Choosing which real estate agent to work with when selling or buying a New York City property is crucial as it will directly affect the results of the transaction and can work either on the client’s favor or to their disadvantage. Listed below are the top 3 things to look for in a NY real estate agent, as well as a few other practical tips for hiring the best Realtor in the city.
Experience
New York City is a veritable real estate haven and it is also where some of the best realtors thrive. Those who are looking to buy or sell a property should pick someone who has extensive knowledge in making deals and managing negotiations. Experienced real estate agents are the ones who will most likely help clients to get a better deal, whether they are unloading or acquiring a property.
Experience does not only refer to the number of years working as a real estate agent. In fact, there are a number of younger brokers who are just as experienced, especially in terms of specific areas in New York City. Some Manhattan brokers, for instance, are particularly versed with the properties in specific areas such as West Village, Upper East Side, Upper West Side, Financial District, and SoHo. This is very important when choosing which broker to work with since expertise in specific residential areas can be a huge advantage.
Experienced brokers know all the comps (comparables) in the immediate vicinity, which would give clients a clear picture of how much they will likely spend (buyers) or get (sellers) for a property.
Excellent Rolodex of Contacts
Real estate agents live and die by the connections and contacts they make in the normal course of their career, which is why it is always smart to hire a broker who has a rolodex full of valuable contacts including other brokers and potential clients. The more people a broker knows, the better chances for the client/s to find just the right type or property (if buying) or buyer for the apartment they are trying to sell.
Clients who can find a broker who has excellent relationships with other brokers and other prospective clients can expect excellent results regardless of what the prevailing trend of the market is at any given time.
Excellent Negotiation Skills
Regardless of whether you are selling or buying a property, it is necessary to work with a broker who can negotiate well in order to get the most favorable outcome for his/her client. Negotiation tactics in real estate vary, and while there are certain rules as to what a broker can and cannot do when negotiating for a client, creativity is of utmost importance.
A tough negotiator knows not only how to get the best price for a property, but also when to take the deal and run away with it. Some real estate brokers are referred to as “sharks” when in fact most of them are merely effective negotiators who can get their
