You've been working with a real estate broker and finallyafter seeing a dizzying array of apart-
mentsyou've narrowed down your search to two beautiful co-ops in two very different but equally fabulous neighborhoods. You and your husband are unable to make a decision because you love both apartments. Each has something that the other does not. Since the only alternative would be to flip a coin, you tell your broker you'll need a little more time to think about it.
If you think you detect a slight trace of annoyance in your broker's voice, you may be right. But is she correct to think that you're indecisive? And how many times can a buyer reasonably request to see an apartment before placing a bid? These are just some of the questions that might come up if you're involved in buying or selling an apartment. While the answers may vary depending upon whom you ask, there are certain established guidelines that can assist both buyer and seller.
The Broker-Buyer Relationship
If you've decided you'd like to purchase a co-op or condo, a real estate broker can help simplify your apartment search by identifying properties that fit your needs and budget and by providing important information about neighborhoods, schools, shops and the local real estate market. The broker will take you to see various properties that meet your criteria at a time that's convenient for you. During the buying process, he or she will provide contacts at banks, attorneys, appraisers, inspectors and other professionals whose services you may need. The broker should also explain the buying process to you and help you estimate how much your closing costs will be.