In UK, the real estate is simply referred to as the ‘property’. Estate agents deal with the marketing, selling, buying and renting of it. If you are looking forward to shifting in or out of Angel, getting in touch with estate agents in angel is a good idea. Angel is situated more or less at the heart of London and hence, you can expect a lot of networking opportunities to get in touch with them.
Why should you hire an estate agent?
Estate agents in angel will take the entire responsibility of your property and sell it to verified buyers. That way, you won’t have to worry about your property going into the wrong hands. ID, residential and financial background checks are mandatorily done by them before making a deal. In case of buying or renting, the same applies. An estate agent will offer you a variety of properties to choose from, at the most reasonable price possible.
An estate agent acts as somewhat like a mediator between the buyer and seller. They are well experienced and hence, you can expect to get reasonable quotes and negotiations through them. Often, a property might require repairs. In that case, a buyer will let the estate agent know of the problems and either the estate agents will make plausible arrangements for its repair or provide other properties to have a look at.
Estate agents operate abiding by some of the laws of UK. The most important laws that are implemented particularly for them are: The Estate Agents Act of 1979, Property Misdescriptions Act of 1991 and the Consumers, Estate Agents and Redress Act of 2007. These judicial acts make sure that the work done follows certain decorum and negates major possibilities of cheats or frauds. The estate agents also have their own set of associations like the Independent Network of Estate Agents, the National Association of Estate Agents, etc. These make sure that the agents follow the pre-assigned norms, failing which, there would be penalties.
If you are worried about having to pay without assurance of service, you would be relieved to know that the estate agents in angel are to be paid only after the property is sold. Hence, until your property gets sold, you need not to pay. Generally, an agent will charge you about 0.75- 3% of the deal amount, depending on the kind of property it is. If it is a commercial property, the charge would be somewhere about 7-15%. Whatever be the charge, do not forget that VAT charges will be added to that. If there is more than one agent involved in the deal, the amount would be split between them. Agents can be booked online too. However, in that case, you will have to choose a package for payment that could range from about 300 to 800 pounds. Though being an agent doesn’t require any particular qualification, knowledge of local property is quintessential to the job. Being an agent, you could earn about 41000-100000pounds a year.