Trust us, it will pay off. They are your tour guide through the concrete jungle. It’s also FREE for buyers, since the Sellers are usually paying the commissions. Might as well, unless you want a Buyer’s Agent negotiating on your behalf!
Step 2: Get Pre-approved
Get a pre-approval letter based on your credentials from one of our Trusted Lenders or yours. It will provide a guideline for price range so you don’t waste your time. Make sure your funds are available and seasoned.
Step 3: Utilize Your Resources
Take advantage of technology while you do your research. You can find out a lot about a property from online. Brainstorm with your agent and try not to look at too many properties. It will only
confuse you! Narrow down your search results.
Step 4: Be Transparent
Be Selective and give your agent specific requirements. Share all your concerns with your Agent shamelessly! Trust me, they have heard it all.
Step 5: Put a Ring on it
“If you like it, you should put a ring on it!!” I am sure you have heard that before. Don’t delay in making offers, especially in NYC.
Step 6: Negotiation Strategies
The kind of market you are in dictates negotiating strategies. Studies have shown, If a market is slow and a property has been on the market for a few months, 8-10% below the listing price is a good bid to start with.
Step 7: Hire an Attorney
Hire an attorney to protect your legal rights! They are your lifesavers. Ask your agent.
Step 8: Hire an Inspector
Hire an engineer or inspector if you have any doubts about the property, BEFORE you sign the contract! Ask your agent for the recommendations.