Should you use a dedicated Letting Agent?

By: Ian Bates
Submitted: 2008-09-30 00:04:14
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In this article I would discuss the advantages and disadvantages of using an estate agent to rent your home or a dedicated letting agent.  I will focus my efforts on estate agents in Eastbourne, due to the simple fact that you can see a huge number of changes to the way the letting agents are having to compete for all too precious a rental property.  Many letting agents are now going head-to-head with once established estate agency firm, for the rights to rent out your property.

There are many advantages to only using an established a letting agency.  It is worth stating at this point that when I say an established letting agency I can also mean an estate agency that has done lettings for a number of years.  The distinction one ought to draw is between the new firms that have entered the letting market.  Within the new letting agency firms we are finding that inexperience and the confusion over how indeed to secure a good tenant for your property.

The lettings market has never been so strong and it is this reason that you find yourself having to recommend an established letting agency firm.  It is not that you want to see the estate agents of old close, but in a difficult market you are looking for the most experienced and the best service you can come across.  I for one would question whether the new firm to the market would indeed be able to supply this for you.

The only advantage is that I see in the new letting firms, could be ones which is pretty dedicated to the renting of your property.  I question the ability of an estate agency to adapt well enough in a tricky market to ensure you get the service that you deserve or indeed require.  The question also remains why you should even take the risk.

This does mean I feel that many estate agents will close over the coming 18 months.  We have already seen a number of well-established firms make dramatic redundancies and a high number of closures to their offices.  Some such firms include Your Move and the Halifax.  Smaller firms are also feeling a pinch, with many closing their smaller branches.

Essentially estate agents in Eastbourne are now running towards the lettings market. The question is whether you as a customer need even consider using such inexperience firms.

Ian Bates runs a network of Estate Agents in Eastbourne

Article source: Expert Articles

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