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DANCITY PROPERTIES FAQ

Renting a property can be a formidable task regardless of whether this is your first time to rent or if you have rented properties in the past.

Our Frequently Asked Questions has answers you are looking for as a Tenant. If you have a more specific enquiry, contact us.


I need to find a place to rent. What do I do first?

Before you start searching for your new home it’s a good idea to write down a budget.

What are your current outgoings or expenditure and what money do you have left each month to spend on rent?

Take into account that when you first move in, you will need to make arrangements for monthly utilities such as electricity, water and refuse collection fees.


How soon should you start looking for a property?

This depends on when you need to move. Properties go very quickly and landlords don’t want their properties empty for long, so if you start viewing too soon then it’s possible the landlord won’t wait.

It’s generally good to start viewing and to make arrangements 4 to 8 weeks before you need to move.


When can I view?

If there is any property that is listed on www.dancitypropertiesgh.com and is of interest to you then please register your interest giving all the information requested by clicking on "Book Now".

Appointments for internal viewing for the listed property will be communicated to you at least 2-3 days before the open day viewing takes place.

Viewings are normally done on a weekday.


I have seen the property that I want, what happens next?

If the property is suitable for you don’t delay your offer as it may be let to someone else.

When you make an offer and if this is accepted by the landlord you’ll need to pay and move in.

Remember to sign a Tenancy Agreement immediately after payment.


How do I reserve a property?

If you like the property after viewing, don’t delay – meet the landlord, get all your questions answered satisfactorily and close the deal. We advise our cherished clients to do due diligence on all properties and their owners before closing deals even though Dancity will never list a property which is not investigated.

You will need to complete, sign and return the Agreement/Registration form which a copy will be given to you at the viewing.

Once the landlord accepts your offer you will then be required to provide photo ID, proof of your current address to complete the process.


Will you stop viewings at my chosen property?

Once you have paid your initial payment, could be part payment or commitment and the landlord of your chosen property has approved your request, we will cease all viewings.

The choice of tenant for the property is ultimately that of the landlord.

If two parties are competing for a property, it is the landlord’s prerogative to decide which one he favours and may not be determined by who viewed the property first. We are not able to discuss other offers made for the property.


How quickly can I move in?

The process from viewing to check in can take up to 3 days subject to how quickly the landlord and the Agency commission is paid.

Where a property is vacant and prospective tenants are able to provide Registration/commitment fees, the required paperwork quickly and the entire process is straight forward occupation can be within 3 days.


Tips for Tenants Guide for first time renters

You’re looking for a new home to rent but you’re not sure where to start. Let us help.


Plan your budget

You will have a few significant outgoings when you first set up a new tenancy:

Other initial outgoings might include:

  1. The 10% Agency Fees (commission)
  2. Transportation of personal wares and furniture if the property is not furnished.
  3. Furnishings, if your chosen property is unfurnished.

Once you have moved in, you will have ongoing costs

Make sure you take all of these costs into account when you’re thinking of renting a property.

Write down a projection of all your monthly expenses (not forgetting money to spend on food, clothes, utilities, etc) so you can see how much money you have left for rent.


Search for a property

When do you want to move? We recommend beginning your search around 6-8 weeks prior to your ideal move date.

Start looking for a house to rent. Property portals like www.dancitypropertiesgh.com allows you to register for daily updates of new properties and this is a great way to stay ahead of the competition from other’s searching for property.

Depending on what you can afford and your personal circumstances, you may decide to rent somewhere on your own, with a friend, or find a room in a shared house.

If you’re a smoker, have children or pets, etc your pool of properties may be limited as not every landlord will accept these kinds of tenants.


Tips for viewing rental property

When you’re looking for a new home to rent, making the most of the viewing is crucial.

Use our top tips to help.

 

1. Get there quick.

The competition for good rental properties is high, and the best properties will be snapped up quickly. To be sure you don’t miss good properties, try to get there quick and be the first to view. Sign up to email alerts to be ahead of the crowd.

2. Ask the right questions & be prepared.

What’s important to you? What questions do you need to ask? Make a list, because it can be easy to forget these things once you’re making a viewing.

