The market is hot so why would I pay someone when the apartment will sell itself. I know the property better than anyone. I’ve bought and sold my homes in other states so how hard can this be in NY? These are all the things we have heard from...
The market is hot so why would I pay someone when the apartment will sell itself. I know the property better than anyone. I’ve bought and sold my homes in other states so how hard can this be in NY? These are all the things we have heard from sellers who have decided to sell on their own. Last week we discussed why buying on your own is hard and this week we are discussing it from the seller’s point of view. In a hot market, it’s easy to think a property can sell on its own. Sometimes, this is true. However, in New York City, where 70% of the owner-occupied housing stock is co-ops, a hot market does not immediately turn into a quick sale. As a seller, you need to make sure that the prospective buyer is not only financially qualified but a good “fit” for the co-op (and sometimes condo) community. Can you as the owner/seller remain objective even when the offer is more than you anticipated receiving? There are no guarantees which is why you want a broker who is experienced and knowledgeable in the ways of a board application. You may think you know what to look for in a candidate but rules change over time and so does properly qualifying a buyer to ensure a successful sale.
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