Should You Use an Estate Agent to Find Your Property?
Now that the internet allows us to easily check available listings ourselves, many potential London residents may be wondering if it's worth using an estate agent to find their new home? The truth is, while web has given us lots of options, it still can't make up for years' worth of experience. Here's what you need to look for when you're choosing an estate agent.
You Should Always Look Local
One of the main things you should look for in any estate agent is an in-depth knowledge of the local area. This is why working with a London-based agency like Morgan Randall is the way to go. Not only should a good agent know how long the property has been on the market, past sales history, and if the seller is motivated to sell, but ideally they should have knowledge beyond the immediate area too. This means that they educate you on what to expect from the London market as a whole, and let you know if you'll get better value for your money in another district.
Don't Forget to Check Their History
Unfortunately, it's a catch-22 situation for real estate agencies: they need the customers to gain more experience, but without the experience both shoppers and sellers are reluctant to deal with them. Checking how long the agent has been dealing in the market is one of the first things you should do. If it's less than five years, you may want to look elsewhere. After all, you don't want them to be learning their trade on your time. This lack of experience could be the difference between you finding your dream property for the perfect price or seeing it slip through your fingers. You'll also want to look into their performance history, as this will give you an indication on the kind of service to expect.
Remember There's Strength in Numbers
Finally, it's important to remember that just because you've been speaking to one agency you're aren't restricted to working with only them. Certain firms may be more better working in specific price-ranges or in certain areas, and these things could change during your initial search. People's preconceptions about what they want and what they can afford are often changed when they actually starting looking at properties. Dealing with multiple agencies could even work to your advantage: the added competition between rival firms for your business means that they may be more focused on making sure they find your ideal property.
It's important to be realistic about what you can afford. The London property market is highly competitive right now and this trend only looks to increase in the near future. Outline your requirements to your estate agent early on and let them know you're serious about buying.
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