Choosing a Estate Agent|
If you are planning on renting or selling your property, it is essential for you to select the right estate agent. One way to investigate which estate agents would suit your needs is to visit your local estate agent. Preferable an old estate agent who have experience within your local area, also checking how many properties are being sold or rented by the estate agents should give you a picture on how effective there services are. Please don’t feel that because they are your local estate agent s you have to use their services, it is your choice like it’s your choice on what car you would like to buy. It’s also advised to look around the area to see the ‘for sale’/’for let’ boards being displayed, to indicate how successful the agents have been.
A less stressful way is to check your local papers to see how many properties are being advertised, check the properties that are similar to yours. It would be very useful if you can communicate with someone who has recently used the agent’s services, so you can find out firsthand what level of quality their Landlord Solutions services are.
Now there are a lot of horror stories out there about properties being over valuated, so to avoid any nasty surprises it is advised to request proof from the estate agents. On properties similar to your property actually being sold or rented for the said price, especially with valuations never be satisfied with just one valuation. It is suggested to get many different valuations from as many agents, they will vary but should give you a better idea where an agent maybe pulling your leg. If you are able do web searches in your area for properties similar to yours, to keep up to date with the prices within your area.
Another thing to watch out for is to beware of being offered a low fee with an agent; a low commission would normally mean a low incentive to sell/rent the property. Also it is important to fully understand the contract being offered, wouldn’t want to be in a position where you have to pay the Landlord Manager commission before the property has been sold/rented.
A good way to see how effective your agents are is to play a role by approaching the agents as an interested buyer/renter. To successfully see how fast and how high the level of service is being offered potential buyers/renters, after all these tedious checks please remember to research and confirm which Redress Scheme your Landlord Property Management estate agent is registered to. Also are you able to pursue any complaints you may have through the internal processes of the association.
Does the Estate agent have the right experience selling/renting properties like yours locally?
How many and for how much have the estate agents sold/rented similar properties to yours locally?
How many other clients (similar to your needs) have the estate agent maintained?
The most important would be your gut feeling, ask yourself. Do you trust the agents; walk away if you have any doubts.
Please this article is only here to warn you of a few issues within the estate market, please seek professional advice with any subject mentioned in this article.
Thank you for reading, good luck
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