Earn a NYC broker commission rebate on your purchase: http://www.hauseit.com/find-great-buyers-agent-nyc/
Finding a buyer’s agent in NYC will be the easiest part of your home search. From the moment you start searching for properties online, you’ll be bombarded with requests to help you with your search. However, finding a competent buyer’s agent you can trust and work with in New York City is a much more difficult prospect.
In this Hauseit tutorial, we explain the most important considerations when looking for a buyer’s agent in NYC. They include the following questions:
• Will your buyer’s agent offer you a NYC commission rebate? This can save you $10,000 or more on your NYC home purchase.
• Can you be sure your buyer’s agent won’t steer you away from listings which pay lower commissions?
• Can your buyer’s agent be trusted with your private financial information?
Onto the first question: Will your buyer’s agent offer you a NYC commission rebate?
The first test is to ask yourself whether any of these buyer’s agents has offered you a NYC buyer agent commission rebate for choosing them to represent you with the purchase. As of mid 2016, unrepresented buyers almost universally have not heard of home buyer commission rebates despite being fully legal and encouraged by the State of New York.
NYC broker commission rebates are fully legal: http://www.hauseit.com/nyc-broker-commission-rebates-legal/
The scale of this cover up by real estate agents is shocking considering the New York State Attorney General had to issue an open letter to the real estate community in April 2015 urging brokers and home owners to take advantage of recent changes in state law allowing commission rebates.
So why hasn’t your real estate agent ‘friend’ mentioned this to you?
Question number two: Will your buyer’s agent steer you away from lower commission listings?
Traditional buyer’s agents in NYC have been accustomed to earning 3% commission on virtually all listings in New York City.
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 to buyer’s agents such as 2.5% or even 2% for prime listings in Manhattan and Brooklyn.
Can your buyer’s agent be trusted to show you ALL listings which fit your search criteria, and not just the ones which are paying the buyer’s agent 3% commission?
The sad answer is that, based on what we’ve seen and heard, the answer is no.
It’s very hard to prove that your buyer’s agent is steering you away from lower commission listings. In most cases, the buyer likely has no idea that his or her buyer’s agent is unethical.
It’s really disappointing and all the more reason to find a trusted and proven buyer’s agent who is also comfortable offering you a NYC broker rebate, meaning that he or she is okay to work for something less than 3% and still offer top rated service.
Let us look at one recent example of unethical buyer’s agent behavior:
A buyer’s agent contacts the listing agent to confirm the co-broke amount on the listing. The listing agent responds to the buyer’s agent and confirms that the buyer’s agent commission is indeed just 2%.
The buyer’s agent responds by saying: “Sorry, our minimum buyer’s agent fee is 2.5% at this price point. We can’t work with your listing for just 2%.”
It should come as no surprise that the listing agent never heard back from this buyer’s agent or her unlucky client who likely had no idea that this unethical behavior was occurring.
Now, onto the third question: Can your buyer’s agent be trusted with your private financial information?
If your buyer’s agent is in your social network, would you be comfortable with this person having your detailed financial information including net worth, schedule of assets and liabilities and copies of your bank statements?
Wouldn’t it be more logical to work with a top rated buyer’s agent in NYC who has agreed in advance to provide you with a 33% buyer’s agent commission rebate at close?
Not only would you work with a professional agent associated with a reputable REBNY Member Firm, but you wouldn’t need to even bring up the topic of a commission rebate because it’s something which our affiliate buyer’s agent in NYC has already agreed to offer you!
All Hauseit affiliated buyers’ agents in NYC have professional backgrounds in fields such as finance, law, accounting or consulting. As a result, the professionalism and competence of our affiliate buyer’s agents in NYC will be leagues ahead of the typical real estate agent in NYC.
To secure your NYC commission rebate and work with a reputable, full-service buyer’s agent, contact Hauseit today.
Request a NYC broker commission rebate: http://hauseitreviews.com/buyer-agent-commission-rebate-nyc/