Home Buying in New York>Question Details

Gg, Home Buyer in Miami Beach, FL

I live in long island, I would like to buy an apartment in Manhattan. Do all agents have access to everything that is for sell in NYC?

Asked by Gg, Miami Beach, FL Thu Apr 22, 2010

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8
Your best tool for buying an apartment in Manhattan is an experienced Manhattan real estate broker.

Mitchell Hall
Associate Broker
The Corcoran Group
917-312-0924
mhall@corcoran.com
Web Reference: http://nycblogestate.com
2 votes Thank Flag Link Fri Apr 23, 2010
Mitchell Hall, Real Estate Pro in New York, NY
MVP'08
Contact
Most apartments listed in NYC can be found on 3 web sites- Streeteasy.com, Trulia and the NY Times Real Estate web site. You might find other properties listed elsewhere- but these will be your best tools.
1 vote Thank Flag Link Thu Apr 22, 2010
Gg,

New York City agencies are not on MLS as they are in the rest of the country. What we have to do is search for properties you would like to see, then make appointments with the seller's agent. What are you looking for?

Nick Rafello, V.P.
The Corcoran Group
(212) 444-7852
nrafello@corcoran.com
1 vote Thank Flag Link Thu Apr 22, 2010
Gg,
The answer depends upon what you mean by NYC - if you are referring to only Manhattan or the other boroughs. Manhattan and the closer in parts of Brooklyn belong to the Real Estate Board of NY. We function very much like an MLS, with some minor differences. Unfortunately, NYC has been behind the times with that. My former company was pushing for that, but right now the REBNY system is the closest thing. All member agencies can view each other's listings and we all co-broke (share listings) with each other. It is understood that regardless of who has the listings, there will most likely be a seller's agent and a buyer's agent. If you are talking about the other boroughs, the farther out neighborhoods in Brooklyn have an MLS and Queens does. Aggregate sites for consumers do have a wide variety of listings, but I find I am often answering questions here about outdated listings or wrong or incomplete listings. The best way to search is through a good experienced agent. You can also search the entire REBNY system through certain select agent websites of Halstead agents because as Richard below mentions, we are the only NYC full service real estate company to give consumers full access to the entire REBNY database that we agents see, only you see a consumer view as opposed to the more detailed view that agents see. These are called If you'd like to browse using this method, you can go to http://jenetlevy.halstead.com. You sign in once and then have the same access to what we agents do when we work with a buyer.

A good way to find a good agent is to go to the Find a Pro tab on top and put in New York, NY and see who comes up and read their profiles and their answers to questions and see who you feel good about.

Best,

Jenet Levy
Halstead Property, LLC
jlevy@halstead.com
212 381-4268
http://jenetlevy.halstead.com
0 votes Thank Flag Link Sat May 1, 2010
I like Richard's answer very much. I would only add that Craig's List also has apartments you will not find any where else--buried among the scams and the crazies, that is! A good buyer's agent will sift through all of the available resources for you.

Good luck in your search. We live on Long Island too and own an apartment in Manhattan, which has been just wonderful for us.

Karla Harby, VP
Licensed Real Estate Salesperson
Charles Rutenberg Realty, LLC
(917) 365-0876 cell and text messages
0 votes Thank Flag Link Wed Apr 28, 2010
No they do not, and they don't have that anywere in the US. All members of the Real Estate Board of NY (REBNY) have access to all Exclusives listed by other members. BUT that leaves out open listings, "Ours Alones" (which cannot be sent through the REBNY Real Estate Listing (RLS) database, many developers who are not required to send their availabilities through the RLS nad For Sale By Owners (FSBO). The New York TImes has only the listings of those who pay to have them on there which does not include all REBNY members, Trulia and Street Easy Etc have only what they can pick up through feeds and web crawlers and are sometimes incorrect and out of date. The widest databases right now are Virtual Agent Websites (VOWs--which about 200-300 agents in NYC have right now) The first agency to have VOWs in NYC was Halstead but I beleive a few others either have them norw or are working hard to get them going, by fall I expect that number to be over 1000. A VOW culls its info from all sites and the agencys internal database. That is for searching on your own, but the best key is an experienced agent who serts up auto searches in their systems based on yor citeria and is even proactive contacting older off market listings to see if they still have an interest. Of course the agents who are that hard workign and that good are the busiest and harder to get time with. You want an agent who knows the buildings in your search area, knows what is for sale in them off the top of their head and what is behind that door without having to look it up. Get one of those and hod on tight, you have a winner. A good way to start looking for one is to do a search on the Times within your criteria, when you find the one who has several listings that are in the realm--you have one of those experts. Be loyal and help them help you.
0 votes Thank Flag Link Sun Apr 25, 2010
Hi Gg,

Are you taking baby steps and educating yourself on the New York market or have you already done all of that that and are ready to go out and start previewing properties?

We have access to every property in New York. If it's listed somewhere, I can find it. Typically we use several different sources, our internal systems in addition to other search engines.

Before you start looking, you really need to get pre-qualified. Also, are you currently renting or need to sell your property in Long Island before making another purchase. When and if you are ready to pick a broker, make sure that you ask him everything that's important to and also make sure that he or she is asking you questions as well. The last thing you want to do is go out with a broker who didn't qualify you as a buyer.

While on the outside you would probably prefer not to disclose any financial information to a broker you just met, I think that anyone who doesn't qualify their buyer doesn't know what they are doing. You will learn that all good brokers know who they are working with. Budget, Affordability, Time, Wants and Needs. Get that out of the way before you see a single apartment.


All the best,
0 votes Thank Flag Link Fri Apr 23, 2010
Yes. What Nick says about there not being an MLS in Manhattan is true, but all members of the Real Estate Board of New York have access to the database of properties for sale. With over 10,000 active residential agents in Manhattan, you should be able to find someone you are comfortable to work with. Once you find someone you like, it will be to your advantage to stay with them instead of going from broker to broker. By working with that one person, they will get to know your needs and wants and not duplicate what you have already seen or rejected.
0 votes Thank Flag Link Fri Apr 23, 2010
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