I am planning to buy a house, what should I do?

People often ask estate agents the same question, what should they do when buying a new house? Well, the answer can vary depending on your preferences and financial status. In the UK, 45% of people prefer to buy a property through a bank loan however some choose to get a mortgage. Prices of properties don’t remain fixed and tend to increase as time passes. So, it is crucial for the buyers to evaluate their preferences and consult with a professional in this regard. In this post we will go through a few crucial steps that can help you make a profitable property deal:

Decide on a financial option

The qualified estate agents in Covent Garden usually recommend that their clients decide on a finance option in the first step. You should know whether you need to sell your existing property, or if you have enough savings to buy a new home. If you are planning to get a bank loan to cover the finance, you should be aware of the current interest rate and all the legalities, it’s best to look around and speak with different banks before settling on one.

Research the area you want to buy property in

The candidates should research the area they’re thinking of buying a property in, as certain factors are vital to consider:

Traffic Noise: You should make sure you visit the area both during rush hour and not so that you can experience the traffic and the noise.

Crime Rate:  Buyers should be aware of the crime rate in the area. If you are unable to get this information from the estate agent, you can either look it up online or ask the local police department.

Schools: If you have children or are planning to then, looking at the local schools is a necessity. You’ll want to find out if they are close and what the ratings are like.

Flood Risk:  Homes near the sea or rivers are obviously more prone to flooding. So, it’s vital to consider these factors too. You can look up the likelihood of flooding online, or by asking your estate agent.

Know the current market price

Sellers prefer to set a high price of their property however; it doesn’t mean that’s the price you’ll pay. You should keep an eye on the price variation and the current market price. However, besides the price per yard, the overall interior of the house also matters. The flooring, kitchen countertops, plumbing, insulation, and ventilation are crucial factors that can also affect the price of a house.

Contact the estate agent

It isn’t easy finding the right property and you may have to compromise. So, the best way is to contact a qualified estate agent who can make this whole process a lot easier for you. These agents don’t only help in finding a reliable seller, but they save the cost of clients.

 

5 Things about the Daily Routine of Real Estate Agents!

It won’t be wrong to say that estate agents do not spend a typical day as most of them have a hectic routine while being busy with files and listing of properties. The responsible agents understand their duties and take good initiative each morning in order to spend the rest of the day as per schedule. The proper utilization of time and skills is important to get the work done as per the expectations of clients. In this blog, you’ll come to know the duties of agents that are usually included in their daily routine.

 

Maintaining the Record of Listings

Keeping the listings is important for estate agents, and it is like the bread and butter for them. MLS (Multiple Listing Service) is the main source from where agents obtain the data, and they basically need various other leads as well. Sometimes agents can hardly find time for other tasks as listing includes the details of sold and ready to sale properties, which isn’t easy to maintain.

 

Marketing

If the agent is running their own small firm, they’ll have the responsibility of marketing as well. The marketing includes meeting with clients, preparing the publicity ads, and making contracts with advertising agencies. Without effective marketing, the agents are unable to get the business. More on, the agents market themselves even while meeting with different people. Well, the agents shouldn’t just showcase the properties while launching the Internet ads; rather, they should market themselves as well. The professional estate agents in Covent Garden have reached a successful point due to their flawless marketing campaigns.

 

They work with Buyers and Sellers

The estate agents must constantly interact with buyers and sellers in order to make favorable deals. The agents work as intermediaries, so they must meet the expectations of both parties. However, the agents cannot choose one side with biased behavior, so they reveal the necessary facts regarding the property and set the price as per the market. More on, when the agents work for buyers, they must find the property exactly according to the needs of clients. It includes visiting various properties and evaluating important facts like plumbing, electricity, ventilation, landscaping, and other details.

 

They learn New Laws and Regulations

The agents must keep themselves aware of new rules and laws of the field. The chances of errors and mistakes reduce with a good percentage when agents choose to keep up with the education. It is included in the daily routine of the agents and professionals do not compromise on it.

 

The Nuts and Bolts

Multiple deadlines, actions, and deliveries get involved when it comes to the daily routine of professional agents. Such activities keep the agents busy in their work, and this is how they spend their daily routine. So those who are eager to make a prominent place in the field should make perfect use of time.