Why Use A Broker
If you are buying
Educated buyers move quickly!
They know they are in a race for the opportunity to purchase a desirable apartment. They are motivated and prepared. Smart buyers enter the market with their homework done and their finances in order. Following are some of the ways in which a broker can help you prepare for the important decisions you will face in tackling the sometimes confusing Manhattan market:
- Choosing where to live: Your broker can help you learn about transportation, schools, places of worship, and other important considerations when selecting an area in which to live. For an overview of the city's diverse neighborhoods and what they offer, see the Manhattan Apartments, Inc., Neighborhood Profiles.
- Financial overview: Your broker will help you evaluate your financial profile and establish a suitable budget. He or she can put you in touch with a mortgage broker who will provide you with the necessary information on mortgage rates and terms.
Once you've established a profile with your agent, he or she can also provide you with:
- Advance notice on new listing opportunities
- Knowledge of many Manhattan co-op boards, what their requirements are, and the personality or "climate" of many such buildings.
- Co-op building financials: In addition to helping you understand what to look for, your broker can obtain background financial information, by-laws, and other details about the co-op or condo that are important in evaluating your potential purchase.
For more information about shopping for and qualifying for co-ops and condos and evaluating a building's financial status, please see about coops and condos .