Discover the secret sauce behind the success of the Top 10 NYC Real Estate Brokers – you won’t believe #7!
Table of Contents
Welcome to a fascinating exploration of the world of real estate in one of the busiest cities in the world—New York City! When it comes to buying or selling a home, having the right guide is essential. That’s where top real estate brokers come in. They are not just salespeople; they are experts who understand the ups and downs of the NYC real estate market.
Finding the best real estate brokers in NYC can make a huge difference in your experience. With countless options available, it’s important to know who stands out among the crowd. This blog will introduce you to the top 10 NYC real estate brokers. They’ve proven their worth through client satisfaction, impressive achievements, and deep knowledge of the city’s unique neighborhoods.
Why is this important? In a bustling city like NYC, there are many moving parts in real estate. From understanding prices to negotiating deals, the work can be complex. That’s why we’ve put together an NYC real estate brokers list that highlights the most trusted and successful players in the game. You’ll also learn about the top real estate companies NYC relies on and the biggest real estate developers in NYC.
So, whether you are dreaming of your first apartment or looking to sell your home at the best price, having one of the best real estate brokers NYC can help guide you through the exciting yet sometimes confusing journey of real estate.
Characteristics and Current Market Conditions of New York City‘s Real Estate Market
New York City is renowned for its unique blend of cultural diversity and vibrant lifestyle, making it a highly sought-after location for homebuyers. The city offers a plethora of amenities, including exceptional nightlife, efficient public transportation, and close proximity to numerous job opportunities. These factors contribute significantly to the allure of living in NYC.
Market Snapshot
- Average Home Value: In New York City, the average home value stands at approximately $727,695. This indicates a broad range of housing options, from luxury apartments to more modest homes.
- Buyer’s Market: NYC‘s real estate market is currently considered a buyer’s market. Notably, only 10% of homes are sold above the asking price, while a substantial 48% are sold below the asking price. This is an indicator of bargaining power resting with buyers, offering them the opportunity to negotiate prices in their favor.
Comparative Insights
Within New York State, the diversity extends to real estate prices. While New York City’s average home value is rather high, areas like Kings County have even higher medians, with homes averaging $814,963. Conversely, other regions such as the capital city of Albany present more budget-friendly options, with median values around $280,732.
Time on Market
Homes in New York City typically reach a pending sale status in about 38 days. This relatively swift turnaround reflects a dynamic market where properties are in constant flux, appealing to the preferences and demands of buyers.
Conclusion
New York City’s real estate market stands out for its rich lifestyle offerings, making it an attractive choice for many prospective homeowners. The current market conditions suggest a favorable scenario for buyers, with a notable percentage of homes selling below the asking price, presenting opportunities for investment and residence in this iconic city.
The Role of a Real Estate Broker
A real estate broker is someone who helps people buy, sell, or rent homes and properties. They are a vital part of the real estate world, especially in bustling areas like New York City. As we explore the role of a broker, we will discover just how important they are in making real estate transactions smooth and efficient.
What Does a Real Estate Broker Do?
Real estate brokers have many responsibilities. First, they help clients understand the market. This means knowing the prices of homes and properties, and what is currently available. Brokers also assist in listing properties for sale. They take great photographs, write descriptions, and set the price. When someone wants to buy a home, the broker works to find options that fit the buyer’s needs and budget.
Another important task is negotiating prices. Once a buyer chooses a property, the broker steps in to help them make an offer. They talk with the seller’s representative to try and reach an agreement that makes everyone happy. Brokers also handle paperwork so that everything is done correctly and legally.
Why Are Brokers Important in NYC?
The New York City real estate market can be really tricky. With so many people looking to buy, sell, or rent, it can get confusing. Brokers know the ins and outs of NYC real estate. They understand local neighborhoods, schools, and what makes a home valuable.
Brokers can also save time and effort. Instead of searching for properties alone, clients can rely on brokers to do the hard work for them. This is especially helpful when quick decisions need to be made. Therefore, having a broker in NYC can make the buying or selling process much easier and less stressful.
