Great post, Alan! Love it.
This is should every agent to say to prospective tenant!
BE PATIENT! It is very difficult to be patient in this kind of market but you will need to stay calm and focused on what best meets your needs. Even though the market is tight with your Realtor you will be able to see everything that comes available in Real Time and can move quickly.
You will want to see everything that is available in your price range. The for lease market is very hot right now in Austin and Round Rock. Apartments are above 90 percent capacity and residential properties are in very short supply.
First Tip: Use a Realtor. This is the kind of market where you will want to engage professional assistance to help you see what is available in real time. Their services are FREE to you and they will save you a great deal of heartache. IDX sites like Trulia and Zillow are running too far behind this market for you to be able to see what is available right now.
Tip Two: Communicate clearly! Help your realtor understand what you are looking for in a lease property. If for example you want to look at apartments you will want the apartment complex to have the amenities that fit your needs: washer/dryer, location, parking garage, storage unit, work out facility, first floor options, proximity to shopping, cable, internet, security. Your Realtor will send you only the properties that mach your need.
Tip Three: Be ready to act. In a hot market a delay can mean losing the property that best meets your needs. You should be ready: financially, emotionally, physically (moving is work).
Tip Four: Do not go it alone. There is a temptation, especially when you are anxious to go out on your own looking at apartment complexes or lease properties. Your Realtor will save you time and money if you allow them to work with you. Your Realtor is familiar with the complexes you are looking at and has access to what they are offering as incentives for lease clients. If you go it alone you may lose those incentives just because you do not know about them and the complex will not tell you.
Tip Five: BE PATIENT! It is very difficult to be patient in this kind of market but you will need to stay calm and focused on what best meets your needs. Even though the market is tight with your Realtor you will be able to see everything that comes available in Real Time and can move quickly.