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December 28, 2007
broker recs'
In the market in 2008 and would appreciate broker recommendations. Looking at 2br+ condos/coops and 2-4 family homes (if the price is right). We are particularly interested in the following neighborhoods: Prospect Heights, Prospect Lefferts, Sunset Park, Kensington, Clinton Hill.
Happy new year & thanks for the input!
Comments
NYC market is apartment driven, not broker. Find the place you like and deal with whatever broker happens to be representing that property.
Trying to get locked in with 1 broker will limit your options and get you nowhere.
Posted by: guest at December 28, 2007 2:50 PM
Agreed with 2:50. No such thing as buyer's broker in NYC. Search the listings on NY Times real estate section and visit individual brokerage sites (although they all advertise on NY Times), and even Craigslist. Don't bother trying to get a broker.
Posted by: guest at December 28, 2007 2:57 PM
It also gets weird if you find a place yourself and the selling agent is from company as your broker and you're in their DB already.
You feel like you need to ckeck in and let your broker know that you're looking at everything you see.
Bottom line, dont use one.
Posted by: guest at December 28, 2007 2:58 PM
Thanks for your comments. Let me clarify a bit: I understand NYC is nto like other markets in terms of need for buyer broker. I've also heard that Brooklyn residential real estate is not typically listed on MLS. I'm not looking to 'sign on' w/ an exclusive broker. In fact I'm interested in multiple neighborhoods and want to contact the 'go to' firm for each neighborhood. I've been relying on NYT, property shark and craigslist, and frankly it's been labor intensive and inefficient.
Posted by: rein08 at December 28, 2007 9:45 PM
Any and all listings that exist in Brooklyn will be covered by NY Times. That has been my experience. Just to cover my bases, I also search the websites of the small firms that specialize in specific neighborhoods, although, they also advertise on NY Times. If they don't, it's because the properties on their own websites are no longer available, and it's a bait & switch. With NY Times you should be 99.9% covered--all the "go to" firms that are legitimate advertise on it.
Posted by: guest at December 29, 2007 1:54 AM
You don't get what people who've been through this are telling you - there is no one (or two, or three, or four) go to firms for each neighborhood. The go to firms for you are whichever ones (and there will be many) that have listed an apartment (or house) you are interested in.
What, you think the broker process in NY exists to make the work for buyers less labor intensive and more efficient? Please...you'll soon see it is just the opposite. (They could do a Multiple Listing Service, as in other places, they just don't want to...you, the buyer, aren't their primary concern, and neither is the seller they purportedly represent.)
Posted by: guest at December 29, 2007 5:34 PM

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