Monday, January 9, 2017

8 FAQ Buyers Ask Agents


Buying New York City real estate with a broker: 8 frequently asked questions

1. How does working with a broker benefit you?
1)    It saves you time.
2)   It makes you a more informed buyer.
3)   It makes you more competitive in a tough sellers’ market.
4)   It helps you navigate through the complicated process of acquiring a home in New York.

2. Should you have one broker from each real estate company so that you don't miss any properties?
The Corcoran Group cooperates (co-brokes) with most of the other agencies, sponsors, and often directly with the owners. One call to your broker can get you the information you need on all the properties in which you are interested.

3. But what about other companies' exclusives? How can I see them through you if they are not your exclusives? 
Corcoran is a full service company. We believe in giving nothing less than complete service.
An exclusive listing means that the seller of the property is represented exclusively by his or her selling broker. You as a buyer, represented by your Corcoran buyer’s broker, can see that property. Your broker makes the arrangements to view it. Since exclusive listings are co-broked, you will not be missing out.

4.   What about Sunday Open Houses?
A great way to see many properties in one day is by going to Sunday open houses. (The downside is that they are often crowded.) If you like looking on Sundays, and your broker is unable to go with you, ask him or her to register you for the open houses you wish to attend. When you sign in at each place, be sure to put down your name, your broker’s name and your broker’s phone number. This way you will be represented if you want to make an offer on any of the properties you have seen.

5.   How do I know my broker isn’t going to miss any properties?
Corcoran has one of the largest data bases in New York, which is updated daily and includes properties from many different realty firms. If you would like to be a part of the searching process, tell your broker. He or she will be happy to work with you as a team. You can go online to the various web sites, look in the newspaper and in the real estate magazines, and compare notes with him or her. Call or email your broker all of the listings you find online so he or she can research them further and make appointments for you.

6.   If I am going to do the work, why do I need a broker?
Your Corcoran broker has a much more extensive and up-to-date data base than the public will find on the You don’t have to. Sales commissions are paid by the seller, not the buyer. When a property is co-brokered, the commission is shared between the selling broker’s company and the buying broker’s company. There is no additional out-of-pocket expense to you.

7.  Buying a home is expensive; do I have to pay a broker fee?
You don’t have to. Sales commissions are paid by the seller, not the buyer. When a property is co-brokered, the commission is shared between the selling broker’s company and the buying broker’s company. There is no additional out-of-pocket expense to you.

8.   Once I find the perfect apartment, what do I do?
Finding your dream home is the easy part. Once you are ready to make an offer, you will really begin to depend on your broker.  Your broker will be there to advise you every step of the way to:

- Find the right mortgage broker to arrange the necessary financing.
- Put together a strong offer package to be competitive in the market.
- Negotiate the price and terms of the sale.
- Find the right attorney to represent you.
- Assemble the best possible board package to qualify you for acceptance.
- Coach you for the Board interview.
- Prepare you for your closing.

In return, we ask you to communicate with your broker to create a loyal, trusting relationship.
For this loyalty, you can expect your broker to be:

Knowledgeable . . . . . . . . always abreast of the New York City Real Estate scene.
Accessible . . . . . . . . . . . . just a phone call away.
Available . . . . . . . . . . . . . ready to arrange showings around your schedule.
Accountable . . . . . . . . . . prompt and honest in all transactions.
Hard-working . . . . . . . . . eager to search for properties until the right one is found

Buy with Jeff Nolan... it will be the best move you make!

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