I am ready to buy my first apartment. I have spent the last 3 months looking through Brown Harris Stevens,

Pinguz
Home Buyer
10012

Elliman and Corcoran listings. Each brokerage has 3-5 apartments I'd like to check out. Do I have to contact each broker at each firm or do I pick one and they show me the 10 or 12 apartments I want to see?

Answers (3)
Alen Moshkovich
Agent
10022

Hi Pinguz,

I'm an agent with Douglas Elliman, and I'm happy to hear that you have found listings on our website that caught your interest. We are the largest firm in New York and hold majority of the listings which are transacted in this city. Aside from you liking listings on our company's website, Corcoran's and BHS, there are many other firms who have great listings as well, and definitely something we should look into before you settle on the three mentioned.
Most agent's in New York have same access to every listing in this city. It would be best to work with one agent who can show you all of the desired properties. Chances are if you try to work with several and if they do their job correctly, they will be showing you identical apartments. Also it wouldn't be fair to the brokers if you took up their time and decided to go with someone else the next day. By all means you can switch brokers daily, but do it because you aren't connecting, not because they work at a different firm.

When it comes to buyers agreement, we don't really have that in NYC. It's not something buyers here would be willing to sign because it doesn't mean very much, and is not a standard practice. I know that in other states, and in the suburbs it's practiced. You just won't find much of it here.
And I'm not sure why anyone would be looking for a 10% down? It means nothing, condo buildings still say 10% down in the financial description, but when you call a bank chances are that you will need to be between 20 and 25% to get a loan.

If you have any other questions or concerns, I'll be happy to answer them for you Pinguz. All of my information is in my profile or you can email me at Alen@NYCAGENTS.com


Best of Luck
Alen

Tue Apr 28 2009, 20:26
Jolie MussNYC/M...
Broker
Upper West Side, New...

First,
Your best approach is to work with an experienced broker or agent that represents buyers. You could also search on your own for listings that say they only require 10% down and contact the seller's agents and set up appointments.

Web Reference: http://joliemuss.com
Tue Apr 28 2009, 09:24
Joe Greene
Broker
10463
FIRST ANSWER

Hi Pinguz,

What I would suggest is working with a dedicated buyer's agent. This person will contact all the proper brokers for you and they will, generally, get paid by the seller. This wll allow you to be represented by an agent who is looking out for your interests and will do a lot of the legwork for you. You will have to sign a contract with the buyer's agent, and you should read that contract thorougly, but since the seller has an agent representative working on their behalf, you should have one too. Please feel free to contact me for more info on Buyer's agency and how it can benefit you. Joegreene@weichert.com & 917-974-2600 (c).

All the best,

Tue Apr 28 2009, 07:47

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 1,989
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback