Many homeowners are now opting to let rather than sell their properties due to the current conditions in the housing market, according to local auctioneer Yvonne Mullaney.
Ms Mullaney, managing director of Yvonne Mullaney executive sales and lettings, said that since the sale of properties has slowed down, many people who would normally have sold their homes have decided to rent their property until the market settles down. This has added a huge stock of rentals to an already overflowing market. The upshot of all of this oversupply is a demand by tenants for top quality rental property. Tenants are no longer willing to even look at properties which do not come up to their expectations. They have a wide range of properties to choose from and can hand pick from maybe 10 or 15 similar rentals. Tenants are also very aware of pricing in their preferred areas and if similar properties are up for rent with even a €50 differential, then the more expensive property will not even be viewed.
With this demand in expectation in mind, Ms Mullaney has tailored her company to specialise in the rental market and can advise landlords on the best and most expedient way to market their properties to get the best results in the shortest time frame. Currently her rental turnover ranges from 24 hours for a very high spec property to, at the most, one week to find landlords their perfect tenant. Her company is offering free advertising on all the major property websites in Ireland, digitally enhanced photography with wide angle lens, virtual tours where the property is large enough to do so successfully, staging advice where required, and expert professional advice on any aspects of letting or selling your property. Her office is open six days a week, so there is always someone available on a Saturday to facilitate workers who are not free to view during the week. The company also performs viewings until 8pm daily.
The company will be happy to call round to you on a Saturday for a consultation if that is when you require their advice and business service. Ms Mullaney has said that if her company failed to rent a property, no fees would be incurred for marketing or administrative costs, and there are no hidden charges.