Things to Know Before Negotiating For an NYC Apartment

With the scarcity and the prices of apartments in New York what they are, it’s hardly surprising that rent is sky-high. But times are hard, and every little bit of scrimping and saving counts. If you find that the NYC apartment you’re considering dents your wallet just a little too much, you may just be able to fix that with a little negotiation and a whole lot of people skills.

Should You Negotiate?

Yes, you should negotiate by all means possible. Although rents in the entire New York City area might seem too high and immovable, it’s actually possible for you to negotiate rates with the broker. You won’t lose anything by it, and many brokers are willing to talk about lowering rent or negotiating other fees just to make the deal.

NYC Apartment Negotiation 101

Do your homework before going out to meet the real estate broker. Know the average rent for different areas, for example. It’s going to be a lot easier to negotiate and discuss terms when the broker sees that you know what you’re talking about and that you mean business. The broker has to see that you’re a serious client, and that you’re the kind of person who might just give him or her a deal at the end of the day.

There are two types of listings on the New York real estate market – open and closed listings. An open listing means that several brokers are racing to close the deal for a certain place, while a closed one means that only that broker has the rights to deal that spot. Open listings will be a lot easier for you to negotiate because the broker is in a hurry to close the deal and thus get his or her commission.

In the same vein, you could possibly lower the rent or other fees by giving the broker a sense of urgency. For example, give a figure for the rent that you’re willing to pay, and then offer to get the NYC apartment right then and there if the broker could give you that rate. It’s take-it-or-leave-it-now offers like those that get a lot of New Yorkers their apartments for less than they originally planned.

Factors That Can Affect Negotiation

Brokers look at certain factors that might make one more willing or more reluctant to negotiate terms with you. Your credit rating and financial standing would obviously be the biggest factor. The condition of your finances is directly proportional to your worth as a buyer or tenant. If you happen to have a good credit rating and a healthy sum of money in the bank, consider it an advantage (and don’t forget to point it out).

Having your paperwork ready could also make the broker more amenable to striking a deal. Ready paperwork and supporting documents means that the broker could process the deal quicker and thus get commission sooner. That’s usually motivation enough for brokers to lower rent or other fees for ready and eager NYC Apartments seekers like you.

Chicago Studio Apartments – Find Yours For Free! – This Free Information Will Help You

Are you looking for an apartment in Chicago? Do you want the process to be easy? Of course you do, so that is why this free information can help!

1.) Introduction

Do not get overwhelmed by the amount of apartments that are available. We can help you in this free article to find the best apartment for your needs. The best part is that this information is free. – Moreover, when you put this information to use, you will also find that the best apartments available in the city will be available to you for free! – Do not just go with what you find in an online listing, use a broker instead – They will show you more than what you could hope for with the online sites. They will do all the work and you get to show up to the appointment to find the best available apartments for FREE. – This process should not cost you a cent!

2.) Finding The Best Apartment For Your Needs In Chicagoland (For Free!)

Many people are students of some kind in downtown Chicago. Northwestern Memorial Hospital is close by as well as many Northwestern affiliated schools, like the Law School, for example. Perhaps you want to live by Navy Pier too. If you go to school downtown, or you work near by it is a very good idea to work with a broker who specializes in the area. – Many apartment finding services can provide you with an awesome apartment with no out of pocket expense for their service! – You should consider working with a broker.

3.) Why Consider Working With A Broker?

Some of the best deals are not found on free websites. We will not name those sites here, but what we will tell you is that the MLS provides brokers with the best possible way to find a great deal in the city. You will no longer have to find your way through a ton of different ads and get frustrated looking at apartments all the time coming up with only average results.

4.) Do Not Waste Your Time or Money

When it comes to finding an apartment, whether it is a studio or one bedroom (or greater) do not waste your time and money. Schools in the downtown area and business all have housing near by but it is not always easy to get the place you need just by looking online by yourself. Let a broker do all the work and you will end up being the one to enjoy the benefits of living so close to your school or business.

Selling Your Apartment Complex With the Help of a Broker

Are you an owner of an apartment complex that’s been drained out of its tenants? Is your apartment building ready to be placed on auction for the highest bidder? If you’re already nodding your head in affirmation, then you must be worried about how to do it. Well, selling your apartment complex isn’t a difficult task to do especially when you have a broker. It’s actually the same as selling a certain product-you have to know what it is worth and know how to market it. 

I know someone who struggled with this problem in the past. My friend was an ex-owner of an apartment complex. In the past, her business boomed but because of the crisis with regards to the economy, she found herself tenant-less after a couple of months. It was a shame but the wisest thing to do was to sell the whole property or else she would be facing the issues of how to maintain the whole apartment building. 

In order to do it right and easy, she hired a so-called professional. It cost her money to do it but she was convinced about this. Unfortunately, when she had sold the property, another broker told her that she had sold it for less than what it was worth. Instead of being happy to have had the estate out of her hands, she felt more devastated. Her bad decision caused her at least $100,000. So, if you’re planning to sell your apartment complex, do you want to do it right? 

The best thing to do is not to rely on one broker. Just like going to the doctor, you should get other opinions in order to get the best value for your home. Choosing the best broker can take some time. If you’re curious, you should ask around, make a few calls, anything to make sure you’ll get the money you deserve.  

If you’re thinking of doing everything by yourself, you can but you should still get the advice of a broker. He/she will give you advice on how to conduct your estimation and at the same time, give you suggestions on where to sell your property. All in all, brokers exist in order to put you on the right track.