Is it worth renting a house through realtors?

Finding a rental property in Calgary is an important and responsible process, especially for newly arrived immigrants or those who are not familiar with the local real estate market. One option is to contact realtors - professionals who help you find housing, complete the paperwork, and avoid risks. In this article, we will consider whether it is worth renting a house through realtors in Calgary, what are the advantages and disadvantages of this approach, and how much do realtors' services cost.

Who are realtors and what services do they provide?

Realtors are licensed real estate professionals who help clients buy, sell, or rent homes. In Calgary, they have in-depth knowledge of the local market, legislation, and can offer the best options to meet your needs. Realtor services include:

  • Searching for housing according to your criteria (budget, neighborhood, type of housing).
  • Organizing viewings and consultations.
  • Assistance in drawing up lease agreements.
  • Verification of the legitimacy of the owner and documents.
  • Advice on lease terms and tenant rights.

Advantages of renting a house through a realtor

1. Saving time and effort

A realtor takes care of the search for housing, checking offers and organizing viewings, which greatly simplifies the process and saves you time.

2. Professional support

The realtor will help you avoid fraudulent schemes, check the owner's documents, advise on the terms of the contract and the tenant's rights.

3. Access to exclusive offers

Some housing options are available only through real estate agencies, and a realtor has access to such offers.

4. Legal security

A realtor will help you to draw up a lease agreement in accordance with Alberta law, which will protect your rights.

Disadvantages of renting through a realtor

1. Cost of services

Realtor services in Canada can be quite expensive. According to the data, the average cost of realtor services in Calgary can reach about 19 thousand dollars, which includes a commission when buying real estate. For renting, the commission is usually less, but it can still be from 50% to 100% of the monthly rent.

2. Dependence on an intermediary

You partially lose control over the process, relying on the competence and integrity of the realtor.

3. Possibility of additional costs

Sometimes realtors can offer housing with additional services or conditions that increase the total cost.

How much do realtors' services cost in Calgary?

  • When renting a home, realtors usually charge a commission in the amount of one month's rent or a portion thereof.
  • When buying real estate, the commission can be up to 2.5-5% of the property's value, which sometimes reaches tens of thousands of dollars.
  • The cost of services may vary depending on the agency, type of housing, and complexity of the transaction.

When should I contact a realtor?

  • If you are a newcomer and are not familiar with the local market.
  • If you have limited time to search for a home.
  • If you are looking for housing in popular or difficult to rent areas.
  • If you want to be sure of the legitimacy of the contract and the owner.
  • If you need help with paperwork.

When can you do without a realtor?

  • If you are well versed in the local market.
  • If you have the time and desire to look for and check out housing on your own.
  • If your budget is limited and you want to avoid additional costs.
  • If you know the owner or have recommendations from friends.

Tips for working with a realtor

  • Choose licensed and trusted professionals.
  • Clearly discuss the terms of cooperation and the cost of services.
  • Read contracts carefully and do not sign anything without understanding.
  • Keep all documents and receipts.
  • Don't hesitate to ask questions and ask for explanations.

Conclusion

Renting a house through realtors in Calgary has both advantages and disadvantages. Professional assistance can greatly simplify and secure the process of finding a home, especially for newcomers and those who do not have time to search for one on their own. At the same time, realtors can be expensive, and there is not always a need for their services. The decision to use a realtor depends on your personal circumstances, budget, and level of self-confidence. It is important to weigh the pros and cons and choose the best option for yourself.