Estate Agents and Mortgage Questions

October 16th, 2007
The estate agents keep asking me if I have got my mortgage arranged and I feel it’s none of their business. I really feel as if it’s an intrusive question. Is it just so they can get more sales commission selling me a mortgage?

Rita

Rita

An estate agent has to make sure that any offers that are discussed are realistic and that the potential purchaser is in a proceedable position. The Estate Agent is obligated to do the best for their Vendors.

If a potential purchaser cannot get a mortgage or cannot afford a property then it wastes the vendors time and the agents time doing the viewing. If you are a vendor you would want the viewers to be in a proceedable position to purchase your home, not just a tyre kicker or a time waster.

What I would suggest is that you get a mortgage certificate from your bank, building society or mortgage broker qualifying you to the level you can spend. This puts you in a much stronger buying position when offering on properties.

Do I need an Estate Agent Board?

October 16th, 2007

My house is for sale in Urmston and the estate agent is pestering me to get a board put outside. I don’t like the idea that friends will be talking about moving and I don’t want the neighbours to know my business. Do I need a board?

Kenneth

Kenneth

If you want to sell your home, a board can help, it’s good that the neighbours and friends are talking about you moving, they may have a friend who wants to move to the area.

A board is a really useful sales tool plus it’s help viewers to locate the property, especially in the winter months when it’s getting dark earlier. So don’t delay get that board organised today.

I have a 2 bed house for Sale in Stretford

October 16th, 2007
I am an animal lover and have two cats who are quite elderly, as we are heading into a cold period of time they don’t like to get out much and therefore have to use the Cat trays, I have one downstairs and one upstairs, I don’t notice the smell however viewer have commented on it.I have asked the agent if they have had any feedback and they have mentioned people have commented. What could you suggest?

Kimberley

Kimberley

Pets can be a problem, and housebound ones are especially problematic, short of getting them stuffed and put in glass cases I would suggest shipping them out to a friends house for a while, just to help sell your home.

Cats and cat tray odour can be quite unappealing and you may not register it as you are living with them. It’s a short term inconvenience for a long term gain.

Letting Agent in Manchester Required

October 15th, 2007

I need a Letting Agent in Manchester. I have a two bedroom apartment in Manchester. I have just discovered that the initial 6 month tenancy comes to an end in one week!!! I just totally forgot as I was away on holiday. I need a tenant fast can you help…?

It is so important for a landlord to get the property back on the market as soon as your tenants give notice. This way you are giving yourself one month or is some cases two months to market the property, carry out viewings and reference the tenant so that you have a new tenant lined up and ready to move as soon as your previous tenant moves out, thus cutting your void periods.

You have now lost nearly three weeks of extremely valuable time which will most certainly result in a void period. This means every day the property is empty you are losing money.

At Kings Residential we strive to make sure all managed properties are placed back on the market one month prior to the tenancy ending or as soon as notice is received. This way our viewings agents have more than enough time to secure the next tenant which results in a happy and void free landlord.

Kings Residential Open a New Office in Stretford

October 14th, 2007

We are pleased to announce the opening of our newest office in Stretford. We have the largest and smartest premises of all the Stretford agents and we are targetting Stretford, Old Trafford, Urmston, Flixton and Davyhulme from this branch.

For a listing of houses for Sale in Stretford follow this link

For a listing of houses for Sale in Urmston follow this link

For a listing of houses for Sale in Old Trafford follow this link

I have a rental flat in Manchester and the tenant is not paying the rent

October 9th, 2007
My flat in Manchester City Centre is rented to a tenant who is not paying the rent. He seemed such a nice boy when he handed over the 1st month’s rent. I am based in London and I am getting very frustrated as every time I call I get his answer phone.

I would be interested to hear how you found this tenant being such a long distance away.

Landlords sometimes think they can save a few quid on the agent fees by finding their own tenant. Sometimes this works out OK but I hear too many stories just like yours.

Bad tenants will purposely seek out private landlords as the checks that they carry out are minimal. The long distance landlord is even better (for the rogue tenant) because it is a long journey to the North West and when you get here they may be out or on holiday.

If you don’t handle things properly you can end up in court for harassment and then getting an eviction is almost impossible. To do things properly you need to make several visits and really need to be on the spot.

My advice is to talk to a solicitor to get this guy out as soon as possible and then use a reputable agent next time. A lot of the real rogue tenants just don’t apply in the first place as they don’t want to lose their application fees when they are rumbled.

At Kings Residential we would take care of this situation for you on our Fully Managed service. We have a strict protocol for handling arrears and the tenant knows from the outset that we will make promises regarding charges and eviction and we will keep those promises.


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