Don’t miss out on YOUR place!

You know that amazing three bedroom with tons of natural light, granite countertops, stainless steel appliances and priced $500 lower than its market value? I’ve got some bad news:

You’re not the only one who knows about it.

This week, this notion came full-circle to a few of my clients. We had looked at a unit about a month ago which had been on the market for about 2 months prior. Despite all three of them liking it, it wasn’t until last week that they informed me they wanted to move forward with applying for it. However, it took them 3 days to get me all of their necessary materials, and by that time, there were already two other parties who had fully submitted their paperwork and paid.

Although there are still some viable options for them to consider, there is no worse feeling during the apartment hunt then knowing that you’re settling on your second choice.

The underlying message: NEVER assume anything. Even if a unit has been vacant for 6 months, it only takes one other interested person looking at the same time to throw a hitch in your plans.

With that being said, here are a few pointers to help avoid FOMO (fear of missing out) and get your first option.

  • Game plan before the showing. Make sure all parties involved are on the same page with expectations for the showings – what are “must-haves” and “like-to-haves,” what are your price points, and most importantly, are you ready to apply if you find the right one?
  • Have EVERYONE and EVERYTHING you need to apply when you tour. Even if you think you’re not ready to apply for a unit, have everyone who would be living there present, as well as any documents you would need – IDs, Proof of Income, checkbook – because sometimes, you just know. Which brings me to my next point…
  • Don’t be afraid to pull the trigger. Despite finding a unit that checks most, if not all, of their boxes, some people often have a tendency to continuously search for something “better.” Ultimately, what this leads to is confusion, convolution and indecisiveness. So rather than applying for a unit that is a good fit, you are now comparing it to every other one you looked at and making excuses for why one unit is better than the other.

  • Instead, try to come to the realization that chances are, there are going to be units both better and worse than the unit you ultimately decide on, so you should just embrace the positives that your apartment brings.

     

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