Buying A House Through Brokers, Be Careful

Currently, many customers are afraid of real estate transactions through brokerage because of risks. This is also true in the situation where many free brokers are snatching up, not prestigious, causing house prices to be pushed higher, legal document and information for the product are unclear.

Be careful with free brokers

In Vietnam in general and Ho Chi Minh City in particular, most free brokers do not work on real estate floors but most of them self-introduce or mediate between sellers and buyers and vice versa. These people are often called a common name “stork”. Typically, these objects do not have access to the house owner themselves but via many other brokers. Sometimes, they see an offer for sale online and look to do their own brokerage job.

~~>>See more information about the real estate law here: Vietnam real estate law

Be careful with free brokers. Photo: Internet

To avoid the risk of buying a home, customers should limit their contact with free brokers but look for reputable, professional and qualified brokers. In addition, customers should also know which the brokerage unit is under the management of the trading floor. Customers should check the legal document, operating conditions of the real estate trading floor.

Verification of information from broker provision

In many cases, the brokers do not know the information about the product which they are advertising. Therefore, it is possible that the information they make is inaccurate, even dishonest, objective about the product and the actual supply and demand of the market. They offer patchwork, scraping pictures to hit the psychology of beautiful house with the cheap price of the customer.

Verification of information from broker provision. Photo: Internet

Many brokers have not even seen the product they are advertising. Through the introduction of colleagues, they know some information about the apartment and then ask advertising. Consequently, customers requesting brokers to provide information about the legal document of the product should go to verify and find out information by themselves. You should make questions such as why the owner wants to sell the product, which area will have more projects in the future? …

In addition, you will need to consider how much price of the nearby house is to know the average price of this area to avoid having to buy at too high a price.

Understand the relevant procedures

When buying a house through a broker, the buyer needs to know the procedures as well as the costs involved, especially to consider, read carefully, verify the documents and documents on the project as well as the expenses before making a deposit or transaction decision … In case you are not a lawyer, it’s a good idea to go to a lawyer’s office for advice.

Clarification of involved procedures and costs. Photo: Internet

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