While it is true that most people do not consider buying a property without a broken or an agent, it does not mean that it is impossible to go through the entire process without one. Now that modern technology and easy access to the internet is convenient and highly functional, more and more people are becoming aware and informed about the process of buying a home. This knowledge makes them familiar with the different steps that are usually followed in the home buying process, ultimately leading them to becoming self-sufficient and in no need of a broker.
Yes, if you do decide to take up the sole responsibility of buying a home without a broker, it goes without saying that you would have to take upon a few duties and important decisions all by yourself. We do not want you to panic or feel like all the burden is now on your shoulders.
Let us tell you how you can make the process easy and seamless. As professionals, even though we are advising you to go ahead and buy property without a broker, we are also suggesting that you onboard a real estate provider for your journey ahead. Don't confuse yourself by thinking that a broker and a real estate provider serve the same purpose. They are not even close! One major difference between the two is that while a broker can take up a lot of your time and energy, the primary motive of a real estate provider is to make all the work easier for you.
One such real estate provider is Clicbrics. With its online platform and wide reach, Clicbrics has proved to have helped buyers and sellers across a variety of countries all around India. Does it not feel like a huge burden has been lifted off your shoulders in just knowing that there is an online platform that can solve the problems and fulfill the requirements of all kinds of buyers and sellers in the real estate industry?
Getting interested? This is not all. For the sake of your benefit, we will talk a bit more about Clicbrics going forward. Before that, let us help you figure out whether working without a broker is something that works for you. Remember that not hiring a broker will not only save you money but will also help you gain a massive amount of knowledge about the real estate industry. When you decide to not hire a broker, there are a few steps that you can implement to get yourself your dream home.
1. Do Your Research
This is the most important step. While this step is primarily performed by a broker, you can easily do the research too. Start by reflecting on your needs and requirements, and then begin research. Look at the localities that offer what you are looking for, and compare prices. A pro tip here is to make sure you do not leave your research midway. Even if you have found a property you feel is perfect, continue researching. You never know, you may end up finding something even better!
2. Shortlist Preferred Properties
Once you have done your research and decided on the city and locality you want, you can start searching for properties. Use real estate websites that can be trusted and do not look too shady. One such website is Clicbrics. While making a list of suitable properties, consider factors like size of the house, budget, timelines, loan, seller conditions, etc.
3. Go House Hunting
Now that you have made a list of properties that you may like, it is time for you to visit them physically and see if they meet your requirements. It may be a possibility that the facilities and amenities mentioned on the website do not match what you witness physically. This makes it even more important to go and inspect on your own. You can also visit the neighborhood and ask around. On the digital end, you can visit the online website of the developer you are in touch with and have a look at reviews and ratings.
4. Consider Your Budget
Did you know you do not even need a broker for this purpose anymore? The builders today have expanded their duties to assisting buyers with all finance-related formalities. Before house hunting, make sure you have a range of prices in mind. Once you know your budget, you can also negotiate the final offer according to what suits you best.
5. Apply for a Mortgage
Getting a mortgage implies that you are preapproved. This would not only increase your credit score with the sellers but will also give you an idea of the kind of housing that you can afford. When without a broker, it is important to save as much time as you can. Applying for a mortgage will save you time since you would know the exact housing to look for, instead of wasting time on something you cannot afford. Mortgage preapproval also implies that in case you go ahead with the house, paying money before deadlines will not be an issue.
6. Inspection and Appraisal
This is more of an analytical task. You do not have to do much, just choose a trustworthy home inspector. Before moving into your new house, you need to be sure there are no surprises (or shocks!) in store for you. If there is any maintenance or repairing needed, you need to know about these extra costs in advance. The seller would support you in the process of home inspection since they would not want to be blamed if anything goes wrong in the future. Make sure you are present at the property on the day of inspection.
7. Ask for a Sellers Disclosure Document
Just like you, the seller would have done his/her research too. While buyers often hesitate to ask for this document, it is information that you cannot finalize the property without. A seller's disclosure document will give you a list of issues that may exist in the property you are interested in. Apart from existing issues, you will also get information on any remodeling work that has been performed on the property.
The terms and conditions of this document vary from state to state. While doing your research, make sure you also figure out the disclosure laws for your particular state.
8. Be Ready to Negotiate
It is natural for both you and the seller to not be on the same page on certain conditions and decisions. Instead of hesitating to ask questions or letting the seller do things his/her way, put forth your requirement and be firm in your needs. You can ask for a better offer, request to get some things in the house repaired or even claim some discounts. Instead of not voicing out your opinions, try and discuss with the seller to reach a mutually beneficial agreement.
9. Seal the Deal
This is the final step. All you have to do is decide on a payment framework and document the final deal. The moment you sign the final contract, you become the legal owner of the property. Since this step includes a lot of paperwork, it is a good idea to seek help from a professional attorney.
In a nutshell, listed above are the most basic steps that you can take on your path to buying a property. For those of you who have gone through the process without a broker earlier and even for the ones who are trying it out for the first time, following through with these steps can often be overwhelming.
As a solution to this, let us steer the conversation back to getting in touch with a real estate provider, one that is renowned and has gained its much-deserved popularity primarily through the word of mouth of its loyal customers - Clicbrics. We feel it is through instances that we can explain why Clicbrics can be the best real estate provider for you.
Let us take house hunting for instance. It is not easy to physically visit all properties that you have shortlisted for yourself. Sometimes, the dates overlap, and sometimes, the house you are interested in is not even in the same city that you may be situated in. On top of that, the ongoing pandemic has bought about a lot of restrictions for the safety of all citizens. Clicbrics has a solution to this - Virtual Site Visit. This feature allows the buyers to take a virtual tour o their selected properties right from the comfort of their homes! It will not only introduce you to an overview of the property but also gives you an option of exploring the interiors, aerial, and drive view. The plus point here is that you are saving money, time taken to physically visit all properties, and are getting a 360-degree view of your probable dream home!
Are you still not convinced? Another feature that Clicbrics offers its customers is to figure out the worth of any property all around India. They like to call this - Clicworth. Aren't you always asking around and trying to figure out the market worth of the property you may be interested in buying? You do not have to do that anymore. All you have to do is visit Clicbrics, put in the locality/address of your desired property, select the property type, and there you have the market value of the house just within seconds!
In a nutshell, Clicbrics is a perfect combination of smart algorithms, real estate expertise, and the latest market data.
The decision is ultimately yours to make. All we can do is provide you with the advice we think will be the most beneficial for you. Till the time you do not research and go through the Clicbrics website, you would never really know for sure if they are worth your time and effort. Even when you have a few minutes to spare, make it a point to visit the website and see for yourself.
Do get back to us if you think our recommendation was not up to the mark, and don't hesitate to let us know why!