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Tenants choosing property to rent in south west London in less than two weeks

Despite there being a narrowing gap between the status of an owner-occupier and tenant - with both being a conscious lifestyle choice, rather than renting being an inferior option - two new surveys reveal the how the race to secure a property differs. The Property Academy's Landlord & Tenants Survey 2014 revealed that those in search of property to rent in south west London and the rest of the UK undertake a much more rapid search process - with 32% of tenants questioned taking less than two weeks to find their rental property. Almost in the very same week, energy supplier E.ON published the results of its survey on house hunter behaviour. It found that home buyers now visit eight properties, on average, and take up to 16 weeks before making an offer on their a home. Why is there such a disparity' Firstly, there is a supply and demand issue. A quick check on Rightmove shows there are over 800,000 properties for sale, compared to over 300,000 properties to rent. When you drill down to a local level, houses and flats to rent in south west London are in high demand, and tenants are moving swiftly in order to fend off competition from other renters. Secondly, renting a property is a speedier transaction than buying, concluded in a matter of days rather than weeks or months. Renting is a chosen option for those whose circumstances suddenly change and for those who need to move fast. The flexibility renting brings means properties to rent in south west London especially, are reserved very quickly. Winkworth south west London letting agents have this advice for anyone looking to secure the right rental property at speed:- Conduct block viewings: if necessary, take a day off work and ask your local letting agent to fill your day with viewings. If there are properties that make it to your short list, ask for a second viewing within 48 hours so the landlords knows your intentions are serious. Have all your paperwork in order: your letting agent will need to see photographic ID - ideally your passport; details of your employment (contact address and telephone number, your salary, your payroll number and past employer details); bank statements that show your address, account number and sort code; and past landlord/letting agent details that show where you have been living for the past three years. Be prepared to move in quickly: tenants that can move in straight away are most appealing to landlords, who will be looking to minimise the time a rental property is left empty. If you have a selection of dates that you can move in, have these ready when you meet your letting agent.

Despite there being a narrowing gap between the status of an owner-occupier and tenant - with both being a conscious lifestyle choice, rather than renting being an inferior option - two new surveys reveal the how the race to secure a property differs.

The Property Academy's Landlord & Tenants Survey 2014 revealed that those in search of property to rent in south west London and the rest of the UK undertake a much more rapid search process - with 32% of tenants questioned taking less than two weeks to find their rental property.

Almost in the very same week, energy supplier E.ON published the results of its survey on house hunter behaviour. It found that home buyers now visit eight properties, on average, and take up to 16 weeks before making an offer on their a home.

Why is there such a disparity' Firstly, there is a supply and demand issue. A quick check on Rightmove shows there are over 800,000 properties for sale, compared to over 300,000 properties to rent. When you drill down to a local level, houses and flats to rent in south west London are in high demand, and tenants are moving swiftly in order to fend off competition from other renters.

Secondly, renting a property is a speedier transaction than buying, concluded in a matter of days rather than weeks or months. Renting is a chosen option for those whose circumstances suddenly change and for those who need to move fast. The flexibility renting brings means properties to rent in south west London especially, are reserved very quickly.

Winkworth south west London letting agents have this advice for anyone looking to secure the right rental property at speed:-

Conduct block viewings: if necessary, take a day off work and ask your local letting agent to fill your day with viewings. If there are properties that make it to your short list, ask for a second viewing within 48 hours so the landlords knows your intentions are serious.

Have all your paperwork in order: your letting agent will need to see photographic ID - ideally your passport; details of your employment (contact address and telephone number, your salary, your payroll number and past employer details); bank statements that show your address, account number and sort code; and past landlord/letting agent details that show where you have been living for the past three years.

Be prepared to move in quickly: tenants that can move in straight away are most appealing to landlords, who will be looking to minimise the time a rental property is left empty. If you have a selection of dates that you can move in, have these ready when you meet your letting agent.

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