Home Selling in 10007 : Advice

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Gary Geer, Real Estate Pro in Antioch, IL
Gary Geer answered:
How can 6% commission make any financial sense for a 1br Manhattan condo? If I sell mine for 680K, 40K of that will be broker's commission.
Lenoard,
Interview at least three agents and discuss your situation. They will either show you justification for the commission they charge or offer you alternatives.

All the best, ... more
0 votes Share Flag Wed Aug 15, 2012 Home Selling in New York
Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
Can renovation costs be added to the resale price basis when selling HDFC apartments?
Hernie,
I'm not sure where you are getting the formula from, but I had an HFDC listing that sold at market price. It is the income of the buyer that has a cap. I had an HFDC walk ... more
0 votes Share Flag Sat Apr 9, 2011 Home Selling in New York
Matt Pickett,…, Real Estate Pro in Colorado Springs, CO
Matt Pickett, REALTOR® answered:
If my coop has water leakage to the inside of the window which likely comes from structural problems, do I need to report this to my agent?
I wish I had more to go off to help you on this post. Ill have to leave it to your local trulia agents for comment
0 votes Share Flag Sun May 29, 2011 Home Selling in New York
TerriVellios…, Real Estate Pro in Campbell, CA
TerriVellios.Com answered:
Can someone explain a concept of 2 brokers sharing a 6% commission on a sale? Why can't one broker list and show the apt for 3%? Sorry for dumb
There are more than one type of listing agreement. Your listing agent should be able to explain to you the difference. To get maximum exposure of your property the listing agent will ... more
0 votes Share Flag Thu Apr 14, 2011 Home Selling in New York
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
I'd like to sell my Manh. condo. Is it possible to find a decent broker that will be satisfied with a 3% commission (if it's their?
Leonard,

There are typically two sides to a real estate transactions...listing and selling.

Simply stated, if you expect a full service agent/agency to list and sell for 3% profes ... more
0 votes Share Flag Tue Apr 12, 2011 Home Selling in New York
Jim Lanfranc…, Real Estate Pro in New York, NY
Jim Lanfranchi answered:
How much can one bedroom in 609 Columbus Avenue sell for? What is the past sales price for this building?
This is an "HDFC" building and may have resale restrictions. They would be found in the offering plan. Those restrictions typically limit the profit an owner may realize aft ... more
0 votes Share Flag Wed Apr 16, 2014 Home Selling in 10024
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how much should I add to the asking price of my co-op to allow for negotiating down to the price I want?
When selling a property, review comps with your agent--recently sold similar properties in the immediate area, then make a determination on a fair listing price--be competitive in your ... more
0 votes Share Flag Wed Apr 6, 2011 Home Selling in New York
Gail Gladsto…, Real Estate Pro in 11743
Gail Gladstone answered:
I believe it's better to use an agent to list my co-op rather than sell on my own but in NYC there are so many companies & agents. How do I?
If you are interested in a referral to someone I refer to in the city quite often, send me an email so I can give you the information.
0 votes Share Flag Tue Apr 12, 2011 Home Selling in New York
Christopher…, Real Estate Pro in 10591
Christopher Pagli - ABR, GREEN answered:
I need advice in negotiating a bid. I need the potential buyer to come up $38K while I go down $20K. Any advice on the increments?
Hi, Depending on how anxious you are you can meet them in the middle, one shot. Typically when a negotiation goes backj and forth more then 2-3 times the deal doesn't happen. It& ... more
0 votes Share Flag Thu Mar 10, 2011 Home Selling in 10001
Fern Hamberg…, Real Estate Pro in 10026
Fern Hamberger NYRS CNE CBR answered:
Thanks everyone for replying. I will list out some initial requirements for the potential investment in the area; Price: USD$525,000 -
NotSOSURE,
Please contact brokers in person. It is not enough that you have requirements, you have to be qualified or in other words be pre-approved for a purchase or a rental here in ... more
0 votes Share Flag Wed Feb 9, 2011 Home Selling in 10038
Eugene Kopman, Real Estate Pro in New York, NY
Eugene Kopman answered:
I am looking to purchase a condo in Manhatten, near civic centre on Broadway. Is this a good area to rent it out before moving from Australia. Help!
Dear Notsosure,

