Are you an expat stuck on house-hunting?
The real estate market is a tough one to crack. With its stifling bureaucratic and legal measures and the enormous shortage of affordable housing in the big cities, it can often be difficult to navigate. But with the number of expats growing (90 Mio) every year the free market is only getting more crowded, expensive and frustrating to navigate.
The customer journey of relocating expats is different than a local relocating. A few months of looking through online advertisements with few successes can really take it out of you, especially if you’re still adjusting to your new life abroad or at your previous destination. At this point, it’s probably smart to call in a professional real estate agent.
Let agents work for you The housing market in most popular expat destinations is like an iceberg: the advertisements that you see online are only the tip. Many deals go on unseen, and if you don’t have many connections in town, it’s hard to break into this circuit.
Housing agents are a way to get on the inside of this. Besides the houses that they carry in their own portfolio, agents know the whole industry inside out. They know which rocks can be turned over to find that hidden deal you can’t get online. They connect to a whole network of housing professionals, and suddenly a series of dead-ends looks like a world of possibilities.
Insider information The other huge advantage is the knowledge that an experienced real estate agent brings to their work. A good agent knows their city like the back of their hand: if it’s important to be near your university, place of worship, or a dog-friendly park, a housing agent can find that. They can help to direct young parents to houses in kid-friendly areas, and students to party-friendly ones. An agent understands the type of community you want to call home, and knows how to help to find you it.
That knowledge continues inside the house. The eyes of an experienced agent can spot all sorts of things that might be useful to know — from how warm your home will be in winter, to what your neighbors will be like. Having an honest conversation with your agent helps them to situate you in a building that’s right for your needs.
Building lasting relationships The relationship between a new renter and a housing agent can potentially be a long-lasting and profitable one. Almost all expats start in the local market by renting a house, but many will eventually purchase their own house. And when they leave for a new destination to work, they’ll want to sell or rent it again.
In situations like these, you want to be able to come back to someone you can trust. Building a relationship with a professional, hardworking agent is always useful for both parties. When the time comes, having that human connection will help to assure you that you’re in good hands.
One agent is part of a network All this said, a single agent can’t do everything on their own. Many agents specialize in one or two areas of real estate, and in the complex world of expat life you need a whole network to move things along. One of the reasons we started the website HousingAgent.com was not only to connect house-hunters to the people need them, but also to connect agents to each other for your benefit. A great local estate agent should know great property managers, mortgage advisers and relocation services. Being able to call just one agent who can plug you into a whole range of services means making the complicated, tiring process of moving to another country just that little bit easier. And when you’re new in town, having that network of service is surely invaluable.