New Jersey vs. New York City Real Estate Search Proccess
Some thoughts on the differences between buying real estate in NY and NJ…..
Having lived in Manhattan, Brooklyn, and New Jersey, and having purchased property in both states, I wanted to share what I feel are some differences between the two states.
In my experience in New York City, buyers would often deal exclusively with the seller’s agent, who listed a property exclusively and did not cooperate with other real estate brokers. Buyers would have to go from open house to open house or from broker to broker to see multiple properties.
In NJ, the vast majority of properties are multiple listed, and most listing brokers cooperate with other brokers who are representing a buyer. Thus, a buyer may choose to work with only one real estate agent in his/her property search, and still see all of the properties that are listed in his/her price range.