Why Should You Hire a Real Estate Consultant?

A consultant is defined as “a person who provides expert advice professionally.” When it comes to real estate investments, too often we choose to consult our extended family, friends or colleagues. But they only have limited knowledge based on which they can advise us. If we are serious about making the right decisions regarding our investments, it is wise to seek out the help of an experienced real estate consultant.

Here are 10 reasons why you should hire a real estate consultant for your next investment.

1. They are Knowledgeable

Each of us have advanced knowledge about a handful of topics. And while we may have some knowledge about real estate investments, we might not know it all. Real estate consultants on the other hand, know the market and the locality like the back of their hand. If you are buying a property, they can help you choose the right property at the right price. And if you’re selling, they’ll know the prevalent rates, how much your investment is worth, and how you can better capitalize on your it.

2. They are Experienced

Real estate consultants have several years of investment experience under their belts. They are well versed in all the do’s and don’ts of the buying/selling process. They’ve done it so many times that it’s almost second nature to them.

3. They will Negotiate on Your Behalf

While handling real estate negotiations on your own is commendable, you will not get the best deal out there. A real estate consultant, on the other hand will pursue the negotiations on your behalf and get you the best buying/selling price that the other party can offer.

4. They Act as a Buffer

Real estate consultants act as a middleman between the buyer and the seller, so you don’t have to directly interact with the other party. You will also be shielded from the nitty-gritty details that might consume you if you don’t have a consultant.

5. They Handle All the Paperwork

Paperwork can sometimes be a real pain, and especially so in the real estate business. There are so many documents you check and keep in order before you can finalize the transaction. A real estate consultant will take care of all the paperwork and get all the required legal documents, so all you’ll have to do is just sign them.

6. They Answer Your Questions

You do not have to enter into an investment decision blindly. A real estate consultant is ready to hear you out, answer you queries, and clarify all your doubts. That’s what you’re paying them for!

7. Having Them Makes Things Convenient for You

Imagine the time and energy you will spend if you have to do all the property research and the actually running around by yourself. A real estate consultant will help you tremendously by being the one person you can turn to who can help you with exactly what you need.

8. They Partner with You

A trusted real estate consultant can become your investment partner and help you in even with your future investments. They will work alongside you, and give you valuable advice as you work to build your investment portfolio.

9. They have Legal Clarity

Ignorance of the law is not an excuse. Whether you are buying a property or selling one, there is a host of legal issues you will have to consider. A real estate consultant will have better clarity on legal requirements, and help you comply with them all.

10. They Know All the Taxation Rules

The Income Tax Department of India takes its job very seriously. It is a crime to bypass any of the taxation rules applicable for your real estate transaction. A real estate consultant can help you abide by the rules and pay the required capital gains tax where applicable. If you are an NRI, or if you’re buying a property from an NRI, there are different guideline to be followed which a consultant can easily help you with.

If you’ve decided to enter into the world of real estate investments, an experienced consultant will prove to be very invaluable in the long run. They will become your go-to person, a listening ear, and your right hand for any decisions regarding your investment. The right real estate consultant can help you boost your financial prosperity to the next level. Do not hesitate to hire one today!

Update: 

I created an Infographic with the above information titled  “10 Reasons Why You Should Hire a Real Estate Consultant”.