Loughborough, located in Leicestershire, is a market town situated in close proximity to Leicester, Nottingham, East Midlands Airport, and Derby. The town boasts a rich historical background, showcasing numerous sites and museums for visitors to explore. Additionally, its advantageous location provides easy access to outdoor attractions like the Bradgate Park and Beacon Hill. Notably, Loughborough is home to John Taylor Bellfounders, the largest bell foundry in the world. This renowned establishment has crafted bells for various notable locations, including St. Paul's Cathedral in London and York Minster. Moreover, Loughborough is recognized as the esteemed location of Loughborough University, which received the prestigious title of University of the Year at the 2020 WhatUni Student Choice Awards. At Huntleys, our experienced estate agents are dedicated to our local area. We have effective marketing strategies that generate interest in your property, whether you want to sell or rent it. With a strong presence on the high street, eye-catching signage, and advertisements on popular property websites like Rightmove and Zoopla, we give your property the best chance of attracting the right buyer or tenant. Our top priority is providing excellent customer service and bringing people and properties together.
PROPERTIES TO LET
The percentage that most estate agents charge for their services can vary depending on various factors, including the location, the value of the property, and the specific terms negotiated between the agent and the client. However, it is common for estate agents to charge a commission fee based on a percentage of the final sale price of the property.
The typical range for estate agent commissions is between 1% and 3% of the sale price. The exact percentage can be influenced by market conditions, the level of competition among agents in a given area, and the services provided by the agent.
It's important to note that commission structures can vary, and some agents may charge a fixed fee rather than a percentage. Additionally, there may be additional costs associated with marketing, advertising, or other services provided by the agent. It's always a good idea to discuss and negotiate the commission and any associated fees with your chosen estate agent before entering into a contract or agreement.
1. Research local agents: Start by researching estate agents in your local area. Look for agents with a strong presence and reputation in the market. You can do this by checking online listings, reading reviews and testimonials, asking for recommendations from friends or family, or even visiting local estate agent offices.
2. Check credentials and experience: Verify the credentials and experience of the estate agents you are considering. Look for professional affiliations, licenses, and certifications that demonstrate their expertise and adherence to industry standards. Consider the number of years they have been in business and their track record of successful sales.
3. Interview multiple agents: It's a good idea to interview multiple estate agents before making a decision. Set up meetings or phone calls with them to discuss your requirements, ask questions about their services, and gauge their knowledge and communication skills. This will help you assess their professionalism, responsiveness, and ability to understand and meet your needs.
4. Request market analysis and valuation: Ask the shortlisted estate agents to provide you with a market analysis and property valuation. This will give you an idea of their expertise in your local market and their ability to accurately assess the value of your property. Compare the analyses provided by different agents to evaluate their knowledge and approach.
5. Review marketing strategies: Inquire about the marketing strategies and channels that the estate agents utilize to promote properties. A strong marketing plan is crucial for maximizing exposure and attracting potential buyers. Ask about their online presence, use of professional photography, virtual tours, open houses, and other marketing techniques they employ.
6. Consider fees and contracts: Discuss the commission or fee structure with the estate agents and carefully review any contracts or agreements they present. Understand the terms and conditions, including the duration of the contract, termination clauses, and any additional costs or fees associated with their services.
7. Trust your instincts: Ultimately, trust your instincts and choose an estate agent with whom you feel comfortable and confident. Consider their professionalism, integrity, and compatibility with your specific needs. A good working relationship and effective communication are key to a successful partnership with your estate agent. Remember, finding the right estate agent is an important decision, as they play a significant role in the selling or buying process. Taking the time to research, interview, and compare different agents will help you make an informed choice and increase your chances of a successful transaction. Do Estate agents charge fees? Yes, estate agents typically charge fees for their services. These fees are commonly referred to as commission fees and are paid by the seller of the property. The commission is usually a percentage of the final sale price and is payable to the estate agent upon the successful completion of the sale.
Yes, estate agents typically charge fees for their services. These fees are commonly referred to as commission fees and are paid by the seller of the property. The commission is usually a percentage of the final sale price and is payable to the estate agent upon the successful completion of the sale.
The commission percentage can vary depending on factors such as the location, market conditions, and the specific terms negotiated between the agent and the client. In many countries, including the United States and the United Kingdom, the typical range for estate agent commissions is between 1% and 3% of the sale price. However, it's important to note that commission structures can differ, and some agents may charge a fixed fee instead of a percentage.
