Home Selling in Forest Hills>Question Details

Oldfact, Home Seller in Forest Hills, NY

My 2br, 1b coop in Forest Hills is not selling. I've lowered the price as much as I can. What else can I do?

Asked by Oldfact, Forest Hills, NY Sat Sep 10, 2011

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8
Are you trying to sell it your self or do you have an exp. agent to help you.
Please give me a call if you need agent to give some tips.

Fajardo Delacruz
Licensed Real Estate Agent
Century Homes Realty Group llc
Direct Line: 347-932-0609
0 votes Thank Flag Link Wed Jan 16, 2013
It sounds as if you are attempting to sell it yourself. If this is the case, you do not have access to the extensive marketing a Realtor can provide.

I cannot speak for other Realtors, but in our organization, we bring our buyers to Realtor represented properties; we support our industry.

If you would like professional assistance, please contact us. gail@gailgladstone.com
0 votes Thank Flag Link Sat Feb 25, 2012
Old, You haven't told us if your home is listed with a broker or if you are trying to sell it yourself! Which is it? Hopefully you didn't overpay because price can be a problem...Check out the other comparable listings or have your agent prepare a CMA. Interestingly enough buyers have a hard time visualizing themselves in the home if the seller is there or they meet the seller. (It's like wearing someone else's shoes.) Either way one of the easiest things to do is to remove all personal objects especially photos and artwork that could be challenging or from a different culture. A fresh coat of paint, no clutter, sparkling clean floors, windows mirrors rugs, appliances and fixtures. Make it look like a model home or an upscale hotel! Take your kids, dogs and yourself out while it's being shown (but always make sure any valuables are secured. Also have an open house if your building allows it...One other thing if it is listed and your agent/broker has been dutiful about marketing it, you might try raising the commission because that will bring it out of the pack and to the attention of other brokers. Good luck!
Web Reference: http://joliemuss.com
0 votes Thank Flag Link Wed Sep 14, 2011
Oldfact ~ If it's possible, post the link to your listing and you'll receive better feedback on the condition and the way it's showing.

Top 2 reasons a home sells:

1) Price
2) Condition
0 votes Thank Flag Link Tue Sep 13, 2011
Hi Oldfact, pricing pricing pricing....must be competitive....many coops are selling..condition is not the problem, location is not the problem, it is always pricing to be competitive. Especially if the maintenance is higher than most other units in the area, you need to offer better pricing to make up for the extra maintenance they will have to pay. If you are considering paying the maintenance for a year, or the parking charges, or closing cost..whatever...just redude the price to get more activity.... Incentives are only seen once they actually pull up your listing based on price. Depending on how soon you need to be out- should determine your strategy. Terry K 718-614-3167 cell or email me TKorahais@elliman.com
0 votes Thank Flag Link Sat Sep 10, 2011
Try giving an incentive of paying part of the closing costs or paying the application fee to the Board. I assume it is listed with a Realtor? Also find out what the objections are for those who viewed it. Look at other properties for sale in the immediate neighborhood & see whats moving. What are they offering that you are not.
0 votes Thank Flag Link Sat Sep 10, 2011
Its not always just the price. Where is it marketed, are you getting maximum exposure? How accessable is it to buyers and agents, is easy to show? How does it show, clean, presentable, can a buyer see themselves living here, neutralize the space. If you are listed with an agent discuss this with them, if you are not you may want to consider it
0 votes Thank Flag Link Sat Sep 10, 2011
If you are not listed with an agent consider the idea; Unfortunately MLS is showing a total of 455 co-ops and condos as available, thus lots of competition; MLS is also showing a total of 83 two bedrooms, one bath co-ops, as being sold between January 1, 2011 through today; you can check http://www.mlsli.com for additional information. Therefore, pricing and marketing that maximizes exposure are paramount. If you need to move is renting allowed in your complex, and is that an option for you...
0 votes Thank Flag Link Sat Sep 10, 2011
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