On the surface real estate brokerage sounds a fairly simple job. Match buyer seller leads; show them a few properties and close the deal. The reality is shockingly different. The buyer will say a hundred different things or not say anything at all. They are usually unaware of the Nitty-gritties of documentation involved during and post the sale. As an agent it is your duty to make them aware of the different documents they will have to get in order for the sale to be complete. You must also inform them beforehand the additional costs involved for example:
Stamp Duty: 5 per cent – varies across states.
Brokerage: 2 per cent
Parking charges: Rs 300,000-1,000,000
Water connection and electricity deposit
Maintenance: Rs. 5-15 per sq. ft. and upwards depending on the type of property
Wear and tear
Legal fees and litigation costs
Interest cost: If you have taken a home loan
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