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Letting agencies can be an unscrupulous bunch and you must
ensure that you pick the right one. Every agent that comes
to see you will want your business and therefore you are
a valuable commodity to them.
First
appearances can be deceptive but bear in mind that all agents
should be of a smart appearance - this will give you a good
indication as to how they operate their business - believe
it or not I have seen several agents turn up in jeans and
jumper to value a 5 bedroom house. Needless to say they
did not have a clue what they were doing. The agent should
be smart - this indicates that they take their business
seriously.
Furthermore,
the agent should have a good look around your property -
they need to know exactly what they are going to be marketing.
Talking
of marketing, double check where they are going to advertise
your property is it just their window or do they have regular
advertising in the local paper? Do
not have a board if you are away from home a lot. The boards
are a great advertisement for would be crooks to have a
snoop around and see if anyone is home. Boards can be a
useful means of advertising but be careful.
Agency
fees can be a point of contention. Many agencies, especially
in London charge 10% plus VAT for not only the first year
but also for the second. Check their contract and see if
you can negotiate a lower fee for the renewal year - after
all it only involves sending out a piece of paper. A decent
agent is worth paying for. Many agencies will not give you
a second look if you try and negotiate their first year's
fee as they pride themselves in their work. If they are
that good and they attract the right sort of tenants then
it can be a godsend.
Every
agent should explain what you need to leave in the property,
what condition your property should be in and point out
any defects that may effect the rental.
Every
agent should go through the safety laws with you - this
is a must and any agency that does not will not be worth
anything to you as they obviously do not take their job
very seriously at all.
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