Monday, 12 May 2014

Sunderland Buy to Let - Rule #5

Rule #5 - Estate Agents...Watch Them!

There are good Estate Agents, and bad Estate Agents, but they are all paid by a vendor to sell you a property, not paid by you to help you buy

They may not be as 'on your side' as they seem! 

Don’t get pressured into buying a property until you have a good feel for the market – if you miss out on a good deal, another will appear sooner or later

When you're viewing a horrible property and the agent is saying it’s "fine as a rental" they're simply demonstrating they don't know much about lettings (see Rule #4!)

Finally, they'll more than likely have a good enough understanding of what rent is required to give you a decent return on your investment - take any Estate Agents recommendations on achievable rent with a pinch of salt...or seek independent, impartial advice

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