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Home Selling in 07093 : Real Estate Advice

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  • Local Info7
  • Home Buying17
  • Home Selling6
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Activity 6
Wed Dec 2, 2015
Lucy Sorlucco asked:
Lucy Sorlucco, Home Seller in 07093
What recourse does a Co-Op Shareholder/Seller have who cannot find a buyer (despite lowering the price over a six year period to 2/3rds the original!)…
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Thu Feb 7, 2013
Kenneth Verbeyst answered:
If the problem is association fee have you considered paying the first 6 months or year fees? I recently sold a home ina10 days where many others are on market just slightly higher. Our was the nicest so in addition to being one of the least expensive we offered to pay the capital contribution. At the end of the day it resulted in reducing the price but what spurred multiple offers was great condition, reasonable price and further incentive. (mutiple offers also helped) ... more
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Sun Dec 7, 2008
Bill Eckler answered:
Mama,

It's all about price in today's market.

If it not a deal you're going to have a difficult time. Here's a suggestion. Ask your agent to provide for you all of the recently sold comps of condos (no longer than 4-6 months ago) similar to yours. This information should provide a clear picture of where your price should br to be able to sell.

Important. Pricing it at the top of the range is not going to help. It needs to be priced at or very near to the bottom level of the price range.

Good luck
... more
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Tue Nov 11, 2008
Dan answered:
Linsey Planeta had some good points. That said, the market is taking center stage right now. The current real estate market is like taking off in a jet during a storm in Quito Ecuador! Can you say "bumpy"?! The following article is well delineated, cogent, and succinct. Read thoroughly and carefully, with Linsey's points in mind.

http://www.reuters.com/article/newsOne/idUSTRE4A659S20081112

D
... more
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Sun Sep 28, 2008
Laura Giannotta answered:
In most cases the landlord pays one month rent (the first) to the broker listing the unit. It is then split with the broker bringing the tenant. As stated previously, a rental listing is just that, a listing. So it is negotiable between the landlord (lister and the broker). ... more
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Wed Apr 23, 2008
Jeffrey Halpern answered:
If you feel the price is right the leave it, if it is overpriced get it to the lowest priced unit in the complex.
Also, you may be marketing it to the wrong target. Who is buying in your building, where are they coming from, what is the income requirements. Being in W. NY are you marketing it to the NY crowd. Is it being advertised in places like the VillageVoice.com, NYT.com, WSJ.com? Try not to advertise it in NJ. Most NJ'ers cannot understand the very high maint. fees. The other thought as mentioned before is to pay for the fees for a time period.
Feedback from prospects are important, listen to them and react to it.
Good luck!!!
... more
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