New York City Buyer’s Agent
As dedicated buyer agents at SPiRALNY, we help buyers find the perfect home in New York City while delivering best-in-class service. When you work with us, you’ll receive 100% loyalty, 100% of the time—with independent research, unbiased assistance, and strategic advice. Our singular goal at SPiRALNY is to help our clients buy the right property at the right price.
Navigating the complexities of the New York real estate market can be daunting. That’s why we offer two tailored buyer’s agent packages to suit your needs and budget:
- Light Package: Expert closing support, including price analysis, competitive offer preparation, and assistance with condo/co-op applications.
- Complete Package: Our full-service experience guides you seamlessly through every step of the buying process, from narrowing your search to securing the best deal, navigating board approvals, managing inspections, and closing. We’ll be your trusted advisor and advocate at every stage.
Here’s the good news: Despite the recent changes in real estate commissions, which were previously co-brokered prior to January 1, 2024, we’re pleased to inform you that our services remain largely unchanged. Across most of NYC, our services are available to you as the buyer at no cost.
For more information or to inquire about our services, please don’t hesitate to contact us.
The Cost of a Dedicated Buyer’s Agent
Starting January 1, 2024, a new law requires sellers to pay the buyer’s agent commission directly, changing the traditional practice of listing and buyer agents splitting the commission 50/50. Most sellers and listing agents recognize the value of working with a buyer’s agent to maximize exposure and typically offer to cover the full commission. However, if a seller offers to pay only a 1% commission, the cost to the buyer would be 1.5%.
Services We Provide at SPiRALNY
Curated Property Searches
We’ll help you identify properties that match your specific needs and preferences, saving you time and effort by narrowing the options. Our network also includes off-market properties that are not yet publicly listed.
Access to All Properties with Efficient Viewings
We schedule and accompany you to property viewings, offering expert advice and identifying potential issues with the properties under consideration.
Expert Property Insight and Feedback
With our deep knowledge of the local market, we provide invaluable insights to help you evaluate the condition of prospective properties and spot potential red flags.
Listing Price Analysis
We conduct thorough market research to determine the fair market value of properties, empowering you to make competitive and well-informed offers.
Strategic Offer Structuring and Presentation
Crafting an offer is an art. We ensure your offer is professionally structured and compelling, increasing the likelihood of seller acceptance—especially crucial for co-op purchases requiring financial disclosures.
Skilled Negotiations
Our expert negotiators work on your behalf to secure the best price and terms, ensuring your interests are fully protected throughout the process.
Mortgage Financing Assistance
We collaborate with your lender to help you secure the most favorable mortgage rates and terms.
Condo and Co-op Board Package Preparation and Submission
Navigating co-op or condo requirements can be challenging. We assist in preparing and submitting board packages, compiling necessary documentation, and guiding you through interview preparation to improve your chances of approval.
Property Walk-Through
We join you for the final walk-through to identify any outstanding issues. If necessary, we’ll coordinate with your attorney to address concerns or negotiate repairs before closing.
Post-Closing Support
Our commitment doesn’t end at closing. We’re here to assist you with any post-purchase needs, ensuring a smooth transition into your new home.
Personalized Service
At SPiRALNY, we understand that finding the right home or investment property takes time and careful consideration. That’s why we are here to simplify the process, handling all the complex steps and research so you can focus on what matters most—your goals.
As a member of the Real Estate Board of New York (REBNY), SPiRALNY has access to all New York City properties listed for sale, as well as off-market and coming-soon properties not yet listed in the RLS. When you work with a SPiRALNY buyer’s agent, you can be confident in finding your ideal home or investment.
Start with a free consultation with a SPiRALNY agent. Our team will take the time to understand your unique needs and preferences, creating a tailored search to find the property that matches your criteria. Once we’ve compiled a shortlist, your agent will guide you every step of the way, answering questions and offering expert advice.
What We Do
In New York City’s competitive market, representation matters. Whether you’re seeking a condo, co-op, or townhouse, having the right advocate on your side is essential. Many buyers mistakenly choose a sales agent or a part-time buyer’s agent, which can lead to conflicts of interest. Sales agents work primarily for the seller, aiming to secure the highest price and most favorable terms for their client. This dual agency structure may not serve your best interests as a buyer.
