In an early blog post back in July of 2006, (July 2006- creating-my-blog.html) I told readers my blog's mission. I wanted to create a transparent blog about buying and selling Real Estate in Manhattan because the New York City housing market is so unique. Buying and selling a home in NYC is very different and more complex than any place else in the country. Generic real estate information was proliferating online that was not relevant to NYC housing.
Cooperative apartment ownership is the primary form of home ownership in New York City. Co-op ownership requires submitting a comprehensive Board application (called a Board Package), being interviewed by the Board, and being approved. Helping a buyer pass a coop board is an important skill needed by the agent. A skill developed from training, experience and knowledge of a particular building.
At the time I started this blog in 2006 there was a cottage industry emerging of companies called "lead generators" third party lead generator sites and traffic aggregators from out of state. Some had actual broker's licenses and received referral fees but many were masquerading as Manhattan real estate brokers on the Internet through paid search and keywords sending consumers to their anonymous landing pages that captured their information that they forwarded to agents that paid for the leads.
Beware when searching for a listing. The so-called "agent expert" "for information" may not be an expert at all. They purchased the right to your contact information buy purchasing "impressions" for a particular zip code.
You should do some research in order to find and work with a good buyer's agent. An experienced knowledgeable agent with specific neighborhood and building experience. There are many good agents in NYC that are REBNY (Real Estate Board of New York) members that can represent you that don't advertise or purchase "impressions" on other broker's listings in order to find buyers. *
Craiglist - No broker fee and bait and switch Craig Newmark the founder of Craigslist left a comment:
Hey, please help me out and quote me right.
I've pointed out that I've been working on this for a few years, and have handled thousands of cases.
I've kicked off many unethical agents, have handled a few such cases already.