How Do I Find a Great Buyer’s Agent in NYC? https://www.hauseit.com/find-great-buyers-agent-nyc/
You can easily find a buyer’s agent in NYC, but finding an experienced buyer’s agent who will also offer you a NYC broker commission rebate is a much difficult prospect.
Here are the most important considerations when selecting a buyer’s agent in NYC:
Will your buyer’s agent offer you a NYC buyer’s broker commission rebate?
Requesting a NYC buyer agent commission rebate is the single most effective way to secure a discount when buying a property in NYC. Sellers have already agreed to pay the same total commission regardless of whether you have a buyer’s agent. By requesting a broker commission rebate, your buyer’s agent can share some of the commission with you which the seller has already agreed to pay.
Surprisingly, unrepresented buyers almost universally have not heard of home buyer commission rebates despite being frequently solicited by agents to represent them.
Before choosing a buyer’s agent, we suggest that you request a NYC broker commission rebate.
Request a NYC buyer’s Broker Commission Rebate: https://www.hauseit.com/nyc-broker-commission-rebate/
Will your buyer’s agent steer you away from lower commission listings?
Buyer’s agents in NYC are accustomed to earning 3% commission on virtually all listings. However, with the arrival of more cost-effective options for sellers such as Hauseit’s NYC FSBO product, it’s fairly normal to see lower commission splits such as 2.5% or even 2%.
Sell FSBO in NYC: https://www.hauseit.com/fsbo-nyc/
The reality is that not all buyer’s agents in NYC can be trusted to show you all the listings that fit your search criteria as opposed to just the listings that are paying 3% commission.
Is your buyer’s broker experienced?
Buying and selling real estate in New York City is much more complicated than in other parts of the country. There are several reasons why this is the case, including the added complications of submitting a NYC co-op board package and navigating the intense competition amongst buyers.
Having an experienced New York City buyer’s broker alongside you during the transaction can not only make the overall purchase process smoother but also in some cases save your real estate deal entirely.
Will your buyer's broker be discreet about the NYC commission rebate they offer you?
What if the listing agent and/or the seller becomes aware of the rebate you are receiving?
You do not want to risk the deal itself because the listing agent and or seller harbor resentment because they know you will be earning some of the broker’s commission!
The only way to receive a buyer agent commission rebate without risking the competitiveness of your offer altogether is to ensure that you are working with a discrete buyer’s broker who does not publicly advertise that they offer rebates to buyers.
Guide to Getting a Discreet NYC Buyer Agent Commission Rebate: https://www.hauseit.com/guide-nyc-real-estate-commission-rebate/
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