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Home Selling in 10001 : Real Estate Advice

  • All74
  • Local Info10
  • Home Buying31
  • Home Selling6
  • Market Conditions5

Activity 6