Registered agents will be liable for any misconduct, and you can take action if something goes wrong.
Set an Interview
Research and word-of-mouth can be reliable, for sure. But interviewing the real estate agent face-to-face is always a good idea. First, you need to shortlist a few real estate agents and set up interviews with them. Once you provide them with your requirements, you can assess the agent’s communication style, professionalism, and knowledge. You can ask additional questions regarding their experience, process, references, and strategies. This process will help you determine which agent aligns more with your requirement. Furthermore, you can make an informed decision on finding the best real estate agent in Bangladesh.
Commission & Fees
Real Estate agents in Bangladesh usually work on a commission basis. Whenever they help someone sell a property, they take a percentage of the property as their earning. This is a normal practice for them. But before you go and make a deal, ensure that you have understood their commission structure and if there are any additional fees involved. While finding an agent within your budget is essential, remember that the most expensive option is not always the best, and the cheapest option may not always be the worst.
Local Market Knowledge
A real estate agent must have local market knowledge to navigate the market and buy or sell an apartment. Local market knowledge includes awareness about recent trends, property values, upcoming infrastructure, and overall knowledge about the location. A knowledgeable real estate agent can help you find the perfect apartment or negotiate a better price for your apartment.
Additional Services
Beyond the basic services of buying or selling an apartment, look for other additional services from the real estate agent. For instance, do they provide services like assistance with legal paperwork, verifying the owners, and other services? Your real estate experience will be much smoother and hassle-free if they do. You might want to look for agents that provide these services. Otherwise, you will need to go through the complex process independently.
Online Presence
Every service provider and brand maintains an online presence in today’s digital era. To get an overall idea about an agent, look at their website, social media, and online listings. A well-maintained website with regularly updated properties and informative content means they are committed and passionate about their work.
Area of Specialization
Some real estate agents work only in specific types of properties. Some might specialize in residential or commercial properties only, while others specialize in both. Choosing an agent specializing in your interest will be advantageous depending on your requirement.
Investing a little effort and time in finding the best real estate agent in Bangladesh can save you a lot of time and energy in the long run. A reputed agent with a proven track record, experience, and market knowledge can help navigate the real estate market to buy or sell apartments according to your requirements. This will make your decision-making process easier and save you from the complexities of the process. Concord Property Solutions provides all-inclusive services related to buying and selling apartments. To start the hunt for your home or a buyer, contact Concord Property Solutions to assist you with all your property needs. Simply give us a call!
Frequently Asked Questions (FAQ)
How do I check if my real estate agent is licensed and registered?
You can check a real estate agent’s credibility with relevant authorities such as the Real Estate & Housing Association of Bangladesh (REHAB).
Should I go for an experienced real estate agent or a new one?
Real estate agents with experience can make a big difference in your real estate experience. But this is not the only factor to consider when selecting your agent.
What red flags should I watch out for when choosing a real estate agent?
Some common red flags you should watch out for are the lack of transparency about the fees or commission structure, pressuring you into making a quick decision, or agents with a history of constant complaints and negative reviews.
Can I work with more than one real estate agent at a time?
Technically you can work with more than one real estate agent at a time. But it is not recommended as this might lead to confusion and conflict of interest.
Is it mandatory to sign a contract with a real estate agent?
It is not mandatory. If you have enough experience and knowledge about the process, you can complete it without the help of an agent. But it is recommended to engage a real estate agent.