Manhattan Lofts - why use a broker

Why Use a Broker...if you're buying

New York is one of the most competitive cities in the world, and its real estate market is equally intense. At any given time, the vacancy rate in Manhattan averages around 2 percent and is much less for lofts.

New York City is the most competitive housing market in the country.

The decision to buy or rent a loft in Manhattan is an important and expensive contract to enter into. It binds you and possibly others into a multi-year obligation of money, responsibility, and lifestyle. With all of this in mind, the assistance of a licensed real estate broker can help you sort through legal and business considerations and give you the confidence to make the right decision.

Manhattan Lofts, Inc. is an experienced real estate brokerage firm. Its agents specialize in the loft real estate market and know the ins and out of the process. Whether you're buying, selling, or renting, they have their eye on the market daily. As well has serving as your advocate, they can negotiate on your behalf and guide you through the complexity and range of considerations you'll face in today's dizzying marketplace.

Educated buyers move quickly and have the edge!

How does working with a broker help to give you that edge?

They are aware that they are in a race for the opportunity to purchase a desirable loft. 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 to prepare for the important decisions you will face in tackling the Manhattan loft market:

Choosing where to live: Your broker can help you learn about transportation, schools, places of worship, social life and other important considerations such as trends and pricing when selecting an area in wh ch to live. For an overview of the city's diverse neighborhoods and what they offer, see the Manhattan Lofts, Inc., Neighborhoods.
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 lofts for sale before they are advertised.
Knowledge of many co-op boards, their requirements, 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 Where to start.