Renting out a home, condo, or other housing can be a great source of additional income, whether you're dealing in short-term vacation rentals or properties that are leased annually. But with the potential for profit also comes a great deal of work, from finding the right tenants to collecting rent and maintaining your property. The tasks associated with renting out your property are not only time-consuming, but it's also easy for something to go wrong.
That's why our company - through our real estate agents and a team of rental experts - offers a property management program to make things easier for you if you're renting out your property. In fact, our team currently manages more than 1,200 properties, including annuals, short/long term, and vacation rentals in Manatee and Sarasota Counties. The following are some of the benefits of utilizing a rental program.
When you're buying a home, you're subjected to a variety of tips and recommendations from your friends and family. Unfortunately, our real estate agents know that much of the real estate tidbits floating around are myths.
Prospective homeowners believe these myths, potentially interfering with their dreams of homeownership. Here are a few common real estate myths we want to debunk.
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It's a hot market, and you're looking to buy or sell a home among Sarasota homes for sale or Bradenton homes for sale. While an agent can help you in any type of real estate market, their help is especially critical during a hot market. Here's why.
Why Hire an Agent?
Yes, your home might just fly off the market with a Craigslist ad or the like, but what if it doesn't? With an agent, your home will get considerably more exposure in MLS (multiple listing service) databases created and maintained by real estate professionals to help homeowners like you sell their property. It just makes sense that the more potential buyers see your property, the greater the chance that the selling price could go much higher than your expectations. You could have buyers competing with one another, and that could only benefit you.
Your agent will be there throughout the whole process and able to offer advice for any aspect of the sale, from determining a price to staging your home to determining the scope of repairs you want to do before you put the home on the market.
But an even better reason to hire a real estate agent is that many potential buyers are not comfortable talking to the owner of a property and prefer to deal with an agent. Not only can you -- and should you -- make yourself scarce while the agent shows your home, but you'll boost the comfort level of potential buyers, who may feel they are visiting you, as the owner of the home, rather than seriously looking at a home they want to live in.
What to Look for in an Agent
As you begin to look for a real estate agent, you will likely focus on an individual's experience in selling houses like yours in your neighborhood. Ask neighbors for recommendations. Get at least three referrals. And remember, while experience is important, so is personality. Can you relate to this person? Does he or she seem real to you? Look for an agent you can build a rapport with, in addition to their sales and successes.
Pay attention to the agent's marketing tools, including website, business card, brochures, signage, social media efforts, and more. Does the agent's personal appearance give you confidence in them, or is something lacking?
When you discuss the sale of your home with a real estate agent, you want someone who can guide you through what can be a precarious journey. Can your agent answer questions reliably and with real data about investment analysis, neighborhood-level market performance, and possibly even the impact of your decision to sell? You don't want an agent who honey coats their answers; you need real information about possible pitfalls, so listen carefully to how your agent replies to your questions and make sure the agent is really hearing you.