Did the phrase “real estate consultant” any time make you wonder what it is all about? Are you inquisitive about what does that word really mean and what work do they do in reality? Do real estate consultants and estate brokers have any significant difference? Well, to decipher the answers to the above questions, read on.
It is very much true that anyone and everyone can be called as a consultant, however the term is not meaningless window dressing. For those who agree to take up the work of estate consulting seriously will have a different approach towards the business of real estate practice.
The first and the major difference observed between a real estate broker and a agent is in the objectivity and the way they earn money. All consultants are paid, for their expertise and experience in the field of while brokers get commissions for a property that is sold and bought, with their reference. Real estate brokers can earn only, if properties, they refer to a party are sold but then, consultants get their legal fees for their valuable advice.
As the earnings of real estate consultantsare independent of the final outcome of a business deal, they tend to reveal the real facts to buyers. On the other hand, brokers often provide incorrect information to lure customers. Real estate brokers act like salespersons, try out all measures to impress customers, in order that, they buy the property.
Consultants may be hired for numerous possible works. One can hire a consultant to get timely legal advices, carry out market researches, or even to find out profitable properties in which one can invest. Real estate consultants are habitually seen to give the apt and acute advice, as their career depends on word of mouth endorsements from their existing clients. They strive to give workable advices to their clients. They always want the betterment of their clients, however, this is not the same in case of brokers. All that estate brokers work for is to make clients purchase the property and as soon as possible. Hence, if you were on the look out for viable real estate property in Kolkataor any other city, it is recommended to find and take help from a reputable real estate consultancy.
The estate consultant can help you find properties according to your wishes and also provide valuable tips while buying them. Be it developer closeouts, finding bulk opportunities to invest, finding partners for joint ventures, equity partnerships or any other unique type of business enterprises you desire to conduct, consultants help to carry out these easily. They will find out the standard rates, history of the place, if or not any present court cases are involved and all vital information, regarding the particular property, you desire to buy.
Once consultants find out the standard rates, you get to negotiate with the salespersons comfortably and confidently. Thus, preventing you from being confused and cheated.
In contrast, if you are a property seller consultants can help you formulate business strategies to help you trigger sales. Not to forget they know best about the likes and dislikes of property buyers.