Michael Shapot, SVP
Associate Broker
Keller Williams NYC
425 Park Avenue 6th Floor
New York, NY 10022

Friday, May 25, 2012

What's It Really Like To Be A Buyer In Manhattan


Actually experiencing what my clients go through has been a total revelation. I have new appreciation for my clients’ angst while looking for a new home. The process has made me a better agent, but --- OUCH! It is really painful!

As an experienced agent, I know what to expect. Despite there being fewer surprises for me personally, the process remains difficult and archaic. Seeing the market from my family’s perspective has given me additional insight. Here are my observations:

Looking for properties on line is difficult - Don’t fall in love on line. On line listings that seem too good to be true usually are. Many are no longer available because they are not updated as frequently as they should be. Certain listing databases are better than others and unfortunately, there is not one truly reliable spot for buyers to search for accurate, up-to-the-minute listings. Once a buyer finds a listing, the fun begins. Why there are no uniform rules for measuring square footage is beyond me. Sellers and their representatives lie about square footage the way they lie about their ages and weight, except that square footage us almost always estimated high.