Archive

Posts Tagged ‘apartments to rent manchester’

Describing The Role Of An Estate Agent

November 6th, 2018 Comments off

Theoretically, estate agents assist buyers and sellers to buy or sell their property. Sometimes you hate them and sometimes you love them for their role of trading. However, it is a fact that they are the major part for buying or selling any product in UK. The specific role of an estate agent is mentioned below.

Firstly, the estate agent estimates the correct price of your property. They are very well versed with the market situation and they do update their evaluations from time to time. Based on this information, they tell you the value of your property. The evaluators are usually qualified from the Royal Institute of Chartered Surveyors or from the National Association of Estate Agents. The agents try to fix the value at very minimum so that they could attract the maximum number of buyers. Nevertheless, when you are a buyer they will tell high price and they will reduce it during negotiations.

Secondly, the role of an estate agent is to present your property properly to the buyers. Therefore, you can emphasise on the strong points about your property for the estate agent to tell the buyers. This would certainly assist them to describe your property in a better way to the potential customers.

The third function of an estate agent is to advertise your property. The quality and placement of these advertisements are important. Estate agents will advertise your property in the local papers, on their websites and on promotional brochures and listings.

They will also go to your property to show it to the potential customer. There are some lazy agents and some active agents. The lazy agents wait for the customers to come to them and the other type goes to customer to sell your property.

The estate agents have to manage the total selling process. They have to go through all the legal documentations once a property has been sold. They have to do a lot of work for you. The active kind of estate agents honestly tries to assist sellers and buyers.

It is in your own benefit that you tell the major and key points of your property to the estate agency. It is a morally good act not to call the estate agent to visit your property vaguely. However, you can call them when it is necessary.

All these points have to be discussed with the estate agent, as he will be showing the house to the potential buyers and negotiate with them.

About the Author:

Advantages Of Using A Letting Agency

August 22nd, 2018 Comments off

Getting a residence is not a simple decision, even for those who have a lot of money. Unluckily, most of the citizens do not have sufficient funds to even consider buying a house. Housing prices, in spite of the current recession, have not dropped to such a level that everyone can afford to buy one. The majority people have no other alternative but to rent a house.

Although getting a home on rent is not as hard as compared to buying one, an adequate amount of difficulties can build a normal person totally disheartened from the entire process. The major hurdle is to get a house that suits the requirement of a specific family.

Next significant factor is the monthly rent and the locality of the home. As per the most significant feature of renting a house, one has to establish the needs of their family. If they are a large family of around eight to nine people, they would need a minimum of a double storey residence with three bedrooms. A small family unit of three people, on the other side, can survive with no trouble in a one-bedroom apartment.

It’s difficult to find a house with reasonable rent, especially if someone wants to live close to the High street, as houses are more expensive there. High Street houses are more in demand as they have lots of shops in access.

It is normally not easy for someone to find a house near High street with a good deal; the reason being, a common man does not know much about letting business and can be easily fooled by dealers. They may end up in living at a compromised location or end up paying far more than actual worth of the house.

The wisest way to deal with this situation is by using a certified and well known letting agency. These agencies have the key business of serving citizens in renting homes at reasonable prices and at good localities.

The fundamental work of a letting agency is to get houses that are available on rent, and catalogue them with their construction, locality, features, facilities, and total property price. They liaise with the landowners and assist them in renting out their residences. In the same way, they provide this information to prospective tenants and give them all the particulars. Letting agencies take a small amount of charges from both service users for this facilitation of services.

The most important advantage of subscribing with a letting agency is that the prospective tenants have to face less amount of hassle in finding a residence. One does not even have to go in order to inspect the houses since one can see their videos and photographs present in the catalogue of the agencies. Prospective tenant only visits a house if it suits the necessities and is up to the mark. The letting agencies also arrange for the trip to examine the house and offer a detailed visit to assist the tenants in reaching a conclusion.

About the Author:

Benefits Of A Tenancy Agreement

June 13th, 2018 Comments off

Once the owner and the tenant come to a mutual decision, they have to sign an important piece of agreement, which is known as the Tenancy Contract. The Tenancy Contract is the pact signed by both parties, one being the tenant and the other being the owner of the property. This document allows the tenant to stay at the property of the owner and gives the owner the right to receive the payment for letting the tenant to reside at his property.

The Tenancy Agreement is simply for the facility of both the groups, so that no clashes or issues arise after the property is rented. It can be both in written or oral form. However, the oral agreement can cause problems afterwards, as there is no evidence of it. Hence, the written contract should always be preferred to have a written record and proof of the whole agreement. The written agreement makes it easy for you to gain your rights by approaching law, if such a requirement is arisen.

The Tenancy Agreement should be in accordance with the country law. It must privilege you with your statutory rights; otherwise, it becomes ineffective. Through this agreement, both the landlord and the tenant are liable to some privileges, and bound by some errands.

It is very important that the agreement have a clear mention of all the details point wise with the signature of the tenant as well as the owner. The presence of a person providing guarantee, that is a third person, is very vital. He has to assure that all payments and dues are dealt with as per the tenancy agreement. The duration of the tenancy, with starting and ending dates, should be mentioned in the contract.

