Buyer's Beware!

As a buyer, you could select a property simply by calling the ads for apartments placed on most real estate company’s websites, Craig’s List or The New York Times.  However, a word of caution, most agents create ads solely to make the phone ring! Many of the apartments have some drawback that's not mentioned in the ad, such as traffic noise or lack of light. What's not mentioned in the ad is usually more important than what is. For this reason, you should be very careful when reading ads.

Remember that the person writing the ad is representing the seller and not you! The most important thing you can do is have someone on your side looking out for your best interests. Your own agent will critique the property with an eye towards how well it meets your needs and will point out any drawbacks you should know about. That is why you should pick an agent you feel comfortable with and enlist the services of that agent as a buyer's broker. Then you become a client with all the rights, benefits, and privileges created by this agency relationship, and you're no longer just a shopper. Did you know that many apartments are sold without an AD EVER BEING PUT IN THE PAPER? These great deals go to those people who are committed to working with one agent. When an agent hears of a great buy, who do you think they’re going to call-their client-who they have a legal obligation to work hard for. 

To get the best buy on a property, we always recommend that you hire your own agent and stick with them. At New York Residence, all of our agents are apartment owners and/or investors and well versed on how to find you a great apartment to live in and that will make you money in New York City real estate. We also specialize in investors from overseas looking to diversify or to just own their own home in NYC. All of our agents are bilingual or multilingual and some of the languages we speak are Spanish, French, German, Italian, Hebrew and Arabic.  Contact us today!