Positive start to 2012 for Residential Lettings
April 2012
2012 has started off on a very positive note within our Residential Letting Departments. Reports of increasing demand from tenants along with new properties being added to the portfolio daily has resulted in a very productive period. It is a well documented fact that many new Landlords entering the market are doing so reluctantly or as a means of security for the future. Either way this has resulted in an influx of first time Landlords all of whom are looking for key advice on where to invest their money, as well as accurate information on how to deal with letting their properties. This is where it pays to seek guidance from an experienced agent, one who can advise you on what to look out for when purchasing a buy-to-let and also on how best to present a property in order to produce a speedy and problem free let.
With the Lettings market continuing to grow, we are seeing an increased number of Residential Sales agents opening Lettings departments, some of which are offering reduced fees as an incentive to use their services. It may be worth noting in situations such as these; “that in order to make the transition form an Estate Agent to Letting Agent you need to have studied more than a hundred different pieces of legislation”. Worth noting!
We are very fortunate within Greenslade Taylor Hunt to have a department totally dedicated to this field, one which is growing with the recent addition of our South Molton office and most recently our Wells office. Predictions for the forthcoming year are encouraging and it will be very interesting to see how the market progresses into the next quarter and beyond.