To all Brooklyn agents/brokers who will not co-broke
You are doing a disservice to the SELLERS you represent because not as many people will see the listing, and those that do will not be, on average, the kind of serious, quality buyers who tend to work through agents. Your listings, in many cases, languish for months unsold, listed only on your own website…
You are doing a disservice to the SELLERS you represent because not as many people will see the listing, and those that do will not be, on average, the kind of serious, quality buyers who tend to work through agents. Your listings, in many cases, languish for months unsold, listed only on your own website or, repeatedly, on Craigslist. (I think I have most of them memorized – if that were my property, I would so fire you.)
You are doing a disservice to the BUYERS who are not able to choose a buyer’s agent with whom they can build trust, and who will work on their behalf, get to know what they are looking for, set up showings, and shepherd them through the offer/contract/closing process. Instead, buyers have to jump from sellers agent to sellers agent, limited to the “exclusives†which make up the majority of their listings. And they are hardly interested in customer service or lasting loyalty.
And all because you want the entire commission all to yourself. Lame and selfish.
A higher commission would make co-broking possible. A slight increase in the price would make up the difference to the seller, and the difference is minimal for most buyers when it is broken down into monthly mortgage payments.
Your excuse about how evil and selfish the big name agencies are is a hollow farce – if you charged, say, 6% commission, you could co-broke with them just fine. (You would only get 3% instead of 4%? Oh, no! Now who is the greedy one? The point is, your property would sell faster, which benefits the seller you supposedly represent.)
Your other excuse about how you represent your community, grassroots, homegrown, little guy, local knowledge, blah, blah, is an even more ridiculous foil. You can still specialize in a particular area or property type AND co-broke. Then you would actually be working on behalf of the sellers in your area, not just SAYING you are.
I am not a broker/agent, and I have no allegiance to any of them. I am speaking from the perspective of an actual buyer with excellent credit and financials looking for an actual coop/condo to buy outside of the gentrified areas of Brooklyn – the very buyer you pray for. And, from where I sit, you people suck.
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Thanks again.
Yes you are. Why would any agent cobroke in a seller’s market. They’re not working for you. They’re working for the seller. In a seller’s market, it’s like shooting fish in a barrel. No need to co broke. So a few listings go unsold for a while. That’s not the trend. That’s the exception.
No, actually, I am not complaining about being a buyer in a seller’s market, which can be frustrating, but is a reality.
What you are complaining about is a seller’s market. You’re a buyer. You’re on the wrong side of the transaction and will get the short end of the stick in every step along the way.
“I have never experienced any difficulty at all with realtors.”
Um, great! Not sure what your point is. I am not talking about difficult realtors, I’m talking about realtors who do not co-broke.
“You state your price range is ‘reasonable,’ but I doubt it, or you would have already bought something.”
Again, my issue is not finding things in my price range – that has not been a problem. My point, which I will again stress, though I fear that you have some other agenda that is preventing you from actually hearing me, is that if a person were to work with a single buyers agent in areas not covered by the larger brokerages, they cannot LOOK at the the majority of the properties, no matter how numerous they are, that are in their price range because the majority of the independent brokers who list these properties do not co-broke.
I have purchased several brownstones outside the gentrified areas of Brooklyn (as you describe) and I have never experienced any difficulty at all with realtors. You state your price range is “reasonable,” but I doubt it, or you would have already bought something.
To address the last two commenters who somehow completely missed my point:
– No, the issue is not that we cannot afford to get what we want.
– No, we are not looking for a needle in a haystack. Our range and requirements are not unreasonable. This is not the issue. And I am confused by your advise to find a broker to work with who co-brokes. My point was that even if OUR agent co-brokes, nobody outside of the gentrified areas of Brooklyn co-brokes, so it doesn’t matter. There ARE no listings for them to “sort through” for me.
A broker here…..Some buyers like to blame the “system” for their not finding what they are looking for. Many buyers are looking for a bargain that just doesn’t exist. I have one, “customer,” that calls me weekly to know if we have any houses newly on the market for under $300k. And a handful of, “customers,” looking to find the same exact place, at the same exact price their friends bought a year or two ago. Good luck. You may find that needle in the haystack, but probably you will just exhaust yourself trying. Better if you are seriously looking to buy a home to invest your time in getting to know one of the brokers that does co-broke so they can use their time to sift through all the listings out there for you.
Honestly, I don’t understand what you people are complaining about.
I moved here a few years ago, bought a brownstone pretty quickly, and since then have bought several others.
You must not be able to afford the prices, or something. Don’t blame the brokers.