Clients who are looking for rental apartments automatically trust their real estate broker for their skils in buying and/or selling a home. While putting your trust in a rental broker isn’t entirely wrong, you should be aware of the fine line that separates reputable brokers from the shady ones.
As most customers don’t know how to recognize that line, they ignore most of the warning signs. When looking for available apartments for rent in NYC and finding a perfect home for yourself, you have to steer clear of brokers who possess the following traits.
They don’t pay attention to your budget
A broker’s commission is calculated upon the rental price of an apartment. It’s typically between 15-20% of the annual rent. It means that they gain a lot when they push you above your planned budget. If your broker is showing you apartment rentals in New York City that are unrealistic and way too expensive that you budget, consider it a warning sign. Always remember, NYC is a big city, and anywhere you can find a place that suits your budget. Do not fall for your shady broker’s convincing tactics; look for rental apartments online instead.
They try to downplay your needs and wants
Shady brokers often say things to get done with the deal. In this attempt, they even try to talk you out of things that you initially feel were necessary. For instance, you prefer to have a gym in the building where you will live, but your broker tries to convince you otherwise, like a gym center is around the corner. Before you settle on your broker’s false promises about making certain additions, ask them to do it before you move into your new apartment. Alternatively, you can ask them to show other apartments that already have additions your broker is talking about.
They brush off your questions
For many NYC brokers, their job is more like a number game. To gather more clients, they schedule back-to-back tours to apartments each day. As a result, they try to cut corners or avoid questions during showings. As you’re working with a broker and giving them a hefty amount for their job, be sure that they are giving you enough time and paying attention to your needs. If your broker always makes you feel guilty about clearing out your doubts, it’s probably the best to find another one or look for rental apartments yourself.
They pressure you with competing offers
For brokers, finding clients for rental apartments in New York City is a competition. Be wary about real estate brokers who pressurize you to act quickly. For instance, they urge you to pay a higher deposit amount or move in early to avoid losing the apartment to another client, who may or may not even exist. Before you fall for their trap, look for the particular apartment on online rental home websites to find out how many days it has been on the market. Many brokers play the trick of fake competition to fill apartments quickly that have actually been empty for weeks.
As most customers don’t know how to recognize that line, they ignore most of the warning signs. When looking for available apartments for rent in NYC and finding a perfect home for yourself, you have to steer clear of brokers who possess the following traits.
They don’t pay attention to your budget
A broker’s commission is calculated upon the rental price of an apartment. It’s typically between 15-20% of the annual rent. It means that they gain a lot when they push you above your planned budget. If your broker is showing you apartment rentals in New York City that are unrealistic and way too expensive that you budget, consider it a warning sign. Always remember, NYC is a big city, and anywhere you can find a place that suits your budget. Do not fall for your shady broker’s convincing tactics; look for rental apartments online instead.
They try to downplay your needs and wants
Shady brokers often say things to get done with the deal. In this attempt, they even try to talk you out of things that you initially feel were necessary. For instance, you prefer to have a gym in the building where you will live, but your broker tries to convince you otherwise, like a gym center is around the corner. Before you settle on your broker’s false promises about making certain additions, ask them to do it before you move into your new apartment. Alternatively, you can ask them to show other apartments that already have additions your broker is talking about.
They brush off your questions
For many NYC brokers, their job is more like a number game. To gather more clients, they schedule back-to-back tours to apartments each day. As a result, they try to cut corners or avoid questions during showings. As you’re working with a broker and giving them a hefty amount for their job, be sure that they are giving you enough time and paying attention to your needs. If your broker always makes you feel guilty about clearing out your doubts, it’s probably the best to find another one or look for rental apartments yourself.
They pressure you with competing offers
For brokers, finding clients for rental apartments in New York City is a competition. Be wary about real estate brokers who pressurize you to act quickly. For instance, they urge you to pay a higher deposit amount or move in early to avoid losing the apartment to another client, who may or may not even exist. Before you fall for their trap, look for the particular apartment on online rental home websites to find out how many days it has been on the market. Many brokers play the trick of fake competition to fill apartments quickly that have actually been empty for weeks.
If you notice these signs when dealing with a broker, consider switching to a new one, or look for apartments for rent in NYC on real estate websites.