Then, make sure you ask the right questions:

  • How much is the rent per month?
  • What is included in the rent?
  • What additional bills are there? What is the likely cost? If it’s a house-share, how are the bills split and who pays them?
  • How much deposit is needed? Where will my deposit be protected?
  • What fees do I need to pay to set up the tenancy?
  • Are there fees further down the line if I choose to renew the tenancy?
  • How long is the contract?
  • What notice period is needed when I want to leave the property?
  • Who should I contact in the case of an emergency?
  • What insurance does the landlord have to cover the property? What insurance do I need to cover myself?

3. Take a friend.

Never go to a viewing alone. Take a partner, a friend, or attend the viewing with a letting agent. It’s safer, and you’ll have someone to ask for a second opinion.

4. Check the bills.

You can request to see utility bills so you know what to expect. Is anything included in the rent?

5.What’s included?

Is the property furnished, or will you need to bring your own bed? You need to know as this could be a significant additional cost that you may not have budgeted for.

6. It’s all in the details.

A modern kitchen and a huge garden can be scene stealers. But don’t forget to look at the details too. Check all doors are secure. Check the water is running properly in the kitchen and bathroom. Look for smoke alarms in every room.

 

The Most Common Questions Asked by Home Buyers—Answered!

Buying a home is thrilling, sometimes weird, often tiresome, and never dull. You're putting down a huge wad of cash for a home you'll inhabit hopefully for years to come. As such, you're bound to have a lot of questions throughout every step of the process. So to assist you, Dancity Properties Ghana spill the beans on most common questions buyers ask—and the answers, of course. You're welcome on board.


What home can I afford?

That depends, of course—on your income and other financial obligations; And do it before you start shopping. If you see houses you love outside your price range, it opens you up to disappointment. Meet with a Mortgage company to get pre-approved for a home loan (added bonus: pre-approval makes you much more attractive to sellers).


Can I buy a home and sell my current one at the same time?

Yes, you can—but it's the real estate equivalent of walking a tightrope. On the one hand, if you buy a home before you sell the one you're in, you're overextended financially; if you sell before you buy, you might need to rent awhile before finding a new place. But there are ways to do both at once, and one option is to instate a “sale contingency" in your contract. This means you only agree to buy a home if you can sell the one you're in. The only downside is if your seller doesn't agree (which is possible if they want the timing set in stone).


How many homes should I see before making an offer?

It's up to you as an individual. While home shoppers these days can look at hundreds of homes online, they only try to check out 10 homes on average before they put in an offer. But keep in mind, this varies tremendously for each person. Some people find their home within hours of hunting. For others, it takes months. If you want to streamline the process, it can help to narrow in on a particular neighborhood you're keen on; that said, if you feel limited by your options, it may be time to expand to surrounding areas.


What do you think the seller will accept as a fair price?

As a rule, knocking 5% off the asking price won't raise any tempers. If it's been sitting on the market for months, you can venture below that, but the bottom line is, you never know how low a seller will go, as they have different motivations for selling. If the sellers are eager to move, you could be very lucky and score a deal.


How do I know if the property is a good deal?

While there's no crystal ball on whether a certain home is a bargain and will appreciate, rest assured that with research, you can keep surprises to a minimum. The best way is to check out what similar properties are selling for in the area and whether those prices have been going up or down in the recent past.


How quickly can I close?

Typical escrow periods are 10 to 20 days. This gives you enough time to do the investigation on the property and get a loan completed if you're buying with mortgage, and yes, this due diligence counts.


Should I get a home inspection?

While buyers often wonder if a home inspection is truly necessary, Dancity Properties Ghana unequivocally say yes, yes, and yes. A home inspector takes a weight off of your shoulders by looking into the condition of the roof, electricity, ACs and air, plumbing etc. Ensuring these things work prevents you from paying to fix them in the future. If some things are not up to par, you can negotiate with the seller to get those fixed before you sign the paperwork.


When can I back out if I change my mind?

While buyers can always back out of a deal, doing so without good reason may forfeit their earnest money (the cash put down to secure the offer, typically around 1%-2% of the home's price). But there are some ways to walk with your earnest money in hand.

Upon an unsatisfactory home inspection, the buyer can ask for their deposit back. Another loophole is subject to appraisal. That means you can back out if the lender (Mortgage company) for your loan doesn't think the property is worth what you offered.

Home buyers aren't the only ones with questions; home sellers have plenty on their minds, too.