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Buying New York Condos with a Buyer Broker

New York Condos

While it is possible to purchase a home without the assistance of a broker, it is not recommended that you buy New York condos without a buyer broker.  This is for your own protection.  Real estate agents in New York are ruthless.  They will stop at nothing to get the highest price possible out of the condos placed in their care.  This is due to the fact that their pay includes a commission equal to a percentage of the sale price of the condo.  The more they get you to pay, the more they are paid in turn.

However, a buyer broker is on your side.  The good buyer broker is familiar with most of the real estate agents in New York, and can spot their bluffs from a mile away.  The good buyer broker will also be familiar with the majority of the available New York condos up for sale.  They will be familiar with going prices for New York condos as well, which is important information if you do not want to overpay for your condo.  A buyer broker will save you a lot of money by helping you negotiate a fair price for the condo you want to purchase.  Sometimes they can even negotiate for the sellers to pay closing costs, which saves you even more money.

A buyer broker saves you time as well.  The broker will have intimate knowledge of where to find New York condos, while you would be searching endlessly on the internet if left to your own devices.  Additionally, the broker will research the neighborhood, if they are not already familiar with it, and provide you with detailed information that will influence your purchase decision.  When you have found a condo to suit your needs, the broker will act on your behalf to be certain the deal closes fairly and in a timely manner.