With a SPiRALNY dedicated buyer’s agent, you’ll have a professional whose sole responsibility is to represent you. Our agents are loyal to you and you alone, ensuring that your needs are prioritized and that you secure a property on terms that work in your favor.
This is precisely what SPiRALNY Luxury Brokerage provides: trusted, dependable agents who are dedicated to protecting your interests and achieving the best possible outcome for you.
How We Are Structured
SPiRALNY is a premier New York City real estate brokerage specializing exclusively in dedicated buyer representation. Our mission is simple: to serve and advocate for buyers 100% of the time.
Whether you’re a U.S. resident or an international investor, our experienced team has the expertise to find properties that meet your specific needs and negotiate favorable terms. As a REBNY member, we provide access to NYC’s most exclusive listings, giving you a broader selection to choose from and a competitive edge in the market.
With SPiRALNY, you can rest assured that you’re working with a team committed to excellence, loyalty, and results.
What is a Dedicated Buyer’s Agent?
A buyer’s agent simplifies the home-buying process, presenting all the facts about every property. At SPiRALNY, we exclusively represent buyers and do not handle sales listings. This ensures there is no conflict of interest when extending our services.
While buyer’s agents, like sales agents, earn a commission tied to the sales price, their fiduciary duty sets them apart. At SPiRALNY, our agents adhere to a strict Code of Ethics and Standards of Practice. This includes acting with diligence, professionalism, reasonable care, and undivided loyalty on behalf of our clients.
In short, a SPiRALNY buyer’s agent is legally bound to prioritize your best interests. We uncover and share all pertinent information to help you make informed decisions. Our seasoned agents perform comprehensive comparative market analyses to identify properties with excellent potential and negotiate the best possible terms—services you won’t find to the same degree with dual agents.
A Curated New York City Home Search
The New York City real estate market is vast, with countless listings to sort through. At SPiRALNY, our job is to identify properties with the potential to perform well long-term. While consumer platforms like StreetEasy are popular, they often require buyers to sift through hundreds of listings—many of which may not meet their needs.
To streamline the process, we start with a clear understanding of your wish list, preferred neighborhoods, and budget. From there, we curate a shortlist of properties that meet your criteria, focusing only on the most desirable options.
We handle everything from scheduling viewings to evaluating properties alongside you. During property tours, we discuss each option’s pros and cons, helping you make an informed decision. This personalized service saves time and ensures you find a property with great long-term value that perfectly aligns with your needs and budget.
We Analyze the Market and Comps
With decades of experience in the New York City real estate market, SPiRALNY knows exactly what to look for to uncover critical information. By utilizing real-time market data and cutting-edge tools, we position our clients to make informed and successful property purchases. Whether you’re buying a condo or co-op, we meticulously assess relevant like-kind comps and adjust for market trends, ensuring you always pay the right price. To learn more, explore how our comparative market analysis works.
Submit Offer Strategies
At SPiRALNY, we create an in-depth comparative market analysis (CMA) report that, combined with real-time considerations, positions your offer for success. Our detailed report includes:
- A fair value estimate
- Recommended offer price
- Strategic negotiation guidance
With this information, you’ll be in the best position to make an informed and competitive offer.
Expert Negotiators
Most properties in NYC are represented by listing agents who act on behalf of the seller. Without your own representation, you may face dual agency, where the listing agent balances their duties to both the buyer and seller—but ultimately remains loyal to the seller.
At SPiRALNY, we act solely in your interest. Our buyer’s agents handle negotiations on your behalf, ensuring that counter-offers, bidding wars, or other complexities are managed strategically. A skilled SPiRALNY agent understands the neighborhood, the market’s current dynamics, and, in some cases, the seller’s motivations, giving you a competitive advantage.
It’s important to note that in NYC, sale contracts are non-binding until both parties have signed. Sellers reserve the right to be the last to sign, which means that even a verbally accepted offer can be overturned if a better one comes along. Having an experienced SPiRALNY agent by your side ensures you are well-prepared for any potential setbacks.
Professional Sundry Services
The home-buying process involves several professionals, including mortgage brokers, real estate attorneys, home inspectors, and contractors. At SPiRALNY, we connect you with the best resources to make the process seamless and cost-effective, helping you move smoothly from offer to closing day and beyond.
Unwavering Advocacy for Buyers
At SPiRALNY, we are committed to providing undivided loyalty to our clients. Our agents work tirelessly to secure the best price and terms for you, offering the expert advice and guidance needed to navigate one of life’s most significant decisions.
