When moving to a new city, people generally are not familiar with the area and have to rely on local friends to familiarize them with the different parts of town and many different housing choices. However, if there are no local friends, many people rely on real estate agents to show them around. Often times the following two questions arise. We hope that the answers help bring some light surrounding the questions.
Question: Should I use a real estate agent for the purchase my home in downtown Chicago?
Answer: In all reality, when purchasing or renting in downtown Chicago, there is no downside to having a real estate agent represent you. We also note that for a buyer, in 99% of the cases an agent’s services will not cost you a dime as the seller pays for both the sell-side and buy-side commission.
Question: Should I use a real estate agent to help me find an apartment building in downtown Chicago?
Answer: Yes, there are real estate agents that specialize in renting out apartments. The benefit of having an agent that knows the area will save you time and help you find the right place. Additionally, it will not cost you anything as the landlord will pay the real estate agent a finder’s fee.
In summary, it does not cost a buyer or renter anything when using a real estate agent for the purchase or lease of your next property. It really is a no-brainer as you have nothing to lose. Worst case scenario is that you do not like your agent. In that case, you can move on to another agent or simply represent yourself.
Visit our section on Real Estate Agents for tips and insight.