When engaging the services of an estate agent, it is essential to have a clear understanding of their fees and any associated costs. Make sure to discuss and negotiate the commission structure and any additional fees, such as marketing expenses, upfront, and include them in the contract or agreement.
While using a local estate agent can be advantageous, it's important to consider the individual agent's reputation, experience, and track record alongside their local expertise. Conduct research, interview multiple agents, and choose one that not only has a strong local presence but also demonstrates professionalism, effective communication, and a good understanding of your specific requirements.
However, it's worth noting that in certain situations, such as when dealing with specialized or unique properties, you may need to consider agents from outside the local area who have expertise in those specific property types or markets. Ultimately, the choice of whether to use a local estate agent depends on your specific needs and circumstances.
While the real estate landscape is evolving, many people still choose to work with estate agents due to the expertise, resources, and convenience they offer. By leveraging their knowledge and services, individuals can benefit from professional assistance and increase their chances of a successful and smooth real estate transaction.
In some countries, such as the United Kingdom, estate agents may ask for a national insurance number as part of their due diligence and regulatory requirements. Here are a few reasons why estate agents may request a national insurance number:
1. Identity Verification: Requesting a national insurance number helps estate agents verify the identity of their clients. This is important for compliance with anti-money laundering regulations and to prevent fraudulent activity. By confirming the national insurance number, estate agents can ensure that they are dealing with the correct individual and maintain the integrity of the transaction.
2. Financial Checks: Estate agents may use national insurance numbers to conduct financial checks or obtain credit references on clients. These checks help agents assess the financial stability and suitability of buyers or tenants. It enables them to gauge whether the client has the financial means to proceed with a purchase or rental agreement.
3. Government Reporting: In some cases, estate agents are required to report certain transactions to government authorities or regulatory bodies. Providing the national insurance number allows agents to fulfill their reporting obligations accurately. This helps ensure compliance with tax regulations, track property transactions, and prevent money laundering or other illegal activities.
It's important to note that the specific reasons for requesting a national insurance number may vary depending on local regulations and industry practices. Estate agents have a legal and ethical responsibility to protect the interests of their clients and uphold relevant laws and regulations.
When providing personal information such as a national insurance number, it is crucial to ensure that you are dealing with a reputable and trustworthy estate agent. Always verify the legitimacy of the agent or agency and understand how they will handle and protect your personal information in accordance with data protection laws and regulations.
Let with Huntleys
Why choose Huntleys?
Design and marketing are at the heart of our approach. With most people now looking for property online, we can get our clients' properties in front of as many people as the most prominent national agents. Where we differ is in the quality of our work. We create stunning digital particulars that highlight the individual attributes of every property we market, with video tours and floorplans as standard. As a result, Huntleys are Loughborough, and Charnwood's most followed estate and letting agent. This has helped us to achieve the highest market share of Agreed Lets in LE11 and LE12 for the past three years, while our new estate agency division is the fastest growing locally YTD.
Where is your office and what are your opening hours?
Our office hours are Monday to Friday, 9:00am to 6:00pm, and Saturdays, 9:00am to 4:00pm. You can find us conveniently located in the heart of Loughborough, right across from Bonkers and between McDonald's and Marks & Spencer. If you're driving, the nearest parking is available at NCP The Rushes. Our address is 7 Biggin Street, Loughborough, LE11 1UA.
What areas do you cover?
Our estate agency is located in Loughborough and serves the entire Charnwood area in Leicestershire. We have a strong presence in popular locations such as Quorn, Mountsorrel, Shepshed, Sileby, Leicester, Barrow Upon Soar, Rothley, and Coalville.
What is happening to house prices in 2023?
High inflation has forced interest rates to rise, slowing the housing market and reducing the number of transactions. This will, in turn, affect what prices houses are sold for, as reduced demand means buyers will be in a better position to negotiate. So far, the slowdown has been modest, buffered by continued demand for larger homes, but it could continue if interest rates are to rise again.
We expected a modest asking price decline in 2023 of around 5%. This would mean the cost of the average property returning to April 2022 prices, which is still significantly above pre-pandemic levels. Prices are then likely to remain flat in 2024 before rising again throughout 2025.
Want to know how this affects you? Book a valuation to learn more.
We are here to provide a straightforward, ethical and innovative lettings service in a professional environment with a committed and caring team.
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