There are Common Misconceptions In Our Every Day Life Which We Believe To Be True....
There are also plenty of them floating around in the property industry – assumptions made which some read online or hear by word of mouth and believe to be true. We’re here to bust those myths and misconceptions so you can avoid any costly mistakes going forward…
It happens in every industry – there are always a few assumptions, myths and half-truths out there which everyone assumes are true when they aren’t. Separate fact from fiction and find out if what you’ve read online is really the truth…There are many myths that we follow everyday which simply aren’t true, for example: Your blood is blue before its oxygenated. While many believe that de-oxygenated blood is blue, it is a myth because human blood is always red - although the level of redness does differ depending on how oxygenated it is. Or Chameleons change colour to match their surroundings. Believe it or not, chameleons change colour as a response to mood, temperature, communication and light instead of the object they are touching.
Misconception 1: All Lettings Agents Are The Same
This is a common one & very definitely NOT TRUE. Not only are individual agents different, but companies are also very different and will go about letting your property differently. Look around and find the perfect agent for you - after all this is a big job and you need to have complete trust in the person you choose to do it. At Jacksons we have never embraced the "one size fits all" ethos, every client and their journey is unique. An individualised marketing plan is agreed in conjunction with your needs and expectations.
Misconception 2: You Need To Ask A High Rent Then Negotiate
The Internet has allowed potential tenants to research the local area resulting in them being able to see what similar properties have let for. If you price your property too high, not only will you put tenants off, but you also run the risk of not getting any interest, leaving your property on the market. Once a property has been on the market for an extended period, people begin to wonder if there is something wrong with it. Instead, focus on pricing your property on its worth and attracting the right tenant.
Misconception 3: Your PROPERTY Doesn't Need To Be TURNKEY Ready
How you set your property out & the standard which it is presented in will determine the type of tenant that you get. Tenants want to be able to envisage their own family in the property. It is also important to clean the property and repair any minor problems or DIY. At Jacksons we have a team member who can advise on you on the best way to present your property so that you get the best rental return with the minimum spend.
Misconception 4: You Should Choose The Agent Who Says They Will Rent Your Property For The Highest Price
You should choose an agent based on their experience and knowledge of the local market. Pricing your property high may be appealing but it will just end up on the market for too long. Instead, choose an agent who you trust and have faith in, offers great marketing and knows your area. Many agents get paid to put your property on the market, it doesn’t matter to them whether the property lets or not. If you have an agent that gives you a price which is higher than others have recommended it may be worth asking WHY?
Misconception 5: Estate Agents Will Say Anything To Let A Property
Much of the estate agency business is done by referral or recommendation, and if an agent constantly lied, they wouldn't receive business. Word of mouth will soon spread about an untrustworthy agent. Check reviews and ask people in your local town to find the best agent for you and your property.
Whether you are a first-time landlord or have let your property multiple times, the property world can be daunting and confusing. By using Jacksons to let your property you can be confident that we will be with you every step of the way.