If you’re looking to buy retail space in Prague or anywhere else, you will need to find a Realtor. But how do you know who to choose? There are plenty of agents who will promise the moon and more to get your business — but not all of them can deliver on their promises.
The only way to be sure is by asking the right questions before making any agreements with an agent. Here are some points that you need to check while hiring a suitable real estate agent.
- Check the past work done:
Ask the agent to provide you with contact information for previous clients so that you can speak with them. If the agent balks at this, this is a warning sign. It means they have something to hide, and they don’t want you to check upon them.
- Be sure of their knowledge and experience:
To see if an agent is worth their salt, ask what training courses or educational programs and seminars they’ve attended in the past two years. Also, check with local regulators about any complaints that may have been made against them – it’s their job to provide answers!
- Ensure their business has a license:
A realtor should be properly licensed and insured. If not, it’s a red flag that the agent can’t be trusted. Only the agent with a proper license will offer you legitimate services, and you can ensure there is no fraud in the future.
- Ask for references:
Bring together the names and addresses of the people the agent says have used their services in the past five years. Just make sure you source this information from someone outside the prospective real estate agency! If they don’t have any, you can guess what that means.
- Don’t hesitate to ask for a written offer:
When working with a team of Realtors, one should always get a written offer to show them before signing on any dotted lines. When working on your own, one should put it in writing before giving out any money. This puts things on a level playing field and makes sure that all bases are covered.
- Don’t let them rush you:
No matter how well you think you know what you want, take your time to find the best place for you. There are no discounts for being hasty – and it’s not worth the price!
- How do they price properties?
The most important thing is to have a realistic idea of what the property is worth. There are several ways to determine this, including checking similar properties in the area and looking at their past rental income. But, it’s not just about what you think – it’s about what other buyers will pay for the property too!
- What do they charge?
A percentage fee on your sales or purchase can seem reasonable when you’re hurrying to get things done. But take your time and ask how that figure was calculated because there are many factors involved with supply and demand that could change how much you should pay.
