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10 Things Letting Agents Don’t Want You to Know

Whether you are looking for your ideal house or getting ready to let your existing one go, there is a lot more to the process than it first seems. Managing everything from viewings to paperwork, letting agents work behind the scenes to maintain order. Although they might look open, there are some matters they’d rather not address. For example, that open house they’re so desirous to organise? It might not be only for your benefit, it is still a means to draw more customers for themselves rather than to sell your home rapidly. Particularly when handling letting agents in Manchester, it is critical to be aware of what exactly is happening. Though they could provide professional guidance, keep in mind that they are also trying to protect their commission. Understanding what remains unspoken allows one to negotiate the property game with assurance, since whether one is buying, selling, or renting, make knowledgeable judgments and ask better questions.

You Can Negotiate the Rent

Though not always the scenario, letting agents frequently portray the rent as set. Rarely do they declare that owners could take a lower offer, particularly if the home has been empty for some time. Agents need the top rental since their compensation typically relies on it. Still, you have all right to combine an offer under the asking price. Asking never kills. Politely tell your view and allow them to present it to the landlord.

Some Fees Are Avoidable

Even though the Tenant Fees Act 2019 outlaws tenant fees, some letting agents still try to sneak in fees. They could be known as “admin” charges or “renewal” charges. They aren’t necessarily even legal. Many renters don’t know they can protest these or merely not pay. Check the official government list of restricted fees or request a written breakdown whenever a fee appears strange. Letting agents expect you will not dig deeper; however, you must.

The Landlord, Not the Agent, Sets Most Rules

Agents occasionally behave as if they have the ultimate authority on move-in dates, maintenance, or property regulations. Normally, however, the tenant determines that. The agent is simply in the centre. Should you believe the agent is being difficult or ambiguous, ask them to connect you directly to the landlord. Agents sometimes do not appreciate this since it puts their negotiation at risk of spiralling out of hand. Your right to communicate when necessary still exists.

They May Prioritise Landlords Over Tenants

Letting agents work for the landlord from a technical standpoint. Keeping the landlord content and the property profitable is their top priority. That means your problems do not always have to be first. A damaged boiler or mould problem could be noted, and it takes weeks or even days to address. The agent has sometimes not handed the message on or followed up, so this delay is not always caused by the inactive landlord. Keep a written list of your requests and be persistent.

The Property May Have a History

Some qualities have histories that brokers decide not to mention. This could entail past pest problems, noise problems, or even crimes. Unless stated legally, in many cases, they are under a common law duty to inform you forthwith. Doing your research, therefore, is advisable. Engage with neighbours, look over nearby forums, and always follow your gut reaction during an event. If something doesn’t seem right, there could be a cause.

Repairs Can Be Delayed for Budget Reasons

A swift repair is what you would hope for if something goes wrong. Agents, at times, delay repairs, hoping the problem will solve itself or you will quit complaining. Many times, they search for the least expensive alternative or wait for the landlord’s cost approval. Some are even slow in intent to conserve the landlord’s money. You need not embrace this. Landlords are legally obligated to keep the property in a safe, fit condition. Remind the agent of their law of obligations, whether they drag their feet.

Viewings Might Continue After You Make an Offer

You could apply for a flat, even pay a holding deposit, and fall in love with it. But agents do not necessarily tell you that they may present it to others, even still. Several others use your offer as leverage to negotiate a better price. This is unfair and maddening, but it is the nature of things. To safeguard oneself, request written verification after your application is accepted that the property is off the market. Wait till it’s official before you take it as your own.

Conclusion 

Especially if you lack all of the data, renting can be nerve-wracking. Not the enemy, letting agents need to protect their interests. Staying knowledgeable, asking questions, and standing your ground help you steer free of typical pitfalls and better rent decisions. Your house is your space; after all, ensure the acquisition process is just as safe.

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