Using a Real Estate Agent to Find a Rental Apartment

It’s widely known that buying or selling a home is a complicated and often expensive endeavor. But what many people don’t realize is that renting can also be difficult, especially in New York City. High upfront costs and fierce competition have led some renters to opt for the help of a broker. But what exactly does a broker do, and how much does it cost? Read on for the answers to these and other burning questions about NYC rental agents.

The Benefits of a Real Estate Agent
One of the most important things to keep in mind when considering using a realtor is that they’re there to help you, and that you don’t have to do this alone. This is especially true in the current market, when the supply of rentals has plummeted and landlords are not offering as many concessions as they have in the past. A good broker can make the entire process easier, less stressful, and faster.

The most common reasons renters hire brokers are to find a place in a specific neighborhood or building, to beat the competition, or because they’re relocating from out of town and don’t know the market well. In addition, some apartment listings use virtual tours or photos that may not be accurate, so brokers can check out places in person and give feedback.

Most brokers work at brokerages and get paid a commission fee for their services, which typically range from 12-15 percent of the annual rent. However, this can vary significantly between brokerages, and it’s important to understand how these fees are calculated before hiring a broker.

You can find a broker through word of mouth or by asking friends, family, and colleagues who they’ve worked with. When choosing a broker, it’s also a good idea to look at their profile on StreetEasy and note their experience in the neighborhood, building type, or price point you’re interested in.

A broker can also negotiate with landlords on your behalf, such as by requesting a free month’s rent or lowering the application fee. They can also guide you through the lease signing process and explain the terms of the lease, such as guarantors, pet fees, and move-in dates.

dự án sun group  wonder if it’s better to rent or buy. There are pros and cons to both, but purchasing a home usually offers longer-term benefits, such as growing your net worth and stabilizing housing costs. The real estate experts at One Key can help you decide if homeownership is right for you.