Selecting Estate agents can be difficult, with so many agents in the market it can be difficult to select the best. Estate agents London have number of 5 star reviews that assures that we provide a high quality service.
How to select a Letting Agent
With the residential market expanding and the buy to let becoming popular for rental and for long term investment. Office of national statistics show that 20% of the households in England had been renting in the private sector. This is has expanded significantly in recent years but due the increase of stamp duty and loan interest restrictions that have come into play int the 2017-18 tax year, the market has been impacted and it has become difficult to purchase a buy to let.
Most Landlord would employ a letting agent to ensure their property is meeting its compliance obligations and managing their property. It's important to select an expert that is trustworthy and has a proven track record. This can be done by researching their reviews and seeing what others say about them.
Using a local Letting agent
It makes sense to use a local agent as they will know the market and the customers buying habits. They will have an understanding of the rental value and this can be an important factor when selecting the right tenants.
Choose the service level package
Most agents have three packages, the first one is usually the tenant finder which means they will do the due diligence and find you the tenants. The second one is tenant finder and rent collection, which means they will find the tenants, collect and deliver the rent to you. The third level is full management, which means they will find the tenants, collect and deliver the rent and take care of all the maintenance. You can be paying anywhere between 8%-10% of the rent on the full management service.
Advertising, Marketing and rent
Finding a tenant quickly will save you money, an experienced agent will try to deliver this as soon as possible. Estate agents London can proudly say they are a registered agent with Zoopla. Advertising on portals is the way forward as we are now moving towards a digital world and people are spending more time on mobile phones and computers. Agent boards are also important, but it would be fair to say the internet is now leading the market.
Call Estate agents London today and book a valuation.