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buying a home: frequently asked questions

Few things define or even create us more than the place we call home. It is the cradle of our lives and in some ways, a benchmark for our achievement. Investing in real estate can be a path to accumulating wealth, and provides a basic necessity too. I'm privileged to work on a dedicated basis with my customers. No matter what the price, every home purchase is a big one for the people involved. I never loose sight of that.

so how does working with a broker benefit me?

  • Saves you time both on-line and on foot
  • You’ll be informed up to the minute about the newest homes and the pulse of the market
  • Gives you a competitive edge when bidding on desirable homes
  • Provides valuable guidance at every decisive step

should I have a broker from every real estate firm, so that I don’t miss anything?
As a Corcoran agent I’m able to show just about any property on the market. We co-broke with other agencies, sponsors and private owners. Your call to me is all you need, to get information and an appointment to visit any available home.

but what about other companies’ exclusives; can you show them to me?
Yes, absolutely. An exclusive listing means that the seller of the property is represented exclusively by the “listing broker”. As a buyer represented by me as a Corcoran agent, you will have access to all of the other agencies' exclusives too, just as they have access to Corcoran’s complete portfolio. You will not miss out on anything. Corcoran's property data is updated daily and contains virtually everything available.

isn’t it better to deal directly with the listing broker on properties?
A listing agent has a responsibility to the seller to obtain the highest and best possible price for a property they represent. They owe buyers honest dealings, but are contractually representing the seller’s interests. In negotiating, they deal the cards, and see your hand too. A listing broker must transmit all offers to the seller promptly. The owner makes decisions about which one to accept. The system is designed to be co-operative, fair and equitable for all participants. Having professional guidance during those critical moments of negotiating a deal, can make a real difference in your success.

what about sunday open houses?
It’s a great way to see many properties. I show properties throughout the week and on most Sundays, and prefer to escort my customers to appointments and open houses. When schedule conflicts don’t allow me to join a buyer, I may set up a self-guided Open House Tour, and pre-register them at the properties they wish to see. Writing my name on the sign-in sheet as your broker, is a courtesy to the agents working at the open houses. It tells them that I work for you, should you choose to make an offer on anything you've seen.

do I have to pay peter a broker fee?
No, buyers do not pay. The seller pays commission on sales.

once I see a perfect apartment, what happens next?
I will transmit a well written offer on your behalf, and proceed to advise and negotiate, as per your instructions.

what services can I expect from my broker?

  • Presenting properties and scheduling

  • Find a mortgage broker to help arrange financing and provide a pre-qualification letter—an important component of any offer today.

  • Put together a strong offer package that’s competitive in the market.

  • Negotiate the price and terms of the sale.

  • Help you find a NYC attorney to represent you.

  • Assemble the best possible board package to qualify you for acceptance.

  • Advice and coaching for a co-op board interview.

  • Preparing you for the closing.

is there a buyer’s agreement with peter comitini?
Put another way: What should we expect from each other? In addition to everything mentioned above, you should expect me to be knowledgeable, accessible, available, accountable, and to work hard for your business. I expect you to be fully engaged in the process; and if we begin working together, I will ask for your loyalty in using me as your representative. Searches in which I participate are an important moment in people’s lives. I take them very seriously. Consider giving me a call at 212.444.7844 if dedicated, excellent service is important to you.

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