Expats often ask whether they need an agent to rent a condo in Singapore.
Well, renting a property is typically less complicated than purchasing one. Once you have identified an appropriate condo in a preferred location, you can then get in touch with the landlord. Also, to check the condo and in case things are up to the mark, sign the lease contract after you have perused the contract carefully.
However, hiring an agent comes with certain advantages, which you might badly miss, especially if you are renting a property for the first time in Singapore.
Expats who have lived in Singapore for a few years and are familiar with its real estate might do well without an agent. However, someone who is relatively new in this part of the world might gain from his or her association with an experienced agent.
Let’s look at some of the key advantages of hiring an agent when renting a condominium in Singapore.
Key advantages that an agent offers
- You will have an expert guiding you all the time. A trained agent is thoroughly familiar with the real estate market. He will know all the ins and outs, so you can rest easy knowing you will get a good deal. For instance, some landlords might have unusual rent agreement contract which might look tempting to you but might work against you later on. An experienced agent will be familiar with such tactics and keep you safe and sound.
- An experienced agent knows how to pay attention to detail. An agent will ensure you do not overlook any detail, whether in the condo itself or the lease agreement. Sometimes, it is easy to miss out an important detail. However, such a lapse can cost you dearly. For instance, if you have missed the fact that your tenancy agreement does not include the expatriate clause, you will have to forfeit your security deposit if you were to terminate the agreement before the signed date. A reliable agent will ensure everything is in order so that there are no nasty surprises later on.
- You will be able to find a suitable unit quickly. If you are new to Singapore, you might not know which locations suit your needs and budget. On the other hand, thanks to the agent’s years of experience, he/she can quickly arrange property viewings based on your inputs.
Can’t you go solo?
As said above, an agent makes thing easier, but you can solo too if that is what you want. If you are comfortable doing things yourself, ensure that you pay attention to details and check the property and the rent agreement carefully.