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24.05.2015 admin
One of the most common lures used in New York City real estate listings, one you'll see again and again in every type of media, is the promise of no fee apartments.
It sounds counter intuitive, but many no fee NYC apartments that you see advertised online or in the newspaper are actually obtained through a broker.
Most NYC brokers only make money when you actually sign a lease, thus it's certainly in their interest to find you an apartment as quickly as possible, so they can move on the next client. This is both good news (the broker wants to find you a home as much as you want to find a home) and, potentially, bad news, because the same broker also is usually not interested in spending time showing you lots of apartments. A common complaint about finding an apartment in NYC through a broker is the rampant use of bait-and-switch tactics.

To get a truly no fee apartment, you have to cut out the middleman--the broker--entirely and work directly with the property manager or owner. Fortunately, technology has made it easier than ever to find a NYC apartment without using a broker.
All information furnished regarding properties or no fee apartments for rent is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof. This way, you pay no brokers fee AND the owner pays no brokers fee, giving you an apartment at the fair market price, with no extra costs, hidden or otherwise. If you decide to use a broker, and you find one who sticks with you, listens to your concerns and seems to be truly trying to help, stick with them!

With vacancy at an all-time low the best bet is to contact a knowledgeable broker who has inside connections (exclusives).

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