The payment that the tenant has to submit to the owner, has to be stated in both words, as well as numbers next to the agreed due date for the payments. The owner of the property will then give a written testimonial about the security deposit that he has the right to keep till the tenure of the tenancy. Even the amount of the security deposit has to be in words as well as in numbers.

Even the system of the payments should be clearly mentioned in the tenancy contract for future reference, which will state the way the rent will be paid to the owner; either directly, by the state agent, by mail, cash in hand or by signing a cheque. This will be a written proof holding all the details of the payments.

The tenancy contract will also comprise of minute details such as the responsibility of the tenant to pay off all the bills of the facilities he uses, such as electricity, water, gas, along with the fees of reconnection of any facility (if required), television license fee and others. It should be clearly mentioned in the contract that the tenant is bound to take care of the house and only use it for residential purpose. On the other hand, it should also mention the duty of the owner to pay for all the maintenance and repairs, pay the taxes as well the details of the insurance of the property.

The tenancy contract proves to be a record of all mutual agreements decided by both parties, and hence, they are bound to abide by it in order to avoid any disputes.

About the Author:

Technicalities Of The Renting Market

January 18th, 2012 Comments off

The economy of the entire world is gradually ceding back due to which more and more people are planning to make their economic conditions a bit constant. The declining economy is badly affecting the property owner as well. The UK is greatly stirred by the worsening economy. People are now searching for extraordinary ways to cope with the financial turmoil.

Homeowners, distressed with such crisis, find no way except to lease out their property. Now, those having extra houses can attain financial stability by renting them out, while the people who do not have any extra house are unfortunately in loss. They cannot help themselves out of the crisis.

The value of a property, whether residential or commercial, is of prime importance in the rental market. Commercial properties always fetch higher prices as they can be rented out to multiple tenants, and can be used for trade activities. Residential properties, on the other hand, have to be rented out to single tenants in most cases, except for an apartment building. Value of residential property also depends upon the location of the neighbourhood and distance from the city centre. If a property is located in the city centre or closer, the rates will be higher. Similarly, areas with a good reputation and posh locality are considered gold mines in the residential rental market.

Other than the site of the property, the construction factor is also very important. People prefer living in well-constructed and splendid houses. One should consider the structural aspect of the house while buying or renting. These days, people are more thoughtful about residing in the houses having extraordinary interior designing.

Apart from the locality of the property, the condition and construction plays an important role in determining its rental value. The construction of a property will never be out of consideration to the property dealers or the homebuyers. Similarly, tenants also take into account the construction of the house and its interior design. Properties with poor construction or bad design will not fetch a high price in the market, and are considered out of the contemporary rental market. They might get rented out but the aggregate rent will be much lower than a house of similar size with a better design; people like to stay in better homes, and may only stay in an old fashioned house if they are facing a financial crunch.

Utilities

Utilities have always been of prime importance in the rental market, and they will always maintain their significance. The extra focus on utilities, that was once considered a preliminary factor in the rental market, is no more considered to be of high importance in the rental market. Tenants now prefer to install their own internet and telephone connection and do not want to have an already installed connection. In fact, many tenants now favour a house that does not have a gas connection as they are wary of the gas bills. Instead, they install electrical ovens and heating system. It all depends on the choice of a tenant, but we can say that modern rental market has become quite aggressive in this regard. The rental value of a home can get lower in case the landlords are not eager to satisfy the needs of the tenants.

About the Author:

What To Think About Before You Rent Out Your Property?

January 6th, 2012 Comments off

It is a serious business to rent out your property and requires a lot of concentration. There are certain things that need to be considered before you rent out your property. Your property should be presentable enough if you want to get a handsome amount of renting money out of it. Then you can ask your tenants too to look after the property in an excellent way.

One of first and foremost considerations is the fact that if you have a mortgage on the property you wish to let, then you would have to contact your mortgage provider and gain permission in writing before you can actually let out the property. In case of a lease, the same also applies.

Second important thing would be the appearance of the property. The property needs to be presentable enough to attract the forthcoming tenants. You may need to spend some money on its renovation and repairs, if you think that is needed prior to advertising your property on the market.

The tenants are attracted by well-decorated properties even more. If you want to make your property stand out amongst others to let properties in the market, then you will need to invest on its decoration. You can even hire a professional and well-reputed real estate agent who can help you find the right tenant for your property. It is advisable to take a survey of ongoing fees of estate agents and then hire the most suitable one for your property.

You would also have to make sure that the plumbing, wiring, appliances, and other things are in working order. This is because it is important to provide a smooth functioning home to the tenants. You would also have to advertise that you have a property to rent out. In case you already have tenants living in the property, then you would also have to make sure that they are given prior notice to vacate the property.

The wiring, plumbing, appliances, water supply, and other important things should be double-checked. You will need to publicities your property in the local newspaper. You need to give a notice well in advance to your existing tenants to evacuate your property that you already have in your property.

If the property was in your personal use before, do not forget to remove your personal items before letting it out to someone else. You must not personalise the property after you have made up your mind to let it out.

It is a good idea to leave behind essential information for the tenant to be. Such information includes the important numbers like those of the local authorities and tax registration etc. This would offer convenience for the tenants as well as you.

About the Author: