No Fee NYC Apartments is Right Choice for Today's Economy – Part II
No Fee NYC Apartments is Right Choice for Today's Economy Part II
Before 2008 the recession has not really lash out, normally people use to rent an apartment in New York City with the help of a broker and the real estate agent charges them with 15% of commission for finding the rental apartment. Usually this was the process and they get commission and people use to feel less effort in finding the apartment for living. But after the year 2008 when the recession was in full blown up and the economy was drab, people were scared to do anything, they were scared to rent an apartment or afraid that they cannot afford it and they are even scared to make any changes.
So, all the owners of these buildings need to find a way to attract the people to rent their apartment buildings so they try to advertise their buildings as No Fee NYC Apartments by hiring the agents and paying them if they bring any tenant to that building. Many new people in New York who moved for living find this concept attractive and also they can save couple of thousand on renting No Fee NYC Apartments. This business tactics worked till 2009 to May of this year. As the economy grows the vacancy level also decreasing and again the system is back to pavilion as it was before.
Because of Economy growth and these tricks on renters are no more existing and there are less chances in getting No Fee NYC Apartments for rent as many owners have taken out this trend as they were in loss because of the rescission period so now they have choice to take out this facilities and people can go old fashion way in finding the apartment by paying commission to the agent. The majority of larger real estate agencies will not be supple because they simply don't have to be supple. The smaller real estate companies will normally bargain with you and work hard to find you that perfect apartment in a New York City rental building.