There are a lot of desired areas in Manhattan. Near the Civic Center, you're looking at Mostly Tribeca, Nolita, Financial District and Lower East Side. These a ... more
0 votes Share Flag Sun Sep 21, 2014 Home Selling in 10038
Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
Close to contract closing date but attorney for buyer is dragging feet on closing date? Won't give my attorney info on mortgage bank okay with
Donna,
It's a little unclear what you are asking, but if you are asking if the buyer's attorney not setting a closing date could be due to the bank, it definitely could be. T ... more
0 votes Share Flag Sun Feb 20, 2011 Home Selling in New York
Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
does the buyer need to give notice re walk through?
Clinical,

The buyer's agent should request an appointment for a walk-thorugh through the seller's agent.
0 votes Share Flag Wed Feb 9, 2011 Home Selling in New York
Jenet Levy, Real Estate Pro in East Village, New York...
Jenet Levy answered:
Any good free websites similar to postlets? I like postlets because I can use the HTML on Craigslist and my ads are distributed to many locations?
Doesn't your company do that? If you are with a REBNY company, your listings will be in the REBNY listing system, and 90% of deals are co-brokered. As far as direct buyers, your ... more
0 votes Share Flag Tue Jul 12, 2011 Home Selling in New York
Nick Rafello, Real Estate Pro in New York, NY
Nick Rafello answered:
Do agents who don't have exclusives or enough exclusives post listings on Craigslist that are vague and not your exclusive in hope to get?
The Craigslist, back in the day, was a very useful tool. It is no longer that way. If you see an ad that has no address, it is probably an "open listing." This means many age ... more
0 votes Share Flag Sat Mar 1, 2014 Home Selling in New York
Spirit Messi…, Real Estate Pro in 85716
Spirit Messingham answered:
Bank lien showed up in title search prior to closing on sale of my home. I have proof debt was paid off. Why is my attorney saying I have to fix this?
If you have proof, provide it to Title to clear it. You can ask Title what is showing up, and what evidence you need to clear it.

It happens frequently when a bank lien is paid of ... more
0 votes Share Flag Sun Feb 6, 2011 Home Selling in New York
Gail Gladsto…, Real Estate Pro in 11743
Gail Gladstone answered:
Can someone have a case against you if they purchase a com building and after closing discover that there are violations that DOB does not know about?
As a Realtor, my personal opinion would be that they had time to do their due diligence and their attorney should have searched title and history.

Are you liable? You need to ask yo ... more
0 votes Share Flag Fri Jan 21, 2011 Home Selling in 10021
Eugene Kopman, Real Estate Pro in New York, NY
Eugene Kopman answered:
I bought my first co-op apt by Lincoln Center, 5 weeks ago I moved in and I am NOT happy with it. How can I sell it without paying a realtor 6% ?
Dear Hk,

I would recommend you stay there or list the apartment higher to compensate for the 6% and hope someone bites. You can also try selling it yourself with sometimes, but rarel ... more
0 votes Share Flag Sat Sep 27, 2014 Home Selling in 10023
Eugene Kopman, Real Estate Pro in New York, NY
Eugene Kopman answered:
Can anyone advise where I can find a free template to create a fact sheet (show sheet) for an open house that I am having on Sunday. This is my first
Demi,

Everyone has their own template, there really isn't a standard. Depending on what the type of building and type of apartment, certain things should go in there.

Feel f ... more
0 votes Share Flag Fri Jan 21, 2011 Home Selling in New York
Stephanie Dr…, Real Estate Pro in Pequannock, NJ
Stephanie Drag answered:
I watch a lot of these TV shows about home selling and they put a lot of emphasis on staging. It seems a little ridiculous to me because a buyer is
Maria,

Staging has become quite popular. Studies show that it can help to sell a house faster. Check out the link I attached that describes the top 10 reasons to stage. (You will nee ... more
0 votes Share Flag Fri Feb 4, 2011 Home Selling in 10022
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