In such a hot rental market, it can be a daunting task to find and secure the perfect condo all on your own. But luckily, you don’t have to; you can get the expert advice and services of a real estate professional—saving you time and money.
A Real Estate Agent Gives You Peace of Mind
Online classifieds can be full of scams. With a licensed real estate professional, you know that the listings you see are legitimate, and your deposit is secure. You are entitled to the same protections as a homebuyer or seller.
An agent can also ensure that the rent you pay each month is appropriate for the market and for your budget. He or she often has some knowledge of the landlord, and can try and make sure that there is a good fit between you and the owner of the condo.
An Agent Saves You Time
Combing through rental ads and listings can take forever. Once your agent has a good idea of what you’re looking for in a condo, he or she can do all that legwork for you.
You could also spend days tracking down the landlord or property manager to set up a viewing. An agent can make all those appointments for you, sometimes on the same day to maximize your time.
A real estate agent can then advise you on all the documents and funds that you will need to have available for the rental. So when you’re ready to move on the condo you love, you can act fast to secure it—imperative in a competitive rental market!
An Agent Gives You an Advantage
With quality vacancies scarce and rentals in high demand, premium condos are going fast and often to the highest bidder. But a real estate agent can get your foot in the door, particularly as most condos are privately owned. Agents have access to all properties on MLS and often have insider knowledge of properties just becoming available. And the landlord might view a tenant represented by a real estate agent more favorably.
An agent can also negotiate the terms of the lease and go over the contract to make sure your rights are protected. And if the landlord throws in something you weren’t expecting, such as a requirement to purchase tenant insurance, an agent can explain your options.
New to the area? A real estate agent has the knowledge that you lack—the safest neighborhoods, the best schools, the most walkable areas, up-and-coming districts, and other details that only someone who specializes in that area would know.
And if you’re considering buying in the near future, using a real estate agent now gives you great experience for when you’re ready to buy. Plus, your real estate agent can keep you up to date on new listings, pre-construction condo opportunities and market trends.
If you decide to enlist the aid of a real estate professional to help you find your next condo, consider asking in your initial meeting how he or she is compensated. Often the landlord will pay the agent’s commission, meaning you get his or her expert advice for free! But occasionally the agent will instead charge a finder’s fee that could be charged to you.
In many cases, partnering with an agent makes finding your next condo, easier and more rewarding.
Chestnut Park Real Estate