Hi Joel,
I agree with Laurie Mindnich of Options Realty. "the more reputable the firm, the higher the commission will be" is an answer that is rife with problems and inaccuracies. Stay away from answers like this.
The reality is that NYC Brokers are hurting as much as or more than others. Most have never seen a market like this. Go out and find the best Broker you can and negotiate with them. Negotiate every aspect of their contract that you can. Bring in several. Talk to friends and co-workers and see who they recommend and why. More importantly find out what they did not like about the experience.
I will say that you do get what you pay for with some brokers. That is one of the reasons that Foxtons went out of business. That said just because someone is charging the most does not mean they will do the best. Make sure that they communicate, understand the ramifications of Agency fully (see this link for a brief synopsis
http://www.realtor.org/toolkits/consumerf01 ) and that you like them. Check their references. Do your homework on them. And don't choose a big company just because it is big or a small company just because they are small.
All the best,
JOE GREENE
Broker/Owner
WEICHERT, REALTORS - House & Home
609 Kappock Street
Suite 1A
Bronx, NY 10463
(718) 432-5000 ext.601 (Office)
(718) 432-2091 (Fax)
(917) 974-2600 (Cell)
joegreene@weichert.com
- Yesterday, 05:52