Distinction Between Standard And On The Internet Letting Agents

By Author: jeevan swaraaj
Total Articles: 12
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Traditional letting agents operating from the city of Balham act as bridge between the landlords and tenants and even some of them offer other services like credit checks, finding tenants, marketing of the property, etc... When it comes to letting agents Balham offering their services through online, they exclusive rely on the World Wide Web for offering their service. Their areas of work include the same as provided by traditional brokers. The only difference is that they work through online, while all other work done by them remains the same as conventional brokers.

Like traditional agents, these online agents also enter into partnership with some companies for offering the right service to their customers. Like for instance, when doing credit checks, they will get the help of firms, who are experienced in this area of work and even some of them partner with firms offering property management services like collection of rent on behalf of the landlord. Some of the differences between traditional and online agents are discussed below.

Cost: Generally traditional agents will be charging monthly commission of around ...
... 8-15% of rental income of the landlords. Even some of them charge additional fee for tasks like compilation of tenancy agreement, reference checking, etc... When it comes to online agents, they charge a one-time fee for any customized services offered to the customers. They generally do not charge administration or commission and even administration charges are not levied by them since they do not have any type of office setup and they just operate through the World Wide Web. Due to this type of operation, they will not have any overhead expenses and so they charge only a minimal amount of fee. This is one of the main reasons for landlords approaching online letting agents Balham these days.

Office setup: Generally, traditional brokers will have an office setup, wherein the details regarding the properties available for rent in the nearby areas would be displayed. On the other hand, online brokers will not be having any particular office location, but they make use of their own portals or online classifieds for advertising about a particular property available for rent on behalf of the landlord.

Site visit: Generally, traditional brokers will accompany the tenants, who are looking for an appropriate house for rent. On the other hand, online brokers do not accompany them, they just inform the landlord about the interest shown by a person to view the property and it is the responsibility of the landlord to show his property to the person contacting him for hiring it.

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