Stockport Estate Agents: Avoid Rental Voids

Stockport Estate Agents: Avoid Rental Voids

Avoid rental voids with Stockport estate agents

The term 'rental void' is one that no landlord wants to become familiar with. When a property sits vacant on the rental market for a period of time, the financial impact can be significant. Even without rent coming in, you're still responsible for covering all the expenses associated with the property, such as mortgage payments and maintenance costs. Moreover, if an outdated property advertisement lingers unattended, Stockport estate agents have found it can render the property even less attractive to potential tenants!

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Furthermore, a vacant property can deteriorate over time, especially during the winter months. Hence, minimising void periods is an essential strategy to safeguard your buy-to-let profits.

The long-term annual void average across the UK is roughly 3 weeks, although recently, due to a scarcity of available properties and soaring demand, it has reduced to 10 days in England. That said, substantial variations exist among regions. For instance, in the South-West, the average void period is as low as 5 days, while in the West Midlands, it extends to a lengthy 17 days.

Five strategies to minimise rental voids in Stockport

So, what measures can you take to ensure your property outperforms the average, experiencing the fewest possible vacant days throughout the year? Here are five strategies proposed by At The Place, your local estate agent in Stockport, to minimise rental voids:

  1. Surpass tenant expectations: Modern-day tenants demand high-quality fixtures, contemporary fittings, and fresh, neutral décor. A robust Internet connection is a must, and we advise accommodating pets, providing they're well-behaved and appropriate for the property type.

Remember, many tenants are seeking a long-term residence rather than temporary accommodation. Therefore, the more your property aligns with their needs, the longer they're likely to stay, and the fewer voids you will need to worry about.

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  1. Implement professional and timely marketing in Stockport: with At The Place, our Stockport estate agents offer professional floorplans and premium listings on popular platforms like Rightmove and Onthemarket to maximise your property's exposure to potential tenants.
  1. Set a realistic rent: Rental prices are generally stable and dictated by the market. While we at At The Place always strive to secure the best possible monthly rent for your property in Stockport, being overly ambitious with your listing can deter tenants. If your property's price is too steep, potential tenants may opt for a more affordable option, resulting in your property languishing on the market and a prolonged void period. Our professional agents are here to assist you in letting your property swiftly to avoid extended void periods.
  2. Maintain regular upkeep and address issues promptly: Apart from your legal obligation to keep your property in a good state of repair and respond promptly to any reported problems, tenants appreciate landlords who show consideration for their comfort and well-being. A tenant is much less likely to relocate if they feel valued and looked after by their landlord, which in turn results in fewer tenant turnovers and subsequently, less annual voids.
  3. Go above and beyond: Regularly check in with your tenants to ensure their satisfaction and assess if there's anything they need.

To learn more, get in touch with At The Place, your premier rental property agency in Stockport, UK. Contact us at 0333 358 0668 or via email at

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How much are estate agent fees?

How much are estate agents near me fees?

Typically, estate agents fees can reach heights of 3.6% of the sale price and can fluctuate based on the number of agents attempting to sell your property and the quality of your initial negotiations. In the year 2022, the average fee for an estate agent stood at 1.42%. Therefore, if your property was sold for a price of £275,000, the agent's share would be £3,900. It is worth noting that @ThePlace fees are considerably cheaper than these.

Should you use more than one estate agent?

Should you use more than one estate agent?

It's typically practical to engage two estate agents near me under a joint sole agency agreement for selling a single property only if you intend to hire a nationally operating specialist agent alongside a local generalist. For instance, you might prefer a national agent specialising in high-end properties, in addition to a local agent familiar with your area. Joint agency agreements often carry higher charges, usually around 2.4% including VAT. Engaging two local agents under a joint sole agreement usually doesn't make much sense, as their market coverage will overlap, and they won't be motivated to outdo each other to close the deal. Employing two estate agents also carries the risk of one agent attempting to benefit from the efforts of the other without contributing equally.

Do I have to pay estate agent fees if I decide not to sell?

Do I have to pay estate agents near me fees if I decide not to sell?

If you decide to pull out of a sale, it's customary to face charges to cover the expenses an agent has already incurred, like advertising. Also, it's standard to pay part or all of the estate agent's commission, but only if your signed contract includes a "ready, willing and able purchaser" clause. Essentially, this clause signifies that you're obligated to pay the agent for their work in identifying a potential buyer, even if unforeseen circumstances cause you to back out of the sale.

What is the best way to sell a house UK?

What is the best way to sell a house UK?

To maximise the sale price of your property, it's recommended to collaborate with a reputable local estate agents near me. Local estate agents are well-versed in the specific characteristics and trends of your area's property market. They have in-depth knowledge about the neighbourhood, understanding what attracts buyers and can accordingly highlight these features in their marketing efforts.

A good local estate agents also has a strong network of potential buyers, which can expedite the sale process. They can provide professional advice on the right pricing strategy based on comparable sales in your area and current market conditions. Additionally, their negotiation skills and expertise can help secure the highest possible price for your property.

Are estate agents regulated?

Are estate agents regulated?

The primary regulation of estate agents is dictated by the Estate Agents Act 1979 (EAA) and the Consumer Protection from Unfair Trading Regulations 2008. Beyond this statutory regulation, since October 1, 2008, all UK-based estate agents involved in residential estate agency work must be part of an approved redress scheme. They can choose either The Property Ombudsman or the Property Redress Scheme, a requirement put forth by the Consumers, Estate Agents and Redress Act 2007.

Will estate agents lie about offers?

Will estate agents lie about offers?

As part of the regulations associated with an ombudsman, estate agents are strictly prohibited from fabricating or concocting details about any existing or non-existing offer. Additionally, it is mandatory for estate agents to promptly communicate offers to the property sellers, and this must be done in writing.

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