How letting agents add value in the rental market

Some online agents try to convince you that using their platform will save you lots of money, but we think the opposite is true. They’ll tell you the need for a physical agent is old-fashioned and everyone can do it themselves just by listing on the internet. However, letting agents still have a vital role to play in letting properties - and here’s why. While a future utopia of online-only agents in which you can list your property, sit back, and relax as the viewing requests flock in could become a reality, xx per cent of landlords still prefer to use a lettings agent from the high street. This shows that having someone take care of the main nuts and bolts still holds plenty of weight. Rightmove and Zoopla’s reach is tremendous - no one would argue against that. But to guarantee the quickest let you can’t solely rely on these platforms. An agent will not only list your property on these portals; they will put together a full-scale marketing assault designed to rent your property as quickly as possible. It’s bad for business to have stock lying around for an extended period. A lettings agent will tap into their extensive lists of already registered tenants and relocation agents, something online-only’s can’t offer, so that your chances of a quick let increase. Professional photos, floor plans and an EPC will all be taken care of too. Agents know how to get properties market ready. We have found that landlords don’t want the hassle of navigating the whole process. From advising on rent levels and local demographics to creating secure tenancy agreements an agent is extremely useful to have on hand. As the chart above shows, In Bicester, the average rent is £700 per month for a one bed, £870 for a two bed, £1,070 for a three bed and £1,520 for a four bed. Having this sort of information available is extremely useful for any Bicester landlords. A good agent acts as a middle person, stripping out the pain from the process. If you’re a landlord and would like to know more about our services, don’t hesitate to give us a call. Sales by house type in recent years The rate at which properties are sold in the market is probably the best indicator of what we in the trade call ‘buoyancy’. In this chart we show the number of properties which have been sold each year since 2008. Read More...@https://www.alexanderandco.co.uk/market-updates/bicester/275-how-letting-agents-add-value-in-the-rental-market