When you decide to purchase real estate in New York City -- or anywhere else, for that matter -- one of the first steps you'll need to take is to find a good real estate broker. A broker* will be your advocate throughout the entire buying process, doing everything from helping you locate the best properties on the market that meet your specific requirements and budget to helping you find the right mortgage broker and real estate attorney. It’s important to have the right team working for you to make your buying process smooth and pleasant. Best of all, as a buyer, you don’t even have to pay your broker! The seller pays the commission, which is split between the selling agent’s company and the buying agent’s company.
A few good resources:
If you have friends who have recently bought or sold a property in your desired area, ask if they worked with a broker and whether or not they would recommend the person they worked with. Personal referrals are often a great way to find a broker that you “click” with.
Open houses are another place to meet brokers who work with the types of property you’re interested in. In this setting, you also get the chance to talk face to face and get a feel for rapport.
You can also search broker biographies on-line. Most of the large brokerage companies in New York have bios for all of their agents on the company websites. Have a look and see if one stands out to you.
Or, perhaps you've come across some helpful articles written by a licensed real estate professional and think you would enjoy working with that person. If you'd like to work with me, please contact me at firstname.lastname@example.org. I love meeting new clients.
* The term "broker" in this article is used in the conversational sense (interchangeable with "agent.") Legally, a real estate "broker" is the larger real estate company -- Corcoran, for example -- and an "agent" is an individual who represents that company. In NYC, there are 2 levels of agents: salespeople and associate brokers. Associate brokers are individuals who are fully qualified to set up their own brokerages, but still choose to work under the umbrella of a larger brokerage company.
Enjoy this article? Receive e-mail alerts when new articles are available. Just click on the "subscribe" button below.