What Is Real Estate Consultancy And How Can You Benefit From It

Amal Ali 02 Jun 2022

The current real estate market in Egypt is witnessing high competition. Whether due to a large number of units and homes offered for sale or in terms of the increasing number of people who are looking forward to buying their own homes. In addition, the tendency toward investing in real estate is increasing, especially as the real estate market has proven its resilience & ability to overcome recent global crises.

The mission of searching to buy or sell your home can become an overwhelming process if you do not have sufficient experience and information about the real estate market. Customers also face many difficulties, including not being able to access a large number of units to choose from. Or on the other hand, if you are the seller, you may have difficulty reaching a larger number of people interested in buying your unit. Also, you may be confused in evaluating and setting a suitable price for your property if you are not familiar with the current price ranges in the real estate market.

You may have heard about real estate consultancy or have come across an ad urging you to choose your real estate advisor. In this article, we will explain to you in detail what real estate consultancy means. Also, you will find an answer to all the following points:

What is real estate consultancy?
Why would you need a real estate advisor if you are looking to sell or buy a real estate unit?
How can you benefit from and obtain real estate advice?

You can learn more about the Egyptian real estate market now through this article 4 points that will interest you about the current Egyptian real estate market.

What is real estate consultancy?

Often, people do not have an adequate and clear picture of what real estate consultancy offers and what is the importance of benefiting from one of these consultancies. The field of real estate is no different from any of the other disciplines, as it is a sector that requires high knowledge of the market and the law of the country in which you live. In addition, it requires a lot of research and the formation of lists of all the properties offered, whether for sale or purchase. As in every specialty or field, there is a group of people whose task is to harness their deep knowledge of this specialty to guide everyone who needs help.

Real estate consultancy is when you hire a person or representative of a real estate company who specializes in real estate for the region and country in which you live. Your real estate advisor's job is to meet with you and listen to everything you ask for or want to get. Then he does his research to come back to you with a set of options that may suit you. The real estate representative will take you on a field tour to see in reality the available options and you can inspect the property closely. That way he helps you decide which offer is right for you. If you decide on one of the properties, he communicates with the other party and is keen to provide you with an attractive price. The assistance of the real estate consultant continues even after the contracts are signed. In addition, he can help you find suitable companies to provide services for interior design or finishing your home.

The real estate consultant also:

Does marketing campaigns for units
Posting ads for homes and properties for sale
Collect data for the largest number of units for sale or purchase
Review contracts and simplify the process of understanding laws

Why would consider hiring a real estate consultant?

Probably you wonder why you should turn to someone else to help you buy or sell your home when you can count on yourself. The Internet has become full of all kinds of data, and a sufficient amount of information in all fields.

These convincing reasons maybe will encourage you to resort to real estate consultancy:

Save your time and effort: Not knowing the real estate field can waste a lot of your time and effort, which puts you under unnecessary pressure. Especially since many real estate companies offer free real estate consultancy.
Deep knowledge: Instead of wasting your time randomly searching, a consultant will make use of his experience and knowledge to find something that will suit your needs and thus reach your goal without entering into other details.
Infinite choices: While your research can help you reach 2 or 3 properties. The real estate consultant will present a long and varied list of options available in multiple locations. Because of course, he does this research daily and in advance.
Speed results: The searches for a buyer for your property or for a home you are buying can last for long periods and may take many months. This is the result of doing all the tasks on your own. Whereas, relying on a specialist will certainly enable you to get offers faster.
Neighborhood knowledge: The real estate consultant has more knowledge about the neighborhoods in which he offers homes, so he can tell you the pros and cons of the area you want to move to. Helping you determine if it is suitable for you or not.
Realistic Price Guidance: Real estate consultancy helps you to know the real prices in the market. Whether you are thinking of buying or selling. These prices are always subject to change, so your advisor helps you to know the latest price news, which allows you to set reasonable expectations for your research process.
Legal aspects: It is possible to overlook the legal aspects of real estate sales or leasing, so resorting to a specialist will help you understand the contract formulations and avoid violating any of the laws.
Successful negotiation: Negotiation skills are considered one of the most influential points in the success of buying and selling real estate, so choosing a professional and expert in the field will certainly enhance your position and make you reach the best agreement that suits you, whether in terms of price or terms of the quality of the agreement.

In addition to all of the above, knowing a real estate consultant will provide you with someone you can consult on all the confusing details that go into your mind. Also, you will develop professional relationships for future business.

How can you get real estate consultancy?

You may be thinking about how can you get real estate advice and choose the right person to help you. Certainly, your goal is to get rid of stress and anxiety, not to add more by picking the wrong person. Here we will present a set of points that you can take into consideration to choosing the right real estate agent.

One of the best ways that you can follow is to search for real estate consultants who have provided this service to one of your friends or family members. This way you will be guaranteed results because it has been tested by a trusted person.
You can take a tour of your residence area and get acquainted with the real estate offices around you. This way you can choose one of the offices near you to save you distance at times when you need to have meetings with your real estate consultant.
Another way is to search for offices or companies that provide real estate advisory services through the Internet. The Internet will certainly give you a lot of options. Try to choose places that have a range of positive reviews or have a group of people who share their experiences with these offices.
Try to choose more than one real estate consultant and then meet with at least 3 of them, this way you will give yourself more choices. Perhaps you can also ask a series of questions that will help you make a decision. Among these questions:

- How many years of experience do they have in the field?

- How exactly can they help you receive your service?

- How many successful agreements have they made?

- You can also request a recommendation from a customer to tell you about his experience in dealing with this office

With these points in mind, we advise you to make a list of the specifications of the home you are looking for and the most important points that you seek to obtain, in addition to the wishes that you will be grateful for if you reach them in house. If you are looking to sell or rent your property, you can also list your requirements and the prices for which you would like to receive similar offers. In this way, you will be able to clearly and directly convey all your desires and ideas to your real estate consultant, making the process of searching for a home or selling a home much faster and shorter.

For more details, we advise you to read this article: 5 tips to consider before buying your home.

Final thoughts

Certainly, the main objective of real estate consultancy is to help you. The real estate consultant may be a representative of the seller or buyer, and it is also possible that he is a representative of the two parties.

In the Egyptian real estate market, most real estate consultations are free of charge without the need to pay any amount of money. But if an agreement is reached on the sale or purchase, the real estate consultant has the right to obtain a commission, and the percentage is determined according to the standards of the Egyptian market. Therefore, we always advise you to check the commission rate that the real estate office will charge and agree on it in advance so that you are not surprised at the end of your buying or selling process. In addition, the details of real estate agreements differ according to each case, so we always advise you to review the terms and conditions in detail.

Not only getting a real estate consultancy is important, but it is more important that you feel satisfied and content with the service you receive. Feeling confident and stable about the real estate consultant who works with you will certainly positively influence your choices and make you feel that your best interest is the priority. Therefore, we advise you to make your choice according to logical considerations in addition to following your gut feelings. In the end, we hope that your journey in the search for buying or selling a property will be special, comfortable, and successful.

If you are interested in reading other articles about the real estate field, you can browse our website.

Also, if you are looking for the latest real estate projects in Egypt, you can look at the projects page.