KIAN Realty NYC - Masumi Hayakawa & Hiroaki Oe Team
Who are we & what is our focus/specialty?
We are licensed real estate salespersons in the State of New York. We mainly help tenants renting an apartment and buyers purchasing a co-op or condominium in New York City. Our coverage is Manhattan and adjacent areas in Brooklyn and Queens.
Why do you use agents?
Real estate market in NYC is fast-paced and sometimes complicated and tricky. We can save substantial time and efforts of yours. We’ll make sure that your transaction goes smoothly in every aspect – from researching to screening, to negotiating and to finalizing. It is better to have your agent who represents ONLY you, rather than having no or dual agent, who works for both sides - tenant/owner or buyer/seller.
How much does it cost?
, most of our tenant clients pay NOTHING to us. There are many NO FEE apartments that we can show you without incurring any fee since owners cover brokers’ fee or tenant agents’ costs. In case owners don’t pay us, we’d charge you broker’s fee equivalent to ONE MONTH’s RENT.
For purchase, buyers pay NOTHING as sellers cover all the broker’s fee - typically 5-6% of sales price, which is equally split between seller’s agent and buyer’s agent. Some of seller’s agents try to be your agent as well since dual agents can take the full commission of 5-6% without splitting. In many countries and states, dual agents (theoretically work for both parties) are prohibited because of the conflicts and risks in such real estate transactions.
Can’t you just use Zillow or StreetEasy?
Those sites can be good starting points for you to look around areas and prices. Meanwhile, did you know StreetEasy and Trulia are owned by Zillow? Zillow Group is trying to dominate the market and now buying houses to flip in certain areas (not in NYC yet, as far as we know). Many owners and brokers no longer use Zillow / StreetEasy. Therefore, renters and buyers have less and less access to information about available units nowadays. Use brokers for more and real-time listing information - we use several databases.
Some of you might have realized that real estate agents/brokers are advertising properties on those sites, but they don’t represent owners/sellers. They are just paying for the spaces next to specific properties without owner’s permission, and this practice has been quite controversial. Many consumers cannot figure out who is working on whose behalf. Before signing any contract, ask the agent about it. S/he is obligated to explain it to you clearly.
Why do you use KIAN Hayakawa & Oe Team?
Don’t waste your time and energy by calling numerous brokers - listing information is not always accurate and even totally false by intent. You have more important things to focus - family, friends, work, and hobbies. We’ll try to minimize your stress and concerns in finding your new apartment in NYC, especially if you are moving from another state or country.
Please send us your wish list with marked must-have items for your next home. Also let us know your budget, target move-in date, if you have pets, and if you smoke. We’ll send you information of a few units that are likely to meet your needs. If you like any of them, you can see it in person or video chat with us. You can apply for the apartment online or remotely.
Did you know airbnb is illegal in New York?
Many people ask us if they can rent an apartment for a short time - days to months. However, the minimum stay at an apartment here is 30 days under New York State laws. (Sharing a room, not an entire apartment, is an exception). While some apartment buildings have furnished units for a minimum of 30 days, the majority requires an annual lease contract in NYC.
We can find you a short-term furnished rental as a temporary housing, if you are moving to NYC and use our brokerage service for your apartment (minimum one year). For those who plan to live here only for a few months, we can also help you, but most of the times it incurs a broker fee, since owners usually don’t cover such fee for a lease less than a year.
Recommended Renter’s Guide
The following guide is informative and highly recommended.
CityRealty - Renter’s Guide
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Who is a LISTING AGENT (SELLER’S AGENT)?
In a real property sale transaction, there are a seller and a buyer. Most of the times, a seller hires a listing agent to market the house to sell. The listing agent lists the property to MLS (Multiple Listing Service) to maximize exposure to potential buyers and also their agents (buyer’s agents).
Who is a BUYER’S AGENT?
Not many potential buyers know the role or the existence of Buyer’s Agent. A buyer’s agent works ONLY FOR A BUYER in the particular transaction. A buyer’s agent finds an ideal property for his/her buyer client in a timely manner. A buyer can have earlier and wider access to all the listed properties at MLS through his/her agent. Also, buyer’s agent makes sure that the transaction as well as communication among related parties would go smoothly.
Who is a DUAL AGENT?
Most agents work either as a listing agent or a buyer’s agent on a particular property sale. Some real estate agents always work for buyers. When you attend an open house or visit a sales office without your own buyer’s agent, some listing/sales agents try to be your agent. When you sign a contract with or without proper understanding, such an agent becomes a dual agent and then represents both parties (seller and buyer).
What’s wrong with DUAL AGENCY?
It is impossible for any dual agent to act in the best interests of his/her buy-side and sell-side clients at the same time. By consenting to dual agency, you are giving up your right to have your agent’s undivided loyalty. You may need to be careful about what you say to your agent, since your agent may not use the information you give him/her in a way that advances your interests. Dual agency is not allowed in some states in the U.S. due to conflicts of interest.
How much of COMMISSION shall you pay to your agent?
NONE. A seller covers all the commissions - typically 5-6% of sales price. In general, it is to be split equally between the listing agent and the buyer’s agent. The seller still pays the same 5-6% even when his/her agent becomes a dual agent. Some listing agents try to be a dual agent to earn the entire 5-6% commission. You, as a buyer, pays nothing anyway, so why don’t you find your own buyer’s agent who represents only you?
Where shall I find most updated and accurate LISTING INFORMATION?
The majority of buyers start their search online. However, as in the case for rental market in NYC, these days, fewer brokers/agents list properties for sale on major websites, including StreetEasy and Zillow. Those websites charge brokers hefty fees to have their contact information to be included in their exclusive listings of properties to sell. Accordingly, increasing number of brokers decide not to list their exclusive properties with those websites. Meanwhile, StreetEasy, Zillow and others sell available spots to random brokers who are willing to pay to be listed as a contact person for other brokers’ exclusive properties to sell. Many buyers send an inquiry on a particular home, believing they are contacting or being contacted by the seller’s/listing agent - oftentimes, they are NOT - they know almost nothing about the property but are trying to become your agent (buyer’s agent). They pay hundreds or even thousands of dollars to StreetEasy/Zillow to have their names and phone numbers beside other brokers’ listings.
Don’t select a particular property and try to contact the agent you see on such websites. Rather, choose your own agent by referral or through your own research. Then tell your agent about the property you are interested in and also what you want - area, space, budget, etc. The majority of agents has an access to MLS that contains all the available properties and listing agents’ contact information. Then your agent starts searching your ideal home and contacts the right agent.
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Our Listings of Rental Properties
View our rental listings at Kian Realty's Website. These are only examples of what we can offer. We will search no-fee apartments for you using a real-time database and help you find your ideal apartment swiftly.
Masumi Hayakawa's Listing
Hiroaki Oe's Listing