Apartment hunting in Manhattan is crazy.
(Looks like I’ll be writing this in power paragraph style, like I learned in fourth grade.)
First of all, they have brokers: essentially real estate agents who charge up to 15% of the first years rent. And it’s hard to avoid one, especially to a newb like me.
Second, bait-and-switching is rampant. An shows an awesome looking apartment, but once the broker gets you into their office they say “Oh, that one just went off the market. Let me show you some others.”
Though not technically a bait and switch, check out this ad: http://newyork.craigslist.org/mnh/fee/693337581.html. Looks great, right? Even if you read the fine print: Image may not be of the actual apt., but is typical of apts. in this building. Well, the apartment is nice but the one room is about 9×9 feet in front of the kitchen. Enough to plop down a queen sized bed. That’s it.
At a more extreme level, I’ve heard lots of horror stories about postings featuring nonexisting apartments. The scammers then pocket any money they receive.
Third, these brokers can be sleazy. I actually hung up on one (something I don’t do). I saw an ad for a nice apartment and called the broker who posted the ad. “Oh, that one was taken, but… [see above].” Whatever. I just wanted to see more apartments so I was willing to let it slide. Before heading up, though, I called to see which apartments he planned on showing me. I didn’t want to make a big time commitment going in blind. As soon as he learned I had a question he said “Here, talk to my assistant.” She knew nothing about me and asked the same questions he had already asked. I explained that I already answered these questions and wanted to know about the great apartments he promised to show me. She said she couldn’t share that. I replied that this would be a waste of my time then. She started to give me a lot of lip, and I hung up.
Today’s life lesson presented by Jeff.