Hi
I have come across this question a lot. People ask 'how much commission do real estate agents take?' Usually the real estate agents commission in Mumbai is 1.5% to 2% of the sale value. However, it depends on the type of property, location of your property and honestly, your negotiation skills.
For example, if you sell a property worth Rs. 7500000, then you will have to pay Rs. 150000 going by the 2% commission deal.There are a few things which you must be aware of while you are dealing with a broker:
- Signing an agreement with the broker beforehand:
This is advisable in order to avoid any discrepancy between you two.
- Tell them what you want:
It’s really important to convey all your expectations clearly. In order for them to do their job, it’s important that you communicate every detail clearly.
- Don’t sign documents without full knowledge:
It’s very important that you know what you sign on. Even if you know that your broker is genuine, you must not take any risks.
You know the hassle of dealing with a broker can be done off in a snap.
You can check out Brokerage-Free Buying, Selling and Renting Services on NoBroker.
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Hi there,
Dealing with a broker can be tricky. A real estate commission agent charges as per the price of the property. I agree with Ms Shreya on this one. Generally, an agent fee can be 1.5% or 2% of the sale value. So, I would suggest you not to fall into the trap of real estate agent commission. You will have to pay a huge amount of money for nothing. Instead, you can search online and go for a site visit on your own. A broker can sell you a property with legal discrepancies so be very careful when you are talking to an agent. Always run due diligence before purchasing a property from an agent in case you have already selected a house.
Click here to check out the properties on NoBroker and save lakhs on brokerage! Subscribe to the buyer plan to find your dream house! Run due diligence by hiring expert lawyers at NoBroker at an affordable price.I have purchased a house from NoBroker and the process went very smoothly. I took the buyer plan and the buyer plan provided me with a field manager which was very helpful. The field manager helped me wherever required and cleared my doubt. I saved a huge amount by looking at property online. NoBroker is taking the initiative to remove brokerage from India which I find so amazing. I hope you like my take on commission agents.
Read more:
What Is A Real Estate Agent? Can a residential real estate agent sell commercial property? How to sell property without a real estate agent? How to be a virtual real estate agent?Your Feedback Matters! How was this Answer?
Authors Of The Question
How much commission I've to pay to property dealer when buying a flat in Mumbai?
Kirsan
11785 Views
2
3 Year
2021-05-26T21:59:56+00:00 2021-05-27T16:36:08+00:00Comment
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