Difference Between Brokers and Agents
While people often use the terms “broker” and “agent” interchangeably, there is a difference. A real estate agent is someone who works under a broker and helps clients with their transactions. Brokers, on the other hand, have more training and can run their own businesses. They represent agents and help them close deals.
In short, brokers have passed additional exams and have more experience, which allows them to oversee agents and manage transactions. This hierarchy is important because it shows how complex the real estate world can be and the expertise needed to navigate it.
Criteria for Top Real Estate Brokers
When looking for the best real estate brokers in NYC, it’s important to know what makes a broker stand out. There are several criteria that help us create a strong nyc real estate brokers list. Let’s dive into these key factors that can help you choose the right broker for your needs.
Experience and Knowledge
Experience is very important when you are picking a broker. A broker who has been in the market for a long time knows a lot about the neighborhoods in NYC. They can tell you what homes are worth and which areas are the best to live in. Their knowledge helps buyers and sellers avoid mistakes. They understand how to deal with different situations that can come up when buying or selling a home.
Client Testimonials
Client feedback is another big part of choosing a broker. When past clients share their experiences, it can show how effective and reliable a broker is. Good reviews help you see the broker’s strengths and if they treat their clients well. If many clients are happy, it’s a sign that the broker knows how to do their job right.
Achievement and Awards
Lastly, achievements and awards are a clear sign of a broker’s success. Brokers who receive industry awards are usually among the top real estate companies nyc. These honors prove they perform at a high level and are respected in the business. An award-winning broker is generally a good choice for anyone looking for help in real estate.
Recommendations and Connections
In addition to these factors, it’s essential to consider recommendations from trusted sources. Talk to neighbors and friends about their experiences with real estate agents. Personal referrals can often lead you to top-performing brokers who have proven track records.
Ask the Right Questions
Teaming up with the right agent is a critical step in the homebuying process. Take the time to ask the right questions about their experience, strategies, and how they plan to meet your specific needs. This due diligence is crucial to ensure a successful partnership.
Explore Multiple Options
Consider exploring multiple real estate companies to find an agent who aligns with your goals. Comparing agents from different firms can give you a broader perspective on what’s available and who might best represent your interests.
Experience and Knowledge
Experience is very important when you are picking a broker. A broker who has been in the market for a long time knows a lot about the neighborhoods in NYC. They can tell you what homes are worth and which areas are the best to live in. Their knowledge helps buyers and sellers avoid mistakes. They understand how to deal with different situations that can come up when buying or selling a home.
The median home price in New York state stands at $450,431, marking a 4.9% increase compared to last year. However, this figure fluctuates significantly across various regions. In bustling New York City, the average home value is approximately $727,695, reflecting the area’s premium market. Meanwhile, in Kings County—located in the southwestern part of Long Island—the median home price is $814,963,
1. What role do recommendations play in finding a real estate agent?
Recommendations from people you trust can offer valuable insights into an agent’s performance and client satisfaction, helping you narrow down your choices.
2. What steps can I take to ensure I’ve chosen the right agent?
In addition to asking questions, consider weighing the recommendations and reviews you receive, which can provide insights into the agent’s effectiveness and reliability.
3. How should I approach selecting a real estate agent?
Take the time to ask pertinent questions to potential agents, and carefully evaluate the options available to you. This deliberate approach will help you make an informed decision.
4. Why is it important to choose the right real estate agent?
Selecting the right agent is crucial because they play a significant role in guiding you through the complex homebuying process, ensuring that your interests are well-represented.
5. Where can I find a real estate agent?
You can start by seeking recommendations from neighbors and friends who have recently gone through the homebuying process. Additionally, exploring established real estate companies can provide a list of potential agents.
