And what is the point? And is it the best way to get an apartment in NYC? What if your credit is less than desirable? Does paying a broker fee help you get an apartment quicker or easier? Thanks!
2006-12-03 11:50:10 · 4 answers · asked by YoBaby 2 in Travel ➔ United States ➔ New York City
Broker's Fees are usually 1 to 2 months rent. If your credit is less than desirable, I would reccomend looking for a private owner yourself (especially if you are trying to save money). With spotty credit you may need to pay an extra deposit. So if you think about it...
Deposit: 1 month's rent
Brokers Fees: 1 to 2 months
1st months rent: 1 month
It can get pretty expensive, quickly. I would spend some time on craigslists and spend the day scheduling appts before I called a realtor.
2006-12-03 19:13:19 · answer #1 · answered by mrs. m 2 · 0⤊ 0⤋
A broker fee is usually a certain percentage of the yearly rent of your new apartment. The last time I paid one it was, I think, 12 percent. But, honestly, there are plenty of apartments in New York that don't have broker fees so if you don't have to pay one, why would you? I live in the StuyTown community now and they have plenty of great no-fee apartments that you might want to look into. http://www.stuytown.com/no-fee-apartments-nyc/
2016-04-19 13:26:15 · answer #2 · answered by Alex 2 · 0⤊ 0⤋
you dont pay unless you are approved to an apt,otherwise its free,it is the fastest way to find one other then looking in the sunday times section and going on your own which i have done the cost of a broker is a months rent
2006-12-03 12:01:31 · answer #3 · answered by Anonymous · 0⤊ 0⤋
10% of one years rent
2006-12-05 14:50:43 · answer #4 · answered by Angelcupcake 3 · 0⤊ 0⤋