Pitfalls to Avoid When Finding No Fee Apartments

It should come as no surprise that finding an apartment that fits your needs in Manhattan is a very tough job. There are literally thousands of choices, yet none of them will fit your fancy. Even worse, if you’re looking for a no fee apartment, your odds of finding the right one just go down from there. It can seem very overwhelming at times, but if you know some secrets from the pros, you can find a good, well priced apartment in no time.

Finding an apartment, particularly a no fee apartment in Manhattan, is so overwhelming that most people use a broker to find one. If you give a broker the location, the type of housing that you want, such as a brownstone, elevator, walk up, or any other specific type, and the fact that you only want to find a no fee apartment, they should be able to find your apartment and set up a showing with the greatest of ease.

The reason they are able to find these no fee apartments in Manhattan, especially find them so quickly, is because they are subscribed to a list that alerts them any time an apartment becomes available in the no fee range. However, many times these brokers can cost upwards of 15% of your annual rent.

There is good news, on the other hand. Because of the market shift, many landlords are willing to pay the broker’s high fees in order to get you in to the apartment and paying rent. You can even specify to the broker that you would like to only search for apartments that have landlord who will pay the broker fee for you.

Don’t rely on Craigslist or Kijiji to find your next apartment. A lot of those listings are just brokers looking for leads to find a person willing to pay their 15% fee, and you will not get access to the actual place to live until you pay them their fee.