Equal Housing Opportunity

5235 Post Road Unit#1B Bronx, NY 10471

Status: Available

 

5235 Post Road Unit#1B Bronx, NY 10471


One Bedroom Coop Available In Riverdale Arms. Coop Board Approval and 20% Down Payment Required. Low Maintenance of $641. Approximately 750 Square Feet. Unit Has Parquet Floors And Faces Rear Of Building. Convenient Location. Call Now To Schedule An Appointment.


List Price: $135,000


MLS Number: 4820530


Property Type: Co-Operative
Sub Type: Attached
Style: Mid Rise
Post Office: Bronx
County: Bronx County
City/Town: Bronx
Zip Code: 10471
Village: Bronx
Complex Name: Riverdale Arms
Floor Number: 1
Bedrooms: 1
Baths Total: 1
Baths Full: 1
Rooms: 3
Sq Ft: 750
Year Built: 1964
# Levels: 1
School District: Bronx

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Basement

 

 

Sellers Agents and Brokers Agents

Wow the person at the open house is so nice…

Sellers Agent and a Brokers Agent are hired to represent the seller. Their total loyalty belongs to the seller.

These are often the very same people a customer may meet at an open house.  A customer is a person who visits the open house to see the home.

The Sellers agent or Brokers Agent working at the open house is required to first explain Agency to the customer before anything of substance is discussed. This is because a customer may accidentally disclose information that they normally would not want the seller to know. They may say something like, “This house is amazing. I will pay anything for it and failure is not an option.” Since the person working at the open house is obligated to share this information with the seller the seller might decide to raise the price since you already showed your hand.  

 

 

Buyers Agents

A Buyers Agent is required to provide her or his loyalty to the buyer.

 

They are not legally bound to the seller in any way. It is a Buyers Agents job to make sure the buyer has representation. They can act on behalf of the Buyer to try and get the right price and find out what the buyer needs to know.

 

They cannot share any information that can potentially hurt the buyer in the transaction.   

 

Their “Poker-face” might be what it takes to save a few thousand on the purchase and to keep the sellers guessing.

 

Dual Agency

When the Brokerage firm who is selling the home is also the same brokerage firm that is acting as a representative of the buyer the sale is said to be in “Dual Agency”.

 

Because of this the Broker who owns the brokerage has a potential conflict of interest. They are supposed to help the seller and they are also contracted to help the buyer. This conflict needs to be known and agreed upon by all parties. Even when agreed upon, the Broker is now expected to act as a neutral party and not take sides.

 

One way to minimize the effects of Dual agency is to designate separate representatives from the brokerage firm to each represent the buyer and seller separately.  This is called “Dual agency with designated sales agents”.  Water cooler talk is a no-no and meetings in the firm could be awkward but in the end the buyer and seller may have an extra bit of help to look after them and still deal with the same firm.  

 

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All rights reserved.  Highlite Homes Realty Corporation fully supports the principles of the Fair Housing and Equal Opportunity Acts.