Q: My boyfriend and I are relocating to NYC from LA and Toronto – finally, an end to our long distance relationship!
We are learning about the NYC market and are thinking about employing the help of an expert broker. If we do this, how much can we expect to pay in broker fees? Also, is it much more difficult to find a place on our own?
Thank you very much!
A: I’m glad to hear that you’re moving to New York-this city is truly unlike any other in the world, and I hope you love it as much as I do. Especially considering that you and your boyfriend will both be new to New York, I highly endorse hiring a real estate professional to help you with your apartment search. You will learn not only about the various neighborhoods, but will also benefit from your professional’s expertise in guiding you through the process, which may differ from those in your respective regions.
If you are renting, in most cases, you will be responsible for paying the rental brokerage commission fee, which is customarily 15% of the first year’s rent. If you are purchasing, the seller usually pays the brokerage commission.
If you need assistance in selecting an agent, please let us know. We would be happy to pair you with someone who best suits your needs, preferences, and personality.
Wishing you all the best in your move!