Hello, as someone that specializes in co-ops I would have to know how much you paid for the co-op and how much you owe today. Also, I would need to see the condition and the layout of your unit to see if any upgrades have been done or need to be done.

Co-op prices have dropped somewhat, but they are still selling since they are the most affordable piece of real estate. No one can answer how long it will take to sell because it depends on your price versus others in your area, location and condition.

The most important ingredient to have an agressive agent that knows how to sell and market in this type of economy, THAT'S ME!!! Call me today and I would be happy to assist you.

Click here to see my co-op sales record in a down market:
http://kandhhomes.com/InContractAndSoldHomes.htm

Rhonda Holt
Full Time Top Sales Agent
Specializing In Co-ops and Home Sales
Weichert Realtors, H.P Greenfield
http://www.KandHhomes.com
Email: TLOHRM@aol.com

These answers have become more of an advertising space rather than answering your question directly. Having said that, you can't possibly answer the question you posed without knowing how much you paid, what the condition is, how long youve had it, square feet,etc. It would almost be the same as me walking into an office and saying "I would like to start a business, can I make money?" It kind of depends. The market is pretty bad, and yes, while there is no crystal ball, it would be pretty difficult for many people to profit in a market like this if they are selling and it would take MUCH longer to sell a property than it did a year or more ago. Hope this helps.

Selling your home shouldn't be a stressful ordeal. Making the
smart move of choosing a REALTOR® is your first step to ensuring
that your investment in your home pays off. Our services and experience
allow you to focus on your move while We manage your home sale from
our initial consultation to the closing deal, and beyond. I pride ourselves
on repeat business and hope you'll come to understand why.
If you have additionalquestions or need an agent feel free to call and direct them to me.
My Direct # 347-813-1290.
Here is my website http://fajardodelacruz.realtors.officelive.com
or my e-mail delacruz.fajardo3@gmail.com
Hope to hear from you soon.

Dear "Seller":

I have sold many apartments on Ocean Parkway over the past seventeen years of my real estate career. I have several thoughts and questions for you. First, have you been using the co-op for the past two years as your primary residence? And has it been at least two years. This is important because if the answers to both of those questions is yes, you will get a $250,000 capital gains tax exemption.

The chance of you making a profit will be determined by how good of a deal you received when you purchased it. The best way myself or any other agent could help you would be to meet with you and view your co-op, go over the co-op policies (i.e., sublet, pets, minimum down payment, flip tax, etc.) at which point we can formulate an opinion of it's value right now and go over closing costs. Then you will know how much you can potentially net and make your decision from there as an educated seller.

With regard to the timeliness of the sale, it all depends on where you set the asking price. If it is attractive to buyers it can sell real quick. I have a 2 bedroom co-op located at 1750 East 14th Street that I sold in two days for the full price, and that was in January when the market was even slower than it is now.

I would love the opportunity to meet with you and help you out with this, there is no cost or obligation for this service.

Mitchell Feldman
Associate Broker
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Email: MitchellSFeldman@aol.com

Hi again,,,

If you want to check out our Ocean Parkway property currently under contract, visit the following Single Property Site for an example of our work, and the actual unit with photos:

http://www.399OceanParkway.com

All the best,

Bonnie & David

Hi,

It all depends what you paid for it when you purchased it. We recently went to contract on a 1 BR in the heart of Kensington, on Ocean Parkway between Cortelyou Road and Avenue C. We can tell you that we had it listed at $159,000 and it generated alot of interest and calls, and traffic and we had no trouble getting offers.

There's really no way of knowing how much you will profit from selling now, because every buyer is different and how quickly it sells and for what price depends on location, condition, upgrades and your asking price in relation to current market value. Have you put alot of money into renovations, such as the kitchen and bath? Have you recently painted your unit? What is the maintenance, and what does it include (heat, or heat plus gas, etc.) Can the unit be subletted? Is the building a newer luxury building with doorman and terraces or an older building? Finally, what floor is your unit on and does it face Ocean Parkway or the back? All of these factors will determine the desirability and ultimate selling price of your co-op. The bottom line is always price. If your unit is priced to high, it will sit and not generate interest no matter how good the location.

On the positive side, Kensington is now one of the most desirable locations in Brooklyn and we have many calls from prospects seeking co-ops in the area. As younger people have been priced out of the Park Slope/Windsor Terrace market, Kensington has become a hot neighborhood. On the negative side, because the market has been so slow, there is approximately a 10 month inventory of homes, in general, on the MLS in Brooklyn. Because of the high inventory and new co-ops that will be listed in the spring, there will be more competition to sell your unit.

So your best bet is to contact a Realtor and get a comprehensive home evaluation which includes up-to-date comparables, including units in your area or building that have sold, that are in contract and that expired (when listings expire it means the prices were probably too high). So, with the market analysis you'll be best informed to make a decision.

David and I would love to help you. Please feel free to contact us at david@besthomesinbrooklyn.com, or give us a call at 917-593-4068 and we will be happy to do an evaluation for you! Good luck to you!

Best regards,

Bonnie & David