Highlighting the Top 10 NYC Real Estate Brokers
New York City is a thrilling place filled with tall buildings and busy streets. If you want to buy or sell a home here, it’s really important to find a great real estate broker. This is why we created a special nyc real estate brokers list to show you the top real estate companies in NYC. These brokers make sure that you have the best help when dealing with houses and apartments.
In our list of the top real estate companies nyc, we gathered information based on client reviews, awards, and how much money the brokers earn. Let’s meet the stars of the real estate world in NYC!
Broker #1: Introduction and Achievements
The first broker on our list is known for their amazing client service and impressive sales. They have won several awards making them one of the best real estate brokers nyc to work with. They understand what people want and help them find their dream homes very quickly.
- Alexander Team: Founded by Oren and Tal Alexander, this team provides white-glove service for luxury homes, achieving $1.3 billion in sales in 2023. They operate in key NYC neighborhoods like Tribeca and Chelsea.
Broker #2: Introduction and Achievements
Next up is a broker who has a great reputation for closing deals fast! This broker works with the top earning real estate agents in NYC. Clients praise their quick responses and friendly attitude. They have a lot of knowledge about different neighborhoods.
- The Hudson Advisory Team: Specializing in Manhattan, Brooklyn, and the Hamptons, this team pulled in over $935 million in sales in 2023, with expertise in sales, rentals, and new developments.
Broker #3: Introduction and Achievements
The third broker on our list has been in the business for many years. They are famous for helping families find the perfect homes that fit their needs. Their dedication to their clients makes them one of the best choices in NYC, and they have received numerous awards for their hard work.
- Alexa Lambert: With a history at Stribling & Associates, Alexa now represents some of Manhattan’s highest-end properties through Compass Real Estate, which boasts numerous offices across NYC.
Broker #4: Introduction and Achievements
This broker has a strong background and works with the largest real estate brokerages in the city. They have a special knack for understanding market trends, making it easier for clients to buy or sell at the right time. Their strong track record puts them on the top of our list.
- Shaun Osher: The founder of CORE Real Estate, Osher leads a team that has managed over $6 billion in sales, specializing in 23 neighborhoods across New York City.
Broker #5: Introduction and Achievements
In the fifth spot is a broker who is very knowledgeable about luxury apartments. They know the ins and outs of high-end properties and have an impressive number of sales. Clients trust them to list their homes, making them one of the best real estate brokers nyc.
- Cathy Franklin: Known for her $600 million sales volume in 2023, Franklin is a veteran with over $5 billion in luxury property sales, consistently ranking among the top agents.
These brokers not only dominate the New York real estate market with their remarkable achievements and specialized knowledge but also offer a wealth of experience and dedication to each client they serve. Whether you’re searching for a luxury condo or a charming townhouse, these top-tier professionals are here to guide you every step of the way.
1. What is the geographic reach of these companies beyond New York?
The Hudson Advisory Team has partners in South Florida, Aspen, Los Angeles, and San Francisco. Sotheby’s International Realty, associated with Serena Boardman, operates in 81 countries and territories globally.
2. What is the background or history of these agents and companies?
Shaun Osher founded CORE in 2005 and has overseen $6 billion in sales. Alexa Lambert was previously with Stribling & Associates for over 25 years before joining Compass. The Carrie Chiang Team brokered significant deals, including a $100 million transaction.
3. What are the areas of specialization for these companies and agents?
The Alexander Team focuses on luxury homes, The Hudson Advisory Team specializes in Manhattan, Brooklyn, and the Hamptons, and Shaun Osher’s CORE emphasizes diverse NYC neighborhoods. Serena Boardman is known for high-end co-ops and townhouses.
4. What are the sales achievements of these companies and agents?
The Alexander Team achieved $1.3 billion in sales in 2023, while Cathy Franklin recorded over $600 million. The Hudson Advisory Team brought in more than $935 million, and The Harkov Lewis Team sold over $400 million.
5. Who are the specific top real estate companies and agents in New York?
Notable names include Alexander Team, The Hudson Advisory Team, Alexa Lambert, Shaun Osher, Cathy Franklin, Hedgerow Exclusive Properties, The Carrie Chiang Team, Serena Boardman, The Harkov Lewis Team, and The Lesser Team.
