Month: May 2016

Estate Agents Say Leyton is Shining under London’s Property Hood

This is a report by CNN:

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Well, gentrification is steadily rising in the surrounding areas of Leyton, inviting people to come, settle here. This has been borne out of the Central London’s residents’ failure to feel the sprawl of the sprawling capital.

What’s interesting here is the area is as fashionable as the capital, with amazing pubs, bakeries, eateries, coffee shops, bookstores, schools, shopping streets, and commuting roads. As if this wasn’t enough, there are plenty of green spaces as well.

And yet, it is part of the ripple effect, supplying more affordable housing than any other surrounding area. Talk about a regeneration and renewal; it’s happening right here. After a period of damnation and oblivion, the district has finally risen up from the ashes.

Estate Agents Point Out The Current Property Trends in Leyton:

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  • The average price is £496,171.
  • Two-bedroom properties are most preferred; they take up 35.9% in the property pie and are selling for an average price of £444,470.
  • These properties are followed by three bedroom (25.6%), one bedroom (23.8%), four bedroom (8.8%) and five bedroom (5.9%) properties.
  • Flats sell more readily than any other property type; they occupy 65% of the property pie and sell for an average price of £409,538.
  • Flats are followed by terraced properties (24.3%), semi-detached properties (8.4%), and detached properties (2.3%)
  • The district is strewn with lovely Edwardian and Victorian period properties with grand sized gardens.

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Estate agents in Leyton say buyers are more interested in properties for sale that come with high-resolution images. This trend has been noticed in almost 92% sales. This is why it is recommended any property advertisement, on an average, has at least two images.

How’s It Like Living In The District?

Affordability is not the only deal here. A lot depends on the amenities as well as the other class quotients which attract dwellers. For instance, the district is home to a residential portion of the Queen Elizabeth Olympic Park. Plenty of terraced properties are brimming here that date back to the period of 1870 – 1910. Needless to say, buyers are interested.

Leyton, further, does not lack in entertainment hubs and nightlife. This is the place of the Leisure Lagoon – the nearest swimming pool owned by the Council. And who can possibly ignore the presence of the Stratford Picturehouse and Vue Multiplex?

Want to grab a pint of beer soon after work? This is the best place to be. It homes the flower-clad King William IV – one of the capital’s best and upmarket pubs. Did you know it brews its very own liquor on site? Leaving that aside, the district also has great schools.

Travel and transport facilities are awesome. The area is on the Central line of the Tube, making it easy to commute to most of the nearby places. That’s not all. There are excellent independent shopping outlets, grocery stores, and eateries here. The district also flaunts a riding school and an ice rink. Think of sports and the land is no less than a heaven.

So, if you question why move to Leyton, everyone would say, why not? Planning to buy a property already? Make sure you rope in a good estate agent.

A Questionnaire of the Estate Agents That Will Help You Judge Them Correctly in North Walsham

Agents are like the saviours who come out of the blue to guard you from the bad selection of properties or trusting the bad names. Especially, when you do not know where to go and which property to approach, you have to be careful about the choosing of the agent as well.

Estate agents in North Walsham who offers free valuations can be a trusted name in this industry as they have been for long and constantly winning clients from different parts of London, for their professionalism and behaviour.

Professionals have understood the problem the customers face when they have to deal with the unknown agents and hence have formed a set of questionnaire with their probable answers that you must get from the agent and therefore, you can evaluate his value or credibility.

So, here is the questionnaire, which might help you out:

  1. What is the term of your presence in this business?

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It is important to note that the agent must be in this business for a longer time. Check out the year of his activity. He must say that he is the business for more than 5 years after he got his license activated. With the maximum number of experience he will have the skills of the real estate agent and can be more professional in his work.

  1. Are you related to the membership of National Association of Realtors? 

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The name NAR carries a lot of weight and if you are working with an estate agent who is a member of NAR, then you can secure from all sides. Because, this organization requires certain standards to qualify agents, hence there will be false people taking a degree from here.

