Hiring an experienced buyer’s broker in NYC who offers a discreet buyer agent commission rebate is the most important first step when buying a property in New York City. By hiring a seasoned buyer’s agent who offers a discrete buyer broker commission rebate, you will automatically save money on your deal and benefit from having an experienced negotiator and market expert on your side to navigate through the complexities of your NYC real estate deal.
Here Are 6 Reasons To Hire a Buyer’s Broker in NYC:
Reason #1: You will automatically save money by requesting a buyer’s broker commission rebate
An NYC buyer agent commission rebate is a discreet and automatic way to lock in savings on your purchase. A buyer’s broker can offer a commission rebate by legally sharing with you a portion of the commission the seller has already agreed to pay at closing. NYC broker commission rebates are completely legal and generally considered to be non-taxable income.
Reason #2: You will avoid a risky dual agency arrangement
Dual agency itself occurs when the same real estate salesperson or broker simultaneously represents both the buyer and seller in a transaction. Because the broker cannot provide undivided loyalty to either party, this arrangement increases your risk.
Reason #3: The services of a buyer’s broker in New York City are free
Sellers in NYC typically agree to pay the same total commission regardless of whether a buyer’s broker is involved in a deal. This means that the services of a buyer’s broker are already built into your purchase price.
Reason #4: You will negotiate more effectively and reduce risk
When you consider both the experience and knowledge advantages that a listing agent has over you, it’s not hard to see why an unrepresented buyer is usually unable to negotiate as effectively as a seasoned buyer’s agent. In addition, a NYC buyer’s broker with previous deal experience will more easily be able to identify and correct issues before they put your deal at risk.
Reason #5: Professional advice can increase your chances of a successful outcome
A seasoned buyer’s broker will have done a number of previous deals which are similar to yours. He or she will therefore be able to identify and resolve issues before they put your deal at risk.
Reason #6: New York City’s real estate market is complex
Buying and selling in NYC is much more difficult than in the rest of the country. If you are busy, a first time buyer, a foreign investor or buying a co-op, we suggest that you request a discreet commission rebate and work with a seasoned buyer’s agent.
Infographic Source: https://www.hauseit.com/should-you-hire-a-buyers-broker-in-nyc/