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5 REASONS TO START AN ESTATE AGENCY NOW!
If you have a passion for the UK property market and have always thought about becoming an Estate Agent, now might be the best time to launch your new career. While the global pandemic has paved the way forward for entrepreneurism and remote work, online & Franchise Estate Agents are on the rise. Able to offer homeowners high-quality services to sell and rent out their properties, an Estate Agency has the potential to thrive online and in the current economic climate.
If you consider the period of recovery that followed the UK recession during 2008 and 2009, you will remember how the UK property market boomed despite economic uncertainly, and many experts predict the same will occur over the next couple of years. So, here are 5 reasons to start an online Estate Agency business right now.
1: Online Estate Agent & Remote Work
If you enjoy working remotely, being an online Estate Agent will give you the freedom and flexibility to set your own working hours and manage your own time. Rather than be restricted to work from an office, technology has now enabled Estate Agents to work virtually and provide the same if not improved level of services. So if you have a high-speed internet connection, experience in sales, customer service or as an Estate Agent, and interest in the UK property market, this could be the perfect way for you to work remotely or from home.
2: Become Your Own Boss
Setting up your own business unlocks a huge amount of benefits. From becoming financially self-sufficient to learning the ropes when it comes to managing and growing a start-up. If starting from scratch as an online Estate Agent seems daunting, you can also invest in a Franchise and take advantage of training courses and an established brand to launch your business.
3: Maximise Your Passion For The UK Property Market
An Estate Agency can generate high-commissions for selling properties, so if you already enjoy learning about the property market, or have previous experience within the industry why not maximise your existing knowledge. You can specialise in certain areas of the country, or focus on luxury homes, overseas properties or perhaps commercial developments. Spend time doing what you’re passionate about and never work a day in your life.
4: Affordable Investment To Open A Franchise
If you invest in a Franchise, you can leverage from an established Estate Agency without risking your life savings. An initial investment for an Estate Agency Franchise can be as low as £2,000, but some can be as high as £25,000, so doing your homework first is key. But a Franchise investment will mean having an established customer base which means minimising your risk and being able to focus more time on marketing and generating sales, than building a brand.
5: UK Property Market Boom
The UK property market is set to boom, according to some experts and so now presents itself as a prime time to position yourself as an Estate Agent. While Brexit caused a lot of concern among property investors, not to mention the Covid-19 pandemic, according to a recent survey 51% of people said that the UK property market would remain an appealing investment despite the global pandemic and post-Brexit relationships. (1)
HOW TO PASS A HOME REPORT SURVEY
If you’re hoping to sell your home this winter, or in the new year, you’ll need to book a home report survey.
Carried out by a surveyor, a property inspection report will assess the structure of your home and reveal any structural concerns and signs of subsidence, as well as highlight any major repairs that need to be fixed. Passing a home report survey will help build trust with potential buyers and give them the reassurance they need that your home is in good condition.
Having a clean home report survey will help you to attract prospective buyers, but failing to pass your home report could cost you a significant amount of time and money!
So, before you book your property inspection report and put your home on the market, learn from our expert advice. Top tips for homeowners looking to prepare a house for sale in winter.
Prepare Your Home For A Property Inspection & Home Report
There are around 7 property inspection report pitfalls that you could fall into during a home report. Being aware of what a surveyor will be looking out for during their report will help you avoid these common issues.
1: Structural Stability & Foundation Issues
One of the main things a surveyor will assess is how sound your foundations are and whether the property is structurally safe. They will be looking for signs of uneven flooring, bulging and subsidence. A surveyor may also inspect door and window frames, decking and fences. Rather than wait for a surveyor to flag up a structural issue, carry out your own investigation and try to make sure your home is solid, stable and structurally sound before putting it on the market.
Poor pipework and blocked drains can easily be spotted during a property inspection report. If you know you have an issue with plumbing, it’s better to replace plumping, improve water pressure and only sell your home when it’s ready to move into. Faulty plumbing can put off first-time buyers, who are searching for a property to move into straight away, especially during the colder months of the year when hot water is essential.
3: Electrics & Wiring
A home report will also assess your electrics and wiring to check whether they pose a fire risk. During a property inspection report remove any extension cords and multi-plug extensions that could be considered a health and safety issue.
4: Dreaded Damp
Mould, mildew and rising damp can all be flagged up during a home report, but these issues should be fixed before booking a property inspection report. If you know you have a damp or ventilation issue, hire a professional who can locate the source of the problem and put things right before you try to sell your home.
5: Central Heating
The UK is renowned for bad weather so when it comes to central heating, buyers won’t appreciate inadequate heating. To boost your property’s appeal check your central heating system is working well and your home is well insulated. This will give buyers a green tick when it comes to energy-saving potential and will help you pass your home report too.
6: A Good Roof Over Your Head
A surveyor will be looking for physical deterioration of the roof, leaky gutters and holes. If you know your roof is in need of a bit of TLC, consider making the relevant repairs or investing in a new roof before putting up the ‘for sale’ sign.
7: Lock, Keys & Alarms
Safety is a priority when it comes to buying a new home, and a property surveyor will inspect your front door, garage, patio doors, smoke alarms and carbon monoxide detectors. Replacing and upgrading these safety and security features can be done fairly cheaply, so there really are no excuses here.
For more advice and information about selling your property feel free to contact us.
IS IT TIME TO CHANGE YOUR ESTATE AGENT?
5 reasons to switch your estate agent today! Discover the benefits of using a professional estate agent and how to sell your property and save time and money.
Is It Time To Change Your Estate Agent?
The UK property market is still considered a sound investment, but there are always ways to make investing in property or selling your home faster, cheaper and easier than ever. Choosing the right estate agent is one way to considerably reduce your expenses, and if you think your estate agent isn’t living up to your expectations, it might be time to change.
An estate agent’s role is to help you market your property and help you to sell it, along with liaising with mortgage brokers, solicitors, and surveyors, but if they are inexperienced, unmotivated or simply not pulling their weight, it’s OK to move on and take your business elsewhere. From problems with communication, poor marketing strategies and a lack of management here’s 5 reasons why you should switch your estate agent!