A rental real estate agent can help you find the best deals on your dream rental. Brokers have experience, in-depth of knowledge of the local market and current trends, and access to more information about listings. Agents can also negotiate better terms with individual landlords, including help with bad credit and allowing pets.
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What is the advantage of having an agent in your new city?
As someone unfamiliar with a city's layout and neighborhoods, it could be a major advantage to call in a pro who spends his or her days scouring neighborhoods for available homes and apartments. Plus, if you can't visit your new city ahead of your move, an agent can be your eyes and ears on location to tour places and bring you along via video chat. Some employers include agent representation as part of their relocation packages.
When will renters return to Seattle in 2021?
Even in major cities like Seattle, Reidy says she expects summer 2021 to be when many renters return to the city, with the addition of new residents that delayed relocating to the area due to the pandemic. She reports she's already been in contact with more than 1,000 people who will be renting and expect to move to the area by the end of August.
What is Seattle Rental Group?
Seattle Rental Group serves as the rental arm of real estate brokerage Pointe3 Real Estate, specializing in employment relocations. The group not only facilitates appointments for touring rentals and helps to oversee the rental application process, but also introduces soon-to-be residents to the Emerald City.
What is the vacancy rate for residential properties in 2020?
has not seen major changes. The U.S. Census Bureau reports the rental vacancy rate for residential properties in the fourth quarter of 2020 was 6.5%, just 0.01% more than the third quarter of 2020 and the fourth quarter of 2019, ...
Can a renter sell themselves short?
But renters shouldn't sell themselves short. Many real estate agents will gladly represent a renter searching for his or her next place to lease – it's just a matter of connecting with the right professional who's familiar with rentals in your desired city. Here are four reasons working with an agent to find your rental would be a good fit, ...
Is there a rental scam?
Rental scams exist, often in the form of a copied availability listing meant to trick unsuspecting rent ers into wiring a security deposit or first month's rent without any real chance of living at the place they see online. Fred Thompson, director of the property management division for Re/Max 200 Realty in Orlando, Florida, says these kinds of hijacked ads are a growing problem in the rental industry.
Can you use an agent to rent a house?
While you can use an agent to help you find any type of rental home, you're less likely to encounter agents representing would-be tenants for single-family homes. Even in a large and high-cost metro area like Seattle, would-be tenants looking for a house don't need to be as worried about competing with other renters who have an agent.
Who can help me find an apartment for rent?
If you need help finding an apartment for rent, whether for yourself or with a roommate, you might want to call your local real estate agent ASAP.
What can a real estate agent do?
A real estate agent can help you sort through the details and find an apartment building with a rent you can cover in a good neighborhood. In a rental housing market with plenty of available apartments and homes, it could take just a few days to find a place you like. However, in housing markets with a limited supply of rentals, ...
What to do if your dream apartment ends up outside your price range?
If, however, your dream apartment ends up outside your price range, you may end up having to trade an amenity or two (or downsize to a studio from a one-bedroom), search in a different neighborhood, or find a roommate to help cover the rent on your lease.
Why do renters use brokers?
In New York City, for example, many renters use a broker because the competition for apartments is so high. It’s common there for brokers to require a fee of one month’s rent or 15% of the annual rent.
How long does it take to find a rental?
In a rental housing market with plenty of available apartments and homes, it could take just a few days to find a place you like. However, in housing markets with a limited supply of rentals, you could face competition from other prospective renters and find yourself searching for weeks for a place to live. That’s when having an agent who knows the neighborhood pays off.
How to ease the process of finding an apartment?
One way to ease the process of finding an apartment is to be fully prepared with everything you need to rent, including the paperwork and enough cash.
Why do you need an agent when buying a house?
Whether you’re buying, renting, or selling a home, you could benefit from working with an agent simply because the agent has market knowledge the average person lacks. An agent is particularly valuable if you’re moving to an unfamiliar neighborhood and need help finding communities where you might enjoy living.
What does an agent do for a rental?
An agent can help you assess what you are looking for in a rental and guide you through your options. They will be able to give you a range of possibilities which meet your budget and fit your requirements.
What is the difference between a realtor and a real estate agent?
It also is important to note that there is a difference between a Realtor® and a real estate agent. Realtors are held to a higher standard than your typical agent. When becoming a Realtor, you vow to follow what is referred to as the real estate code of ethics. Essentially, a Realtor must always put the interests of their clients ahead of their own.
How Much Does it Cost to Use an Agent?
The landlord will typically pay a finder's fee to the agent, which usually amounts to a month's rent.
Why do you need a broker when moving?
Having a broker working to find you a suitable property to lease reduces the things you need to sort out when moving . There is, of course, some paperwork which you will need to have ready to secure your new home sooner.
What can an agent do for you?
If you are busy, an agent can do the leg work for you, providing assistance to schedule tours of homes that meet your needs. You could avoid the problem of unanswered calls to property managers, letting them know you are serious about the rental and get the appointment.
Do landlords pay real estate agents?
In some areas, the landlord only pays their real estate agent and not the agent who brings the tenant. But even if there is a cost for their services, it could help you find a cheaper rental and work out better in the long run.
Do you need a security deposit for a first month rental?
As well as the first month's rent, you will need to provide a security deposit, which will double this amount . If you have everything ready, you will be able to move on a rental before anyone else beats you to it. In a competitive market, this could be crucial to finding the home you want. Be prepared to fill out a rental application and get it back to your agent as soon as possible.
How can renters benefit from hiring a Realtor?
Ultimately, renters pay for access to a real estate agent’s rental inventory.
What are the duties of a real estate agent?
According to Norton, real estate agents have a number of responsibilities, which can include any of the following: 1 Marketing the unit 2 Advising the landlord on market-appropriate rents 3 Discussing any work that needs to be done to the apartment to secure a renter 4 Scheduling and attending showings 5 Gathering completed applications and deposit checks from interested parties 6 Checking applicants' credit, references, and employment/source of income, and presenting all this information to the landlord
What services are included in Realtor fees for rentals?
According to Norton, real estate agents have a number of responsibilities, which can include any of the following:
How much does a realtor charge?
The exact fee varies by city. The most common amount charged by Realtors is one month’s rent, but this rate is not set in stone. In Washington, DC, for example, one real estate company reported charging anywhere from 25% to 50% of one month’s rent. A Realtor in San Diego said most agents are paid by the owner of the rental property.
What happens when a tenant accepts a lease?
Once a tenant is accepted, an agent negotiates the rent amount and terms, writes the lease documents, gets them signed, and collects all funds.
Where are rent fees higher?
On the other hand, in large cities like New York and Los Angeles— where locking in the perfect rental can be a blood sport—fees are often higher and can easily surpass a month’s rent.
Do landlords pay realtors?
"In a landlord 's market, where more people are looking than quality places are available, renters pay the fee," says Norton. In a renter's market, which is marked by an excess of inventory, a landlord pays a Realtor to find tenants. In some instances, a landlord and tenant split the fee 50-50.
