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What to Look Out when you're Renting a Unit,
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Pricing:
This process generally begins with a determination of a reasonable asking
price. Your RAY International agent can give you up-to-date information
on what is happening in the marketplace and the price, financing, terms,
and condition of competing properties. These are key factors in getting
your property sold or rented at the best price, quickly and with minimum
hassle.
And RAY International has been known for this! Our closing speed was 15
mins from viewing and we could do that for you too!
Marketing:
The next step is a marketing plan. Your RAY International agent can recommend
repairs or cosmetic work that will significantly enhance the saleability
of the property. Marketing includes the exposure of your property to other
real estate agents and the public.
In Singapore, over 60% of real estate sales are co-broking situation.
That is a real estate agent other than your RAY International agent will
bring in the potential tenant. RAY International agents always co-broke
with any practicing agent in the industry as long as they are ethical
and professional. There are many cases where some real estate agents will
use other agent's properties as a comparison for their own gain.
Your RAY International agent acts as your personalized marketing coordinator
and disbursing any relevant information about your property to other real
estate agents through a Multiple Listing System or other networks. Certain
confidential information will be withheld to protect our owners.
Most importantly, your RAY International agent will protect your interest
and always abide the code of ethics during the whole process of marketing
your property.
Advertising:
Advertising is always a big part of marketing. The choice of media and
frequency of advertising depends a lot on the property and specific market.
Newspaper advertising generates phone calls to your RAY International
real estate agent but statistically has minimum effectiveness in renting
a specific property. Overexposure of a property in any media may also
give tenants the impression the property is distressed or the Landlord
is desperate. Your real estate agent will know when, where and how to
advertise your property.
There is a misconception that advertising sells real estate. Studies show
that over 75% of real estate transactions are the result of agent contacts
through previous clients, referrals, friends and family, and personal
contacts. Our strength is also our other vast advertising areas such as
direct mailing, flyers, free Internet listing and MLS listing.
Security:
When the property is marketed with RAY International agent, he/she can
help because you do not have to allow strangers into your home. Our RAY
White agents will generally pre-screen and accompany qualified prospects
through your property.
Keeping your property locked, windows closed and switches off are also
important after each viewing. We take care of your property like our own
when you list with RAY International.
Negotiating:
The negotiation process deals with much the same issues for both tenants,
and the Landlords, as noted above under the renting process. Your agent
can assist you objectively and evaluate every tenant's proposal without
compromise. This initial agreement is only the beginning of a process
of documentations, inspections, and financing - a lot of possible pitfalls.
Your RAY International agent can assist you in a win-win agreement that
will be more likely to make it through the process.
Monitoring, Renegotiating and Closing:
Between the initial Letter of Intent, Tenancy Agreement and Closing,
some questions may arise. This can be a disaster like 2nd or 3rd viewing
for most Landlords. Your RAY International agent is the best person to
objectively help you resolve these issues and move the transaction to
closing stage.
How does a RAY International Real Estate agent get paid?
RAY International Real Estate agents are paid through the rental commission
paid by the Landlord when the rental transaction closes. Agents have expenses
and financial obligations just like you, so it is always to your mutual
benefit if you choose the right real estate agent and stick with that
person. Our RAY International agent will always respect our client's loyalty
and respond with a sincere commitment to you.
Our Rental commission rate is generally half a month commission for
every year lease agreement secured. But many owners have paid us two (2)
months commission for two (2) year leases when we are able to secure a
tenant for them in a short time or at a higher rental rate.
Why RAY International agent?
All real estate agents are not the same. All RAY International agents
are fully trained, experienced, qualified and professional. They proudly
display their professionalism and they give their personalized services
to all clients. RAY International agents are committed to treat all parties
to a transaction honestly. RAY International agents follow a strict code
of ethics and are expected to maintain a higher level of knowledge of
the process of renting real estate. An independent survey reports that
over 70% of our clients would use back the same RAY International agent
again and again.
Use a RAY International agent!
You be the Judge!
Real estate rental transactions involve one of the biggest financial
investments most people experience in their lifetime. Transactions today
usually exceed $5,000. If you are renting out your property, would you
be concerned about the care taking of your property by the tenant?
Finding a tenant might be easy but getting the right tenant who can take
good care of your property and ensuring your property will be in the same
condition minus the wear and tear situation, is not that easy. This, you
can trust in the hands of a RAY International agent.
Considering the small upside cost and that large downside risk, it would
be a mistake to consider a deal in real estate without the qualified professional
assistance of a real estate agent especially a RAY International Specialist!!
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