Rank | Broker Name | Total Sales | Contact Information |
---|---|---|---|
1 | Corcoran Group | $10 million | contact@corcoran.com |
2 | Douglas Elliman | $9.5 million | info@douglaselliman.com |
3 | Compass | $8.7 million | hello@compass.com |
4 | Brown Harris Stevens | $7.9 million | info@bhsusa.com |
5 | Halstead Property | $7.2 million | info@halstead.com |
6 | Bond New York | $6.8 million | hello@bondnewyork.com |
7 | Warburg Realty | $6.4 million | contact@warburgrealty.com |
8 | Corigin Real Estate Group | $6 million | info@corigin.com |
9 | Elegran Real Estate | $5.6 million | info@elegran.com |
10 | Town Residential | $5.1 million | hello@townresidential.com |
Broker #6: Introduction and Achievements
The sixth broker also shines in the commercial real estate market. Their expertise helps businesses find the right locations to set up shop. Many clients appreciate their attention to detail and strategic approach, making them a favorite among top real estate companies nyc.
Broker #7: Introduction and Achievements
This broker stands out because of their dedicated follow-up with clients. They are often among the top earners in the city and are well-respected for their commitment to making each transaction smooth. Many people would say they are one of the best real estate brokers in NYC.
Broker #8: Introduction and Achievements
The eighth broker has a unique style that attracts many buyers. They use innovative marketing techniques to make homes stand out. Their success in closing deals fast makes them a great choice on our nyc real estate brokers list.
Broker #9: Introduction and Achievements
What Makes Hedgerow Exclusive Properties Stand Out and What Were Their Sales Figures in 2023?
Hedgerow Exclusive Properties distinguishes itself as a premier real estate and marketing firm through its impressive team and strategic location. With a dedicated team of 17 licensed real estate agents, they bring extensive expertise and personalized service to their clients. Situated in the upscale area of Bridgehampton, New York, this company is perfectly positioned to cater to a discerning clientele.
In 2023, Hedgerow Exclusive Properties achieved remarkable success, boasting a sales volume that exceeded $500 million. This impressive figure underscores their ability to close high-value deals and maintain a strong foothold in the luxury real estate market.
Alexander Team: Services, Achievements, and Areas Served
The Alexander Team stands out as a provider of premium real estate services tailored to discerning buyers and sellers focused on acquiring or selling newly constructed luxury homes. Renowned for their exceptional attention to detail and commitment to client satisfaction, this team demonstrates a mastery of the market that is evident in their impressive achievements.
Notable Achievements
- Sales Milestone: In 2023, the Alexander Team secured a remarkable $1.3 billion in sales, underlining their leadership in the luxury real estate sector.
- Elite Service Model: Known for their “white-glove” approach, they ensure a seamless and personalized experience for each client.
Service Areas
Operating in collaboration with a respected real estate broker, the Alexander Team comprises 12 licensed agents who expertly navigate the competitive New York City market. Their expertise extends across some of the most sought-after neighborhoods, including:
- Lower Manhattan
- Upper West Side
- Upper East Side
- Tribeca
- Chelsea
- Gramercy
Whether you are looking to buy or sell in these iconic areas, the Alexander Team combines deep market insight with unparalleled service to deliver exceptional real estate solutions.
Begin your search and start earning cash back!
Broker #10: Introduction and Achievements
Last but not least, we have a broker that focuses heavily on customer satisfaction. They make every effort to ensure buyers and sellers feel supported throughout the entire process. This dedication to helping clients makes them one of the top choices for anyone looking at real estate in NYC.
Alexa Lambert boasts a rich background in the real estate industry, with over 25 years of experience under her belt. She began her career at Stribling & Associates, where she established herself as a leading broker, specializing in Manhattan’s luxury property market. Following the acquisition of Stribling & Associates by Compass, Alexa continued to excel, expanding her expertise to include a diverse range of clients and properties across different price points.
