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Are you planning on buying property and have been wondering how to go about it? When it comes to looking for property to buy and invest in it may become a challenging task especially if one does not know where to begin. That is where the services of a real estate agent come in handy. A real estate agent is a professional who is trained and qualify to handle matters dealing with investment in property and its management. How does one hire a real estate agent? Below is a guide.

Hiring A Real Estate Agent

Know what you are looking for

It is essential for one to establish what their need is and what kind of real estate agent they are looking. Real estate agent also can specialize or generalize. One can be only a buyer agent, another only a seller agent while another can do both. There also those who do property management as well. Hence, according to Universal Buyers Agent establishing your need will help one look for the real estate agent best suited for them.

Referrals

Many real estate agent remain in business due to referrals from clients who have been satisfied with the work they have done. Talk to people around you like friends, family, neighbors and coworkers. Find out who they have used to buy a property or even sell it and if they would refer them to you. Good real estate agents ensure that there number one priority is their client is satisfied.

Licensing

Looking at the licensing of the real estate agent is essential. The agent needs to be licensed to provide the service. This shows that they have met all the requirements needed to provide the service. Check with the state regulatory body to verify whether the potential real estate agent you plan to hire is licensed.

Experience

One needs to look at the experience of the real estate agent. Find out how long they have been in practice and what their portfolio looks like. How many deals have they been able to close whether it is buying them or selling the property? What is also their current listing? An experienced real estate agent will know the market well and will be able to advise their clients accordingly on what to do.

Credentials

Certifications are also an important factor to consider when hiring a real estate agent. Find out what qualification and …

There are different scenarios in which letting your apartment, or part of it, will certainly fit your current requirements.

It might be that you have acquired a building you do not immediately want to sell. Possibly you have a second home that is not being fully used and could make you some cash from rental. Maybe you have been posted abroad in your work and want someone to sit in the home while you are away. Or maybe you want to let a room in your apartment while you are also living there to generate some additional money and assistance pay the home mortgage. Whatever the situation it might help to use a letting agents service.

Starting

Before you sign up with a letting agent, you need to determine the financial, legal and regulatory matters associated with becoming a proprietor.

1. Finance

It is necessary that you contact your mortgage lender before letting your home. Write and tell them that you want to sub-let your property. If you do not get their written consent, then you might be in breach or your mortgage.

2. Check your Lease
If you currently have a leasehold property, you will certainly need to inspect your lease to make certain that you are not breaching its terms by letting your building. There might be costs involved in granting permissions. Special conditions might be included, and it will depend on you to make certain your tenant and letting agent is aware of these.

3. Insurance

Your current structure and contents policy will most likely not be suitable for application in the lettings market. Tenants are perceived to be more reckless than an owner so you will probably be dealing with an increase in your insurance premium to cover any damage.

Lettings Agencies

When and if all these options are in order you can then sign up with a lettings agency. Using a letting agent will save you time and money in the long run.

The agent will certainly have a list of customers trying to find an apartment like yours, or will certainly be able to advertise it if they do not. They will make contacts, arrange appointments and show people around your building, check references and create contracts.…

R.K. Homes

Tag : Property

Tips For Hiring A Real Estate Agent

Know what you are looking for

Referrals

Licensing

Experience

Credentials

How to Rent Out Your Property