Hi there, I tried the NoBroker’s Know Your Rent tool a week ago and can help you understand the terms “expected rent” and “range”. So, once you use the tool and share all the details about your rented property, you’ll be shown the expected rent. This means the rent you should be paying is based on all the amenities, house configuration, area, etc., you’ve shared.
On the other hand, the range gives you a lower and upper limit of the rent you’re expected to pay for the property details you shared.
Their team analyses the trends in the area, the rates in the other societies near you, your floor and other features to arrive at this range.
This is all from my side. I hope this helps!
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In NoBroker, What are "Know Your Rent"tool, "expected rent" and "range"? How to interpret them? The expected rent always seems to be on the higher side of range.
Samik
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2024-02-26T12:16:07+00:00 2024-02-26T12:16:08+00:00Comment
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