Profile picture for zewave

Do I need a real estate agent to purchase a co-op?

I found a co-op I liked and contacted the agent on my own and scheduled with him to see the property. So if I like it and want to make an offer, should I get an agent for that? Can I use the same agent.
  • January 06 2009 - Brooklyn
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Answers (8)

no but you wold be a fool not to have an agent representing you
  • May 26 2011
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oops

  • May 24 2011
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January 06 2009

That was the date of the original posting.

Nearly two years ago.

Lets move on.
  • September 18 2010
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You don't have to have a buyer's agent to purchase a co-op apartment in New York City, but it can make the difference on whether you get that apartment or not, and at what price. 

An agent will not cost you any money because in our area, brokerages have entered into co-broke agreements with other agents. That is, they have agreed to share the commission that is already being paid by the seller. 

Any real estate agent can work for buyers instead of sellers, and most of us do both. 

An agent will help you with the all-important co-op board package, and will negotiate the best price and terms possible for you. 

If I can help you, please let me know. 

Karla Harby, VP
Charles Rutenberg Realty
Manhattan and Brooklyn   kharby@crrnyc.com






  • September 18 2010
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Get your own agent, a buyer's agent to represent you and your interests.
The listing agent represents and owes the Seller their loyalty and negotiates in the best interest of the Seller.

You also need someone who represents your interests, can give you advice, provide information.  Talk to real estate agents and find one that you can trust.

Best,  Jane Katz
  • August 23 2010
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Profile picture for lucho975
NYS gives buyers and option to work with a buyers agent.  You dont even have to pay for it, 99% of the times sellers will pay it.
  • February 02 2009
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I second Charles' answer. You may be able to use the listing agent, but you probably shouldn't. Have you met an agent along the way that you respect and like enough to put food on their table? If not, could a friend refer you to someone? You don't want the seller's agent telling you how to negotiate.
  • January 06 2009
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Depending on the state that you are in you can use the same agent.

I do not recommend it however.  A listing agent works for the seller and no matter how you present it that agent is always going to have some sort of bias towards the seller.  In other words how can they have the best interest of the seller as priority as well as the buyers.  The buyer does not pay the realtors so it is always best to get a realtor to represent you (buyers agent) that way they can negotiate on your behalf and be 100% in your corner.  Common sense tells you to protect yourself and your financial interests.
  • January 06 2009
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