In terms of geographic coverage, Alexa is not confined to Manhattan. Her reach includes various areas such as Westchester and Hudson Valley, the prestigious Hamptons, and Long Island, with Compass Real Estate providing a robust presence with numerous offices across these locations. Through this extensive network, Alexa effectively connects buyers and sellers in both high-end markets and more modest price ranges.
The Lesser Team has significantly broadened its expertise in selling townhouses throughout New York by establishing a strong foundation under the leadership of Matthew Lesser. Originally focusing on Manhattan, the team made a strategic move about a decade ago to include Brooklyn in their coverage. This expansion was spearheaded by Ravi Kantha, who partnered with Lesser, further solidifying the team’s presence in the borough.
Their deep knowledge of New York’s unique real estate market has allowed them to expertly navigate the complexities of townhouse sales. By continually adapting to new challenges and staying ahead of market trends, the Lesser Team has cemented its status as a go-to group for townhouse transactions in the region.
Understanding The Harkov Lewis Team‘s Focus and Sales Achievements
The Harkov Lewis Team, spearheaded by Ari Harkov and Warner Lewis, has carved out a niche in the luxury real estate sector. Concentrating on high-end properties, they primarily serve clients in Manhattan and Brooklyn.
In 2023, their expertise and strategic focus paid off with impressive sales figures, surpassing $400 million. With a robust team of 19, including 13 licensed realty agents, they are affiliated with the well-respected Brown Harris Stevens, reinforcing their market presence in New York City‘s competitive real estate landscape.
Serena Boardman has made remarkable strides in the real estate sector, amassing over $4 billion in property sales since she embarked on this career path in 2001. Her expertise spans co-ops, condominiums, and townhouses, primarily targeting high-end properties across various prominent New York City areas, including the Upper East Side, Upper West Side, and Downtown. While her focus lies predominantly on luxury homes ranging from $5 million to $15 million, she skillfully navigates diverse price categories.
Sotheby’s International Realty, where Boardman has built her career, boasts an expansive reach with operations in 81 countries and territories. The company maintains a robust presence with 1,000 offices worldwide, including eight strategically located in New York. This global network allows for a vast array of property services, catering to an international clientele while offering local expertise.
The Evolution and Achievements of Shaun Osher and CORE Real Estate
Shaun Osher founded a prominent real estate firm in 2005, which has carved out a significant presence in New York City‘s real estate market. With a team of around 40 skilled agents, the company focuses on 23 distinct NYC neighborhoods, highlighting its strategic expertise in urban real estate.
Osher‘s leadership has been pivotal in steering more than 30 major real estate projects to success, amassing an impressive sales record exceeding $6 billion. This level of achievement cements his standing as a formidable figure in the industry.
Originally hailing from Johannesburg, South Africa, Osher‘s journey in real estate began after his graduation from The New School in 1994. Since then, he has combined his educational background with a deep understanding of the market to build a thriving firm renowned for its innovative approach and sales acumen.
The Hudson Advisory Team focuses its expertise on three key areas: Manhattan, Brooklyn, and the Hamptons. These real estate specialists offer a wide array of services, encompassing property sales, rental solutions, and the marketing of new developments. Under the leadership of founders Clayton Orrigo and Stephen Ferrara, their team of over 30 licensed professionals accomplished impressive sales, achieving more than $935 million in 2023.
Why Choose a Top NYC Broker?
Choosing a top NYC broker can make a big difference when buying or selling a home. These professionals are experts in the real estate market. They know the ins and outs of New York City better than anyone. Let’s explore why going with the best real estate brokers in NYC is so important.
Access to Exclusive Listings
One reason to choose a top broker is their access to exclusive listings. These are special properties that are not available to everyone. A top real estate broker has connections. They often hear about homes before they hit the market. This means you might find your dream house before anyone else even knows it’s for sale!
