I have an Aunt that is trying to sell her condo at Parkchester to no avail. She is having difficulties trying

Liana Malave
Home Seller
Parchester, Bronx

to come up with maintainance and mortgage..she had a buyer but they failed at getting a mortgage...needless to say she is drowning...can she sublet? What are the legalities at Parkchester. Can she do that? She has a 3 bedroom /1 bath condo on the 1st floor on E. Tremont..selling for $200,000...what can she do? Someone please help me to help her

Answers (5)
Mary Green
Home Buyer
Country Club, Bronx,...

Try "for sale by owner". Lower the price by the Real Estate commission.

Thu Jul 10 2008, 21:40
Jossy
Home Buyer
Bronx, NY

hi i would like to buy the apartment, please contact me at 347-621-1828 i own a 2 bedroom apt in parkchester but i had a baby and need an extra room. My name is josephine

Mon Jun 30 2008, 19:15
Vilma Denisia
Agent
Bronx, NY

Is she selling herself or with a broker? I can probably assist her better if I met with her. Ask her to contact me, I speak Spanish if it helps. There are several things that can be done in assisting people with a mortgage. Let's talk.

Tue Apr 22 2008, 11:05
Lior Paster
Home Buyer
10032

I own a 1-bedroom condo in Parkchester North.

I have a tenant in my apartment. You can lease your apartment the same way I do it. You have to go through the management company. The prospective tenant had to pay processing fees and pass credit and background check. It will take about 1 month from the day you find a tenant until they get approved. Make sure you get a good tenant with good credit, if not they will be rejected by the management company.

Every apartment for sale has a buyer, at any market. Maybe the price you are asking is too high. Reduce it in $20K and you'll have plenty of buyers to choose from. Ask them to bring a bank pre-approval for a mortgage. If they don't bring that, don't bother.

Sat Feb 23 2008, 17:08
Aileen-Manha...
Agent
New York, NY
FIRST ANSWER

She needs to look at the co-op board's rules to determine whether she can sublet. If she can, she can advertise on her own or hire a Realtor (more than a real estate agent) to list her home. The tenant will pay the Realtor's commission. To quicken the process, she can pay the Realtor's commission or 1/2 the commission.

You didn't state whether she's listed her home with a Realtor or is trying to sell it herself. That makes a difference, in most cases, as a Realtor (such as Coldwell Banker) can expose her apartment to more buyers, than say... putting up a flyer at the post office.

Let me know if you have any more questions and feel free to contact me directly.

Tue Feb 12 2008, 05:52

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