No matter if it you’re moving locally, or relocating half way around the world, looking for a new home can be a daunting and overwhelming process. Being able to lean on a reliable real estate agent during this stressful time can make the entire process much less painful. From sourcing your new home, to negotiating with landlords, to understanding the details of your tenancy agreement, it definitely pays to have a professional by your side.
Many people like to look around with multiple estate agents. They feel that the more agents they work with, the more options they have and the better chance they have of ultimately getting the best deal. In reality, this is not always the case.
There are a lot of reasons why sticking with one agent might be the strategy. Here are our top three:
- The nature of the Hong Kong market
Hong Kong is a small city, so you don’t really need to find a specialist in each individual neighbourhood. Given the size of the market and the limited availability of high-quality homes, most agents – even ones from different firms – tend to have similar listings. Don’t waste your time wading through the same listings multiple times. One strong, experienced agent can cover most of the property market single-handed!
- Level of personalised service
When you’re looking for a home, you want to work with someone who really takes the time to know you and know your priorities. Dealing with a single agent means you can build a good relationship and a sense of trust. That makes it much easier to identify what your looking for and find that right apartment. As long as you are honest about your requirements, budget and preferences, you can trust a good agent to try their best to find that perfect home for you, at the perfect price!
- Cooperation with other agents
As I mentioned, Hong Kong is a tiny city. Everyone knows everyone, especially in the real estate world. So even if your agent doesn’t have the specific apartment you are looking for, they will be able to rely on their extensive network of contacts within the industry to partner with agents cross different firms to find it for you.
Believe me, there is tremendous reward for loyalty!