In compliance with New York State regulations, SPiRALNY agents disclose their agency relationship, ensuring clarity about rights and obligations. Unlike other firms, we do not list properties for sale, making SPiRALNY one of the few firms in Manhattan eligible for membership with the National Association of Buyer’s Agents.
Help You Overcome Setbacks
Challenges during the home-buying process are not uncommon. For example, an inspection may reveal issues that require addressing. Your SPiRALNY agent will guide you on how to proceed, renegotiate terms if necessary, and keep the process on track. Should negotiations stall, you’ll have the reassurance of a dedicated advocate standing by your side to represent your interests.
Emotional Filter
Buying a home is a highly emotional process. The excitement, stress, and anticipation can sometimes cloud judgment, leading to impulsive decisions. At SPiRALNY Luxury Brokerage, we act as your impartial guide, helping you objectively assess the pros and cons of every property to ensure you stay focused on what matters most.
Not All Buyer’s Agents Are Equal
While working with a dedicated buyer’s agent offers immense advantages, it’s important to remember that not all agents are the same. To ensure the best outcomes, choose an agent who prioritizes your interests above all else. At SPiRALNY, our agents deliver 100% loyalty and professionalism to each client.
When selecting a buyer’s agent:
- Verify their credentials and accreditations.
- Confirm their sole dedication to buyer representation.
- Ensure compatibility, as you’ll spend considerable time working together.
What to Expect When Hiring a Buyer’s Agent in NYC
Buying a home in New York City is unlike anywhere else. The high stakes, competitive inventory, and unique co-op and condo systems require expertise and dedication. At SPiRALNY, our buyer’s agents navigate these complexities for you, ensuring a smooth and successful process.
Here’s what we offer:
- Expert guidance on selecting properties with strong long-term value.
- Negotiation skills to secure the best price and terms.
- Tools and calculators to prepare for co-op or condo board approvals.
Determining Seller Motivation
Understanding a seller’s motivation can be a game-changer in negotiations. SPiRALNY agents analyze key factors, such as:
- Whether the seller is under financial pressure.
- The urgency of the sale (e.g., pending foreclosure or a move).
- Whether the property has been on the market for a significant time.
Assessing Current Market Conditions
Real estate markets are ever-changing. SPiRALNY agents stay at the forefront of NYC market trends, using real-time data and firsthand experience to guide your decisions. By evaluating current conditions beyond historical data, we help you capitalize on market opportunities and avoid pitfalls.
Property Condition and Value
SPiRALNY thoroughly evaluates property and building conditions, considering:
- Structural integrity, electrical systems, and plumbing.
- Owner-to-investor ratios within the building.
- The age and profile of the building.
For renovations, we assess whether upgrades like modern kitchens or bathrooms add tangible value or if further improvements are necessary.
Comparative Market Analysis
At SPiRALNY, we rely on a Comparative Market Analysis (CMA) to determine a property’s fair market value. This involves reviewing:
- Recent sales of similar units within the building or neighborhood.
- Factors like square footage, floor level, natural light, and amenities.
- Trends in listing prices for comparable homes.
Who Pays the Buyer Agent Commission?
Traditionally, a buyer’s agent’s commission is factored into the property’s sales price. However, as of January 1, 2024, sellers can now determine the buyer’s agent commission percentage. If the seller offers less than 2%, SPiRALNY may require buyers to pay the difference for our services.
Despite this, our mission remains the same: securing the right property for you at the best price. Satisfied clients are at the heart of our business, and we aim to exceed expectations in every transaction.
Relationships Matter
In the real estate industry, reputation and relationships are paramount. At SPiRALNY, we focus on building long-term client connections, understanding that referrals and trust are far more valuable than a single transaction.
What If I Represent Myself?
While you can represent yourself, the risks often outweigh the benefits. A seller’s agent is contractually obligated to prioritize the seller’s interests. Their role is to secure the highest price with minimal disclosure to the buyer.
By contrast, SPiRALNY’s buyer’s agents provide:
- Full disclosure of all relevant property details.
- Negotiation expertise to protect your financial interests.
- Comprehensive support throughout the buying process.
At SPiRALNY Luxury Brokerage, our unwavering commitment to your success ensures a smooth, rewarding real estate journey. Trust us to be your dedicated partner in NYC’s dynamic real estate market.