With the launch of the third phase of the interest rate subsidy, which encourages the purchase of new housing between 80 and 200 million pesos, it is expected that the application for loans and the sale of real estate for investment will increase.
And it is that now the interested parties will be able to acquire a second house or apartment, which means that the purchase by investment will be in the list of references, with the consequent rise in the dynamics of the rental market. This, likewise, will boost the leasing of the used one, as many who buy brand new, sell or rent the one they have.
Manuel Quinone, manager of Century 21 Metroid, one of the franchises of the multinational real estate services company in Colombia, assures that “since they are high-value businesses that represent people’s assets, a recommendation is the mediation of the real estate agency, since that it is committed to the closing of the transaction of the property and its administration “.
However, there is the alternative of doing it directly, a practice that is better evaluated carefully. The manager offers some recommendations.
Are there more property for rent?
Data from Century 21 indicate that 52 per cent of Colombians live in a rental, which accounts for a dynamic that, according to the company, forces the correct choice of the tenant.
What can a landlord do to rent quickly?
Do not despair and, if you choose a real estate agency, you must sign a mandate contract in order to professionally market the property and find the appropriate tenant; that is, to take care of it and pay the fee on time.
With real estate or directly?
With the services of a responsible real estate agency, the peace of mind is that if the tenant defaults, they are in charge of the launch process and the payment of debts. Thus, legal procedures are avoided and the monthly payment is guaranteed.
On the other hand, when negotiating directly there is a risk of not receiving it and that the tenant ‘hangs’ in the public services or in the administration.
And something common: the recurring legal difficulty and wear and tear in trying to get an eviction order when a cheating tenant does not want to leave.
Other frequent failures when leasing a property…
Entrust the lease to several real estate companies, since there is no grievant who gives accounts of the commercial and legal management to the owner, the times to close a contract are lengthened.
A recurring failure is that the owner adapts, decorates and adapts the house or apartment to his liking. Therefore, a general rule of thumb is to paint the walls white.