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What honest NYC realties do you know

Started by slavik189
over 14 years ago
Posts: 2
Member since: Jul 2011
Discussion about
Hi I am looking for people opinion on what are the honest real estate companies that don't use no bait and switch techniques or any other unethical method. I had a very bad experience with one of the companies. Thank you very much
Response by somewhereelse
over 14 years ago
Posts: 7435
Member since: Oct 2009

one day, and no response. I think that about sums it up...

;-)

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Response by jimendress
over 14 years ago
Posts: 14
Member since: Feb 2011

Try Absolute Properties

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Response by Squid
over 14 years ago
Posts: 1399
Member since: Sep 2008

What's with the double negative? You do realize that if you request a "realty" that "don't use no bait and switch techniques" you are actually asking for a someone who DOES use bait and switch, right?

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Response by buster2056
over 14 years ago
Posts: 866
Member since: Sep 2007

Hi, Slavik - it's probably more of a broker issue than a brokerage issue. Are you buying or renting? Renting is a lower margin business for brokers, so it may be harder to find great people, but either way, do a search in discussions or ask for recommendations - people have recommended brokers for both buying and renting.

If you are renting, you could also try nybits.com to look for broker-free listings.

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Response by MR17_5
over 14 years ago
Posts: 72
Member since: Feb 2011

get a referral from a friend or co worker...thats how a lot of my deals come from...

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Response by harlembuyer
over 14 years ago
Posts: 176
Member since: Dec 2010

I agree with buster, its more of a broker issue than a company issue.

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Response by bjw2103
over 14 years ago
Posts: 6236
Member since: Jul 2007

Yeah, if it ain't obvious by now, it's a broker-by-broker thing. Especially with the larger brokerages, you can get a scumbag in the same office as a brutally honest and helpful broker. If you're going to use one, I'd meet with at least a few before committing.

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Response by gcondo
over 14 years ago
Posts: 1111
Member since: Feb 2009

Nevermind all that "its a broker vs. brokerage" mumbo jumbo.

A broker is paid only if the transaction is completed.

This means that their interests may or may not be aligned with yours. That is to say, they will do anything to complete a transaction, even if it is not necessarily in your best interest. We could debate this point, but as someone who has dealt with many brokers on the buy and sell side, take my word for it.

My advice? roll up your sleeves and do it yourself.

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Response by Sunday
over 14 years ago
Posts: 1607
Member since: Sep 2009

"This means that their interests may or may not be aligned with yours."
That is true with any kind of relationship.

"...roll up your sleeves and do it yourself."
That does not mean you'll end up with the best result. I think it's important to do enough homework so that you know what to expect from both the service and pricing perspective. You can then better evaluate whether *it's worth* doing it yourself.

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Response by BigShotWith2i_s
over 14 years ago
Posts: 1
Member since: Jul 2011

I'm of the opinion that if you get a broker or not, you're going to pay the fee implicitly (with a higher rent) or explicitly (in the form of a certified check). Anyone care to comment that you're going to pay for it anyway when renting?

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Response by NYCREAgent
over 14 years ago
Posts: 156
Member since: Sep 2010

Management companies pay people in the office a cut of all the business each person brings into the company. That amount is absorbed into the monthly rent.

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Response by ascott PRO
over 14 years ago
Posts: 15
Member since: Nov 2009

Sotheby's is pretty good :)

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Response by Sunday
over 14 years ago
Posts: 1607
Member since: Sep 2009

Whether you pay more or less probably depends more on the amount of homework you do and your negotiation skills.

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Response by MAV
over 14 years ago
Posts: 502
Member since: Sep 2007

I am an owner who manages and rents my own apartments without any bait & switch, or anything dishonest.

There is no fee whatsoever for the tenant or the building.

Honest people and companies are out there...

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Response by gcondo
over 14 years ago
Posts: 1111
Member since: Feb 2009

Same here Mav... It is amazing what can be accomplished with a straightforward and fair approach. People appreciate that.

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Response by 123nyc123
over 14 years ago
Posts: 3
Member since: Jun 2011

MAV and gcondo - any nice 3 beds?

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Response by sledgehammer
over 14 years ago
Posts: 899
Member since: Mar 2009

An honest broker is a dead broker!

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Response by choumy
about 14 years ago
Posts: 2
Member since: Feb 2011

Using StreetEasy I've found 8 places that fit within my criteria and are priced about the same. I bought my current house with out a broker and was stunned by the difference -- $300.00 total using a real estate attorney. Can one keep brokers out when they have the listing? Or must the appartment be listed "for sale by owner"?

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Response by Rahel
about 14 years ago
Posts: 13
Member since: Jul 2011

slegehammer- I don't agree with your comment "An honest Broker is dead broker". That's old school.. I've dealt with some honest brokers. Don't generalize. It is not a fair assessment.

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Response by RonnieShumake
about 14 years ago
Posts: 17
Member since: Mar 2011

Who says I am dead? I may not be as wealthy as I would like, but six years in the biz and still breathing. The rental market has such a high paced turnover, "bait and switch" can actually happen due to the apartment renting in an hour or less. An ad is just that, an advertisement. An apartment is just that, an apartment. Looking online all day at pretty pictures is not going to get you the right apartment. Old fashioned shoe leather, with OR without a broker will.

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Response by perfectquarters
over 13 years ago
Posts: 3
Member since: Jun 2007

Using smaller brokerage firms you will find the integrity you seek and that's verifiable. Truth that's why many small boutique firms exist. Check them out. They are easier to find on social media. Btw you can't do your due diligence on a real estate agent by googling the phone number too, you'll see listings (productivity) and reviews on them.

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Response by Truth
over 13 years ago
Posts: 5641
Member since: Dec 2009

HUH?
I didn't ask.

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Response by Brooks2
over 13 years ago
Posts: 2970
Member since: Aug 2011

oxymoron

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Response by Rahel
over 13 years ago
Posts: 13
Member since: Jul 2011

The best way to find a good broker/agents is through referrals. I've worked with really good brokers who are professional and honest and some that are liars. I get my business through referrals. It is easier to work with people that come to me through referrals because there is trust and respect from the start. Follow your gut feelings. If you don't feel right about the person you are working with then go to someone else.

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