Are you planning to Hire a real estate consultant for your office space. . ?
The need for a real estate consultant:
Finding a suitable office space could be a daunting task, particularly in big cities. In search of a suitable space with plug and play furnished setup, many people either browse or contact their fellow businessmen or friends and relatives. It is said that most of the vacant office spaces are not notified on the internet and there is no other centralized agency where you can get such information.
In many cases, even fellow businessmen and friends or relatives may not be able to help you. In such a scenario, you will have no other option except to look for a Commercial real estate consultant at Bangalore, who can help you in getting the best deal.
Registration and consultation fee:
The consultant will have contacts with other real estate consultants operating in other localities. As a result, he will be able to help you in locating a suitable space for your office. Once you approach the consultant, you will have to pay him a specified amount as registration fee. Thereafter he will take you to the places depending on your preference. Once you choose a location, then you will have to pay him the consultation fee. In the normal course, the consultation fee will be equal to one month’s rent as agreed to between you and the landlord.
Advantages of Hiring Real estate Consultants :
Once you hire the real estate consultant, he will search for the office space as per your requirement. The consultant will contact the owner of the office space, ascertain his terms and conditions and thereafter he will convey the message to you. In the normal course, the consultant would even bargain the rental on your behalf. If you find the place suitable for your business and agree to the terms and conditions of the owner of the office space, the consultant will do all the paper works for you. In the normal course, the consultant will take you to the owner of the office space and you can hold personal discussions with him.
Pros and Cons :
But, there are inherent disadvantages of hiring a real estate consultant. Some people argue that the consultant will not make a hard bargain with the owner. They point out that if you have hard bargaining power, you can make a better deal than the real estate consultant. Further, it is also argued that some of the consultants will collude with the owner of the office space and hike the rental or the advance.
Naturally, that would be to your utter disadvantage. Some of the consultants have a unique way of working; once you pay the registration fee they will show you only fixed number of properties. If you fail to make a choice, then you will have to once again pay him the registration fee and this process continues. It is said that some unethical consultant will deliberately show you properties that are not suitable and indirectly force you to pay the registration fee over and again.
As experts in the real estate market argue, you should consult a real estate consultant of long standing. Because such consultants always value their goodwill and follow the best of business ethics and certainly that would be your advantage. So call us, If there are any requirements for office space at Bangalore.