Continuation of last time"No brokerage fees"We will explain about:

Among the various costs involved when searching for a rental property, agent fees take up a large portion of the costs.
If I can save money, I would like to.

Recently, there have been many advertisements offering "no brokerage fees" or "half brokerage fees," so people tend to be picky when searching for properties like these.
However, I think many people are concerned about whether the essential services are adequate despite the low fees.

This time, let's think about the tricks that can reduce brokerage fees and what to look out for when choosing such a property.

The pros and cons of low brokerage fees

Tenants may think that lower brokerage fees are better, but there are not only benefits.
There are now more checkpoints to check when choosing a property, such as whether any fees are added on anywhere and whether the service is excellent.

On the other hand, reduced commission may seem like a disadvantage for real estate agents, but it is because there are real estate agents who decide that this is a better option that there are properties with half-price or no commission.
It's important to find out why the fees are so low.

Advantages and disadvantages for tenants

For the tenant, the biggest benefit is that they can save on agency fees, which make up a large portion of the costs.
By keeping initial costs down, you can increase your budget for purchasing furniture, home appliances, etc.

However, be aware that agent fees may be added to the rent and other fees.
If you end up in a property where the rent is increased, the longer you stay there the more you will lose.

Another disadvantage is that there is uncertainty as to whether the intermediary will provide proper service.

Advantages and disadvantages for real estate companies

For real estate companies specializing in rental management, agency fees make up a significant portion of their profits, so they cannot be easily reduced.
If we cut our fees in half, we will have to consider other losses in revenue.

If you receive an agency fee from the landlord, there is a risk that the landlord will switch to another agency.
However, since it will be easier to find tenants, the number of properties you handle will increase, and your brand power and credibility will improve.

Considering the reputation within the industry and that of financial institutions, it makes sense to offer half-price or free brokerage fees.

Pros and cons for landlords

In the past, landlords had a lot of power and it was difficult to collect fees from them, but this situation is changing due to the declining birthrate and the increase in the number of properties.
There are cases where you may want the vacant room to be filled quickly even if it means paying the brokerage fee, and in some cases paying the brokerage fee properly will help build a relationship of trust with the broker and ease your concerns about rental management in the future.

It seems that paying fees is not simply a disadvantage.

Things to keep in mind when choosing a property with low brokerage fees

There's a reason why we keep our brokerage fees low.
By asking the intermediary about whether the payment is received from the landlord or is a corporate effort, you will be able to make a satisfactory transaction.

If a property is being advertised with no or half-price brokerage fees without any solid reason, be suspicious as to whether the fee is being added on to the rent and other expenses.
Even if the rent and other fees are standard, it may be an unpopular property for which you have to offer it at half the agent's commission.
You need to address these concerns one by one.

Brokerage fees are a necessary expense. Choose a reliable company.

Many people who are looking to find a rental property may be thinking that the lower the agent fee, the better.

But there is a reason why we can keep our brokerage fees low.
It is best to avoid properties if you cannot understand the reason behind them.
The reason why the brokerage fee is basically one month's rent is because brokers have a certain amount of work and effort to do.

You may find that the stress of searching for a property is reduced if you accept it as a necessary expense.
In addition to the rent, be sure to carefully consider whether the brokerage fees and other expenses are priced appropriately, and choose a trustworthy brokerage company.