  1. Can you list my home at MLS? 

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The Multiple Listing Service would help the agents to post your house and details to a platform where other agents can view your property and details. Especially, when you have hired the agent for selling your house, being a member of MLS can benefit you.

  1. Are you free on weekends? 

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Mostly, open houses take place in the weekends where they have to see the details of the property, so the answer should be a yes, from your agent.

  1. Can you mark out the way you will represent us?

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And, his probable answer to this question would include housing inspections, mortgage approval process, and then being present at your closing.

  1. Do you know the details of our area? 

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The agents must know the ins and outs of your locality, if he intends to both selling and even buying a property.

  1. How many homes have you sold?

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The number of houses sold by him in the previous year is important as it will mark his credibility and grip over the industry. But, if the market activity is low, then his number of sold houses might change, and hence you should not be completely judging him by the numbers.

After a strict interview with these questions, you will be sure of the credibility of the estate agents.

 

Property Management through the Eyes of a Real Estate Agent

Wikipedia defines property management as ‘the operation, control, and oversight of real estate.’ But, is that it? Is an estate agent supposed to just ‘take care’ of your room, house, studio flat, plot, or whatever for the purpose? How does it do it? What is the nitty-gritty?

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Here’s An Insight Into How Property Management Is Performed By Estate Agents:

Such activities are mostly done for rented realty. Landlords receive either full range services or entitle the professional to a selective few tasks, taking charge of the rest. The prime role of these professionals is to be an element of coordination between landlords and tenants. Along with that, they might also be responsible for performing the following activities:

1. If certain realty has not been rented yet, the professional has to advertise it to attract potential tenants and minimise downtime.

2. He is supposed to source and screen dependable tenants for the purpose.

3. Credit checking and obtaining references are vital parts of his job.

4. Assisting potential tenants during property viewing is yet another responsibility he has to take on his shoulders.

5.  He has to be legally minded and informed about the latest safety rules and regulations.

6. The task of preparing tenancy agreements and lease addendum rests largely with him.

7. When realty is rented, this professional is also supposed to arrange for and manage the collection of tenancy deposit and rent.

8. Anything related to repair assessment, repair arrangement, and inventory preparation is a task under the sphere of property management in Leytonstone or any other part of the UK.

9. Another crucial task these professionals have to undertake is the transfer of rental income to the landlord’s account and the provision of the relevant statements.

10. Realtors performing these tasks must also inspect the property periodically and provide feedback to the landlord.

11. Such professionals can also carry out evictions and lease termination, and notify tenants when a tenancy ends.

12. Any kind of non-payment, squatting, harassment, and legal issues during evictions are to be handled by them.

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When Should Landlords Hire Estate Agents To Manage Property?

Following are the situations when an expert in managing your realty could come to your rescue:
• You have numerous rental properties which you cannot supervise all by yourself.
• Your residence is nowhere near your rental realty.
• The idea of self-help doesn’t interest you.
• You simply don’t have time for the task.
• The realty belongs to some affordable housing program.

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What Are The Advantages Of Hiring Estate Agents?

Estate agents in Leyton or any other area in the UK deal with potential tenants directly, thus saving you time.
• You need not worry about marketing or promoting your realty as you have these experts to help you out.
• They even help you with rent collection, repair assessment, and repair arrangement.
• Wondering who’s the face behind responding to the complaints of tenants and organising evictions? Of course, these professionals.
• With them looking after your house, rest assured to obtain the rental income on time, to rent the house for a longer time, and to avoid any kind of legal hassles.
• These professionals are the one responsible for shorter vacancy duration, better tenant retention, and profitable rent determining.
• They will even assist landlords in taxes and help in uplifting the overall value of the house.

So, now you know vast the idea of ‘operation, control, and oversight’ is. You can imagine it in this way – if you own a castle, these professional property managers are like the drawbridge over the moat. They’d keep bad tenants away and let your castle remain peaceful forever.