Paddington, Central London is a bustling area to live in – with notable places of interest such as Paddington Railway Station, Sheldon Square, Little Venice, Camden Lock and St Mary’s Hospital. In addition, Paddington boasts excellent transport facilities, entertainment options and a wide range of properties on sale and rent, making it a popular choice for home owners. In keeping with this, several estate agents have sprung up in Paddington and surrounding areas. Given the large number of estate agents, selecting the right one will be a tough choice for you. Keep in mind that you are dealing with property – which is extremely important and involves a large amount of money and should therefore not be taken lightly.
The first step is to find a reputable estate agent. Although small independent estate agents are less expensive than bigger established agents, it is important to find an agent with a good track record. A good way to find out about estate agents is by asking friends and colleagues to refer you to a reputable company. Another way to find an estate agent is to look out for advertising boards. Agencies that have prominent advertising is often a sign that the estate agent will be serious about marketing your property. Refer to the agencies website as well, and see if the site is updated regularly and to your liking. Your property will be marketed the same way – so you can get an idea of how things will be done.
Once you have found a few estate agents that look interesting, then visit their officers and ask them about their previous clients, experience in the area and how they hope to sell your property.
In addition, make sure you ask about their fees, how payments will be made, and what type of services you can expect from them. Although the fees of an estate agent are important, you should not pick an agent solely based on this aspect. Your selection should be based on a variety of factors such as experience and communication.
Once you are satisfied with the estate agent, then you should show them your property, and explain your expectations. A good agent should be able to advise you on how much rent you can expect, and suitable tenants. He or she will come up with the terms and conditions of the lease, which you should read in great detail before you sign the contract.