How much commission I've to pay to property dealer when buying a flat in Mumbai?

Hi

I have come across this question a lot. People ask 'how much commission do real estate agents take?' Usually the real estate agents commission in Mumbai is 1.5% to 2% of the sale value. However, it depends on the type of property, location of your property and honestly, your negotiation skills. 

There are a few things which you must be aware of while you are dealing with a broker:

• Signing an agreement with the broker beforehand:

  This is advisable in order to avoid any discrepancy between you two.

• Tell them what you want:

  It’s really important to convey all your expectations clearly. In order for them to do their job, it’s important that you communicate every detail clearly.

• Don’t sign documents without full knowledge:

  It’s very important that you know what you sign on. Even if you know that your broker is genuine, you must not take any risks.

You know the hassle of dealing with a broker can be done off in a snap. 

Hi there,

Dealing with a broker can be tricky. A real estate commission agent charges as per the price of the property. I agree with Ms Shreya on this one. Generally, an agent fee can be 1.5% or 2% of the sale value. So, I would suggest you not to fall into the trap of real estate agent commission. You will have to pay a huge amount of money for nothing. Instead, you can search online and go for a site visit on your own. A broker can sell you a property with legal discrepancies so be very careful when you are talking to an agent. Always run due diligence before purchasing a property from an agent in case you have already selected a house. 

I have purchased a house from NoBroker and the process went very smoothly. I took the buyer plan and the buyer plan provided me with a field manager which was very helpful. The field manager helped me wherever required and cleared my doubt. I saved a huge amount by looking at property online. NoBroker is taking the initiative to remove brokerage from India which I find so amazing. I hope you like my take on commission agents.

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