Posted by: islamicfinancingnews | December 11, 2013

Islamic finance needs the right real estate agent

There’s lots to learn when you decide to get involved in the world of real estate and Islamic finance products will get you off on the right foot by staying Sharia compliant. However, to find the right property, it’s important to start the process off with a good real estate agent. Here’s a few of the things you need to look for that will add to the package that starts with Islamic loans.

  1. Experience. You should ask to see a portfolio of the homes the agent you’re thinking about using has recently sold. These references should even mortgagecome with contact information so you can get a first hand account of how the agent does their job. Remember this is the biggest investment you’ll likely ever make so you need to be sure the person facilitating the transaction knows the job well.
  2. Education. A good agent will have the licenses necessary to be in good standing in their respective community, but they should also be up on all the current market trends in the area you’re interested in.

Finally, they need to be personable. You can look at this as another arm of Islamic finance and so you can realistically expect to get along with your real estate agent in a professional and courteous manner.

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