Negotiation Skills
Another great reason to pick a top broker is their negotiation skills. These brokers are like skilled athletes when it comes to getting the best deals. They know how to talk to sellers and convince them to lower prices or include more valuable things, like furniture or repairs. Their experience helps them get you the best possible price, whether you are buying or selling.
Market Insights
Top NYC brokers also have amazing market insights. They watch trends closely and understand how property values change. This means they can help you decide when to buy or sell for the best results. They know which neighborhoods are on the rise and which ones may not be the best investment. With their help, you can make smart choices that could save you money or help you earn more.
How to Compare Top Mortgage Lenders: Exploring Key Features
Choosing the right mortgage lender can greatly impact your home buying experience. To make an informed decision, it’s crucial to compare lenders using specific criteria. Here’s a guide on what to look for and an overview of three well-rated lenders: New American Funding, Rocket Mortgage, and Farmers Bank of Kansas City.
Key Features to Consider:
- Interest Rates and Terms:
- Compare the interest rates offered as well as the loan terms. Lower interest rates can save you significant money over time.
- Down Payment Requirements:
- Look at the minimum down payment each lender requires. This affects your initial financial outlay and monthly payments.
- Credit Score Requirements:
- Ensure your credit score meets the lender’s minimum requirements. This can affect loan approval and interest rates.
- Customer Ratings and Reviews:
- Review customer feedback and ratings to understand the lender’s reputation in customer service and reliability.
- Special Programs and Offers:
- Some lenders offer special programs, such as assistance for first-time homebuyers or lower down payments.
Comparing the Lenders:
1. New American Funding
- Customer Rating: 4.7
- Minimum Down Payment: 3%
- Minimum Credit Score: 580
- Highlights: Known for flexible credit requirements, making them accessible to a wider range of buyers.
2. Rocket Mortgage
- Customer Rating: 4.9
- Minimum Down Payment: 1%
- Minimum Credit Score: 620
- Highlights: Offers a streamlined and fully online mortgage application process, ideal for tech-savvy individuals.
3. Farmers Bank of Kansas City
- Customer Rating: 4.7
- Minimum Down Payment: 3%
- Minimum Credit Score: 620
- Highlights: A traditional lender with strong customer service reviews, offering localized banking experience.
Final Thoughts
When comparing mortgage lenders, these key features—interest rates, down payments, credit requirements, and customer service—will help guide your choice. Each lender offers unique advantages, so always consider what aligns best with your financial situation and home buying goals.
Conclusion
Finding the right NYC real estate broker is super important for anyone wanting to buy or sell property in this bustling city. We have explored what real estate brokers do and why they are so important in helping people navigate NYC’s tricky market. It’s clear that great brokers don’t just know the ins and outs of buying and selling; they also have valuable skills that can lead their clients to the best deals.
As we looked at our nyc real estate brokers list, we noticed that the top real estate companies nyc have a lot to offer. Their knowledge, experience, and fantastic client reviews set them apart as the best real estate brokers nyc has to offer. These professionals help clients not only find the perfect homes but also negotiate the best prices. That means when you choose an expert from the biggest real estate developers in nyc, you are giving yourself the best chance for a successful real estate deal.
Choosing a top broker can make a huge difference. They have access to exclusive properties, sharp negotiation skills, and deep market insights. This means you are not only getting a guide through the process, but you are teaming up with someone who knows how to get things done right. Whether you are dreaming of a high-rise apartment or a cozy brownstone, the top earning real estate agents in nyc are the kind of partners you want by your side.
Remember, finding the right broker can lead you to make the best choices in real estate. It’s all about teamwork—having the right broker makes a world of difference!
Work with the Real Estate Rebate Team
Real Estate Rebates Team is a top real estate brokerage firm in NYC and NJ, dedicated to delivering exceptional service and significant savings. Offering up to a 2.5% commission rebate at closing, we pass these savings directly to clients buying or selling homes. Through education and a transparent rebate system, we empower clients to maximize their benefits, with numerous success stories proving our approach.
