We hired a broker to sell our property in Bangalore, and it was agreed that he would take 2% of the deal value. Our 1 BHK was planned to be sold at Rs 65 lakh, so 2% of 65 lakhs is 1 lakh 30 thousand. He asked us for Rs 10k in advance, which we gave him as we were desperate to sell the property. For three weeks, he contacted us and gave us updates that he was searching for genuine buyers. However, after that, he never received our calls and simply eloped. We even filed a police report, but we have not heard anything about him since.
At last, we sold our property through NoBroker. This is the plus point of a well-established company. NoBroker has dedicated Relationship Managers to help you out, so please hire some professionals rather than brokers. Also, learn that brokers charge about 1-2% of the deal value. If you hire one, do not give more money than this percentage.
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Can you please give me a format for a brokerage to be paid to the broker in the sale of a flat?
milind
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2 Year
2023-06-26T09:28:56+00:00 2023-06-28T16:25:40+00:00Comment
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