Reason 37 - Your Real Estate Agent Helps You Scout the Best Tenant for Your Housing Unit

If you decide to offer your property or part of it for lease or for rental, consider finding the best tenant or lessee with the help of a real estate agent or broker. Realtors know the rules of game. There is so much paper work to do, from acquiring permits and legal documentation to attracting tenants. Leave the difficult parts to the partners.

However, if you lacked access to a realtor, refer to family, friends and even media channels like Internet, newspaper, and magazine bulletin to know who to contact and find a reputable realtor to help you meet your needs.

You stand at the receiving end of most benefits if the realtor is a friend of your family. In this manner you don’t have to investigate and adjust each other’s working attitude. You develop trust in doing business with him easily as you have common connections already.

Preparing a rental agreement, likewise, needs partnerise of a realtor. Your agent will guide you and do a draft for you.  Make sure, however, that you indicate any specifications in the agreement to avoid complications and problems with your future tenants. Under the agreement, specify what portion of your property is only available for lease. This will help you estimate the future income tax payments, or tax deductions.

As you are aware of, it is not easy nowadays to complete paper works needed in this kind of agreement deal within a day or two. Realtors, on the other hand, know how to secure necessary documentation and have the rental agreement document ready within short notice. This will give you relief from spending more time and money, if you do this work by yourself. 

Hanging on to your cash and escaping realtor charges will only lead you to a losing proposition. Pricing your property, either for lease of for sale, is not an easy job. You have to consider the prevailing market price and current assessment value of your property’s location based on the market’s movement.

Consider the amount of money you will be spending from shuttling to and forth for the verifications. Add to your headaches the time and effort spent for preparing the documents. By letting your agent do these actions, you keep your peace of mind and prevent yourself from overspending. The realtor is your best partner. Consult with him on any concern and you will surely have a hassle-free business.

Buy, Sell, Rent, Invest, In Singapore

Mindy Yong 杨雯诗

CEA Registration Number : R021232Z

Tel: (+65) 91002985
Fax: (+65) 64021826

mindy@mindyyong.com

KF Property Network Pte Ltd
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