Finding a good realtor is difficult even when you live in the city where you are searching. Investing from abroad adds an additional element of difficulty.
Since you can not meet potential agents face to face and you can’t see properties immediately, overseas property investment can be challenging.
However, there are several steps you can take to minimize these problems. Follow them, and finding a great agent will be easy, even from overseas.
#1. Use Real Estate Websites and Apps
We know what you’re thinking. This one is obvious! You’re reading this on a real estate website, so of course you know you should use them.
If you really want to, you can just skip to number two now. This one is for the novices among us.
Real estate websites and apps like Property Guide Pakistan are important and useful in finding an agent for a simple reason.
We do most of the work for you!
Each one of our agents is verified through a stringent vetting process that ensures reliability and trust. In the unlikely event that you have a problem with an agent, you can rely on us to sort it out.
Other tech solutions to getting in touch with a realtor in Pakistan while overseas are basic email programs, applications like Skype and inexpensive voice over IP (VOIP) plans from your local telecommunications provider.
#2. Ask Friends and Family
Many overseas Pakistanis maintain their family ties around the world. Whether you live in the United States, the United Kingdom or the United Arab Emirates, consulting with your family should be one of the first things you do when investing from abroad.
Naturally, your family is probably busy with their own lives and can only help out so much. So without being too demanding, you can ask for their help in simple ways. Some of these include using their address for mailings, having the realtors relay messages through them and of course, the occasional property viewing.
But the most important way your family can help is through recommendations. If a member of your family had a good experience with a particular agent, then he would be the perfect one to start with.
#3. Shop Around. Try Different Realtors
For many of us, it is in our nature to put faith and trust in the people who give us immediate attention. This means that we tend to go with the first agent we meet, hoping that they will be the perfect one.
As foolish as this may seem, it is true. Luckily, it is an easy habit to break. Simply get in touch with several agents in one day, and let them know that you are working with other agents and that you would like to hear their commission rates and what they have to offer.
You will be pleasantly surprised about how that subtle hint can put a fire under the agents who really want to help you and can scare away those who are simply not up to the task.
#4. Do Your Own Research!
At Property Guide, we value research above almost all else. Knowledge is the best tool for finding the perfect agent.
This means doing diligent research on local property transfer laws, agent commissions, taxes, token money, initial deposits (bayana) and in investments that involve a mortgage, the payment scheme.
Some other things to do research on are special procedures for overseas Pakistanis and the certification requirements for real estate agents.
#5. Invest More Than Just Your Money
The final step in finding the perfect real estate agent in Pakistan is somewhat philosophical. Naturally, when you invest your hard-earned money into anything, you are hoping for a profit. But investing in real estate is not just about money, as we have said many times here on the Property Guide Pakistan journal.
When buying real estate, you must also invest your time, your hope, your passion and yourself. Buying property means buying into a community. If you aren’t willing to be a part of that community in some way, then it is probably not the right investment for you.
You might be wondering, how does this relate to finding an agent?
The best way to find the right agent is to meet face to face. This means investing your time in travel. Of course, you are a busy person and probably don’t have the time to jet around the world to meet every potential realtor. However, if you make it clear to your agents that doing business with you means meeting face to face down the line, they are more likely to take you seriously.
Therefore, it is essential that you plan a visit during the investment process so that you can ensure your agent fulfills his part of the deal.
Additionally, if the property is worth buying, it is also worth visiting. And undoubtedly, your family will be happy to see you again.