You are finally aligned and ready to embark on a new journey: Moving out.
Whether that is venturing out on your own for the first time into your first apartment or into your first home, the excitement bubbles inside as you look forward to finding the living space of your dreams. Or not! Perhaps the whole home hunting process makes you a bit anxious and confused as you flip through apps like Apartments.com, Zillow, and Trulia making calls to property management offices and realtors alike trying to find a lead.
Whether you are the first or latter of the scenarios, you can benefit greatly from your search if you invest in a seasoned realtor's assistance. I know what you're thinking: "Now I have to pay a realtors fee?" And my answer is, yes. Spend it, sis. The investment is worth it, and you are worth it.
Rather recently, I called myself trying to save a few coins by searching for my first apartment on my own, and almost became a victim of a renter scam. Thankfully, I used my head and sought counsel from my friends and family about the rental before making a decision. I was blessed enough to find a great realtor to help me find my first apartment who was able to talk my rent down by $100 from the asking price. I save $1,200 a year that I would've paid if I hadn't hired my own realtor, and she checks in with me yearly for my feedback and offers suggestions about buying or renting my next apartment. You are paying to have an experienced agent with your best interest at heart on your side in an industry that is trying to give you less as you spend more.
I sat down with a millennial realtor Madison Fraizer who was able to spill the tea on the apartment and home search to explain the many reasons why partnering up with a realtor is one of the smartest and most risk-free moves that you can make:
Though using online apartment listing is a great starting point for young women looking to move, would you suggest using a realtor?
Madison Fraizer: I definitely recommend utilizing a realtor, a lot of the inventory we have privy to, opposed to you going on Trulia, and definitely not Zillow, or 'Killer Craig's List'. I'm still very skeptical about Craigslist, even though I found my current apartment on the site, but it was because I knew the broker. Anyone can post on Zillow and Craigslist now so it's more so for the assurance if you are a woman; one for safety, and two to be certain it is really inventory. Is it really available? I had a client, unfortunately, she thought that my condo was for rent, and when she went to go meet the seller off Craigslist, they robbed her on Christmas Eve. So that's why I encourage people to stay off the online platforms and to partner up with a reputable realtor in person.
What are some tips and trends you could offer to young women trying to find a great value in their investment whether they are looking to rent or buy?
I encourage young adults to have roommates because rent is so high. Rent is so high that it is forcing people to buy. You may think that buying into a single-family home is too much, as I did I was younger. Now I have a chance to work with other young women who do investment properties, and I am looking to invest in the same. I will be able to live in one unit and let the second unit be rented out in order to pay my mortgage.
This way, whatever money I am making, I can save for my next investment because rent is ridiculous, especially due to gentrification. I can attest to this, as I worked a decent job every day, and could not afford a luxury apartment because the rent starting for a one-bedroom in my town started at $1800. I had to move further south so that I could afford my lifestyle.
For some of us that are on the search for the right fit in a realtor, what are some guidelines you suggest we follow?
When looking for a realtor, the first thing I think they should ask is if the realtor is resourceful. Could they offer you a variety of programs? If they are looking to rent, are they knowledgeable about the market you want to buy into? You want to find a realtor that is in constant contact with their clients, following up, doing everything that has to be done to get it to the closing table. Rentals can be just as hard and as difficult as selling a house because of the paperwork involved and the requirements of the landlord.
"You want to find a realtor that is in constant contact with their clients, following up, doing everything that has to be done to get it to the closing table."
As the new year approaches and many of us make resolutions to move into a bigger and better living space, make it your first order of business to find a realtor that best fits your needs. This is a great opportunity to enlist the help of a female realtor of color that is not only well-educated in their craft, but street smart in regards to the surroundings that you are looking into.
Follow Madison @Msmadisonrealty for more tips!
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