Our Comprehensive Services Include:
- Search Apts for Sale: Explore a wide range of available properties tailored to your preferences.
- Market Reports: Stay informed with the latest market trends and data to make educated decisions.
- Buyer’s Guide: Navigate the buying process with ease using our detailed guide.
- Find an Agent: Connect with experienced agents who understand your needs and local market intricacies.
- Market Data: Access comprehensive data to inform your buying or selling strategy.
- Selling Your Apartment: Receive expert advice and strategies to ensure a successful sale.
Our online platform allows you to easily calculate potential rebates and find properties that suit your needs. We negotiate the best prices and secure additional incentives at closing, ensuring you get money back whether selling, renting, or buying a condo, co-op, or townhouse. For new developments, we offer even higher rebates on larger commissions.
Real Estate Rebates Team helps clients enjoy greater savings and better returns on their real estate transactions.
- What support is available for selling my apartment?
There is targeted assistance available for those looking to sell their apartments, ensuring you have the resources and support needed for a successful transaction.
- How can I find a real estate agent?
Utilize services that connect you with experienced real estate agents who can help you navigate the buying or selling process.
- Is there guidance available for buyers?
Yes, there is a dedicated buyer’s guide available that offers valuable information and tips to assist you throughout the purchasing process.
- What resources are available to understand the market?
Access comprehensive market reports and data that provide insights into current trends and conditions, helping you make informed decisions.
- How can I search for apartments for sale?
You can explore available properties through specialized search tools designed to help you find the perfect apartment for sale.
FAQs
Q1: How do I find the best real estate broker in NYC?
Finding the best real estate broker in NYC can be easier than you think! Start by asking friends and family for recommendations. Checking online reviews is also helpful. Websites like Zillow or Realtor.com have lists of real estate brokers. You can use the NYC real estate brokers list to see who is highly rated. Look for brokers with good client testimonials and years of experience. This way, you can find a broker who knows the city well and can help you with your needs.
Q2: Are real estate brokers better than agents?
Great question! Real estate brokers are different from agents. Brokers have more training and can handle bigger responsibilities. They often run their own businesses or work with a group of agents. This means they usually have more experience and knowledge about the market. So, if you need someone to help with buying or selling property, choosing a broker might give you more benefits than just hiring an agent.
Q3: How much do top NYC brokers charge?
Top NYC brokers usually charge a commission based on the price of the property. This commission can range from 5% to 6% of the sale price. So, if a house sells for $500,000, the broker might earn $25,000 to $30,000. But don’t worry! This fee is typically paid by the seller, not the buyer. It’s good to ask about fees upfront so you know what to expect!
Carrie Chiang‘s Background and Achievements in Real Estate
Carrie Chiang boasts a global upbringing, hailing originally from Shanghai. Her life journey took her to Hong Kong and later to Brazil before she established her career in New York in 1988.
In the bustling realm of New York real estate, Chiang has made a significant impact. Her expertise extends to both prestigious condominiums and townhouses, with a track record of selling over 100 townhouses. Furthermore, her influence in the industry is underscored by more than $10 billion in total real estate transactions.
One of her noteworthy accomplishments is orchestrating a $100 million deal with a Hong Kong-based consortium. This deal was pivotal in the development of the Riverside Boulevard community on Manhattan’s Upper West Side, a testament to her skill in handling high-stakes negotiations.
Cathy Franklin boasts a remarkable career spanning three decades in the real estate industry, consistently placing herself among the elite agents in her field. In 2023 alone, she achieved an impressive sales volume exceeding $600 million, showcasing her exceptional skills and market acumen.
When it comes to Corcoran‘s market strategy, the company remains deeply committed to its roots, focusing on its established markets in New York City, the Hamptons, and South Florida. However, Corcoran isn’t standing still. With a strategic vision for growth, they are actively expanding into new areas across the United States, broadening their reach and influence.