Why rent out a flat through an estate agency?

Renting out a flat – like selling – is a very important decision in our lives. Since we remain the owners (we have the full right to the premises), we look for tenants with whom we will have no problems. Like tenants, we value comfort, so we must arm ourselves with patience. Hundreds of phone calls from potentially interested people await us. Arranging meetings on your own takes a great deal of time, and later it turns out that the viewers… change their minds. They fail to turn up without letting us know beforehand.

If we value our private time and our patience is slowly running out, we have a safer alternative for you – an estate agency. What are the advantages of such a solution?

An estate agency – a guarantee of success

First of all, an estate agency has experience in situations of this kind. It knows our situation perfectly from every side. From the start it will guide us through all the stages, advising how to make the flat more attractive. As we know, you only get one chance to make a first impression, and in their career an estate agent has seen many reactions to flat viewings. They know which elements viewers pay particular attention to. In addition, they suggest what price will be appropriate for the listing (location, furnishing etc. matter), look after organisational matters, take care of your finances (e.g. security in the form of a deposit) and promote the advertisement online appropriately.

Both sides want the matter settled quickly, but of course not at any price. Before interested people start to appear, we should decide what kind of tenants we are looking for. In this matter, too, the help of a professional is invaluable.

An apparent waste of money

Many flat owners decide to rent out on their own mainly for financial reasons. Or at least that is how it seems to them at first. In time it turns out that the commission paid to an estate agency (e.g. 50 per cent) is… more cost-effective. Why? We will explain right away. It rarely happens that a flat is rented out immediately, in the first weeks after the listing is posted. If the flat stands empty, it does not earn its keep. In that time a more experienced estate agent would already have a list of people who are genuinely interested in a long-term let. An agency guarantees better results, especially if we have no experience of this kind of transaction.

Not only do we gain financially, but above all we do not waste time keeping track of deadlines, refreshing the advertisement and showing the flat (provided that the interested person turns up). Time is money!