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Advantages and disadvantages of using a real estate agency

Update: 3/ 8/2025

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With its beautiful beaches and vibrant urban environment, Da Nang in Vietnam is a popular area where many foreigners wish to settle or stay for a long period of time. However, there are several challenges for foreigners renting a room in Da Nang, such as language barriers and the complexity of contracts.

This article discusses the advantages of using an agency to help foreigners rent a room in Da Nang.

Advantage 1. No language barriers

Although more and more people in Vietnam speak English, there are still fewer agents in Da Nang who can communicate in English compared to Hanoi and Ho Chi Minh City.

It is common that many landlords only speak Vietnamese and do not understand detailed requirements, especially when signing contracts.

By going through an agency, you can communicate smoothly without having to worry about language barriers. By having the agency interpret the negotiation, rental agreement and communicate with you about areas of concern and repairs, you can not only conclude the contract with peace of mind, but also prevent problems at the time of cancellation or leaving the property.

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Advantage 2: You can be introduced to reliable properties.

Information on real estate in Da Nang can be found on real estate websites for foreigners and on Facebook.

However, property activity in Vietnam is very active at the moment and renters are quickly found and most listed properties are often not available for rent. Popular properties are often exchanged within local agents and rented before they are posted online.

We work with local agents to find the most up-to-date properties and arrange smooth previews.

Advantage 3: You can decide on a property efficiently and quickly.

When looking for a property individually, as mentioned above, you will have to make individual enquiries about properties listed online. Even if you are lucky enough to find a few available properties, you have to contact an agent for each property, so searching for a property individually requires a fair amount of time and patience.

By using an agency, you can search for a property efficiently and in a short time, as they will carefully select the latest properties, introduce them to you and arrange for you to view them.

Advantage 4: You can sign a contract properly and safely.

When signing a rental contract in Vietnam, the contract is signed in both Vietnamese and English. Even if you understand the content of the contract, if you do not know how to pay the security deposit or the market rate for utilities, you may be charged more than the market rate because you are a foreigner.

By going through an agency, you can avoid the risk of unjustified charges and unexpected costs.


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Disadvantages :Brokerage fee

If there is a disadvantage, it is the cost.

As we offer these advantages as a service to our customers, a reasonable brokerage fee will be charged. We charge an amount equivalent to one month's rent for a one-year contract and half of one month's rent for a six-month contract as an agency fee.

For example, if you sign a one-year contract for a monthly rent of VND 10.000.000 (approximately $390), the brokerage fee is VND 1.000.000 per month, and for a six-month contract,VND 5.000.000.

(The contract for a rental property must be for at least three months, and for some properties for at least one year).

Conclusion

Although it costs more, using a real estate agency is a great advantage to avoid various problems and to rent a room efficiently, and it can be expected to be more effective than the cost.

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