A dedicated buyer’s agent delivers loyalty and professional responsibility for you, working solely in your best interest. You can negotiate how the agent is paid — some buyers pay their agent directly, and others share their commission with the seller (in NYC, this is called “co-broke”). When you work with a buyer’s broker, you must sign a contract that outlines their duties and stipulates your agreement.
You should ask prospective agents about their experience and expertise in the neighborhoods, buildings, and home types where you’re interested in buying. The more knowledge and understanding they have of NYC’s one-of-a-kind real estate landscape, the better. They should be able to explain the co-op, condo, and townhouse purchase process as well as the different types of buildings — classic six, new development, pre-war, mansion tax, and more.
Navigating the Property Market: Independent Buyers Agents Near Me Share Tips
YourAustralianProperty can educate you on neighborhood market breadth and recent sales, perform a valuation of the property to help you understand its fair market value, and connect you with other local professionals, such as mortgage lenders, home inspectors, and attorneys. They can also advise on your offer strategy and help you through the entire transaction, from touring properties to signing the contract at closing.
They can guide you through negotiations with the seller, advising you on whether to accept or decline a counteroffer and how much to offer. They can also explain and review the terms of the contract, answer your questions, and suggest other contingencies you may want to include based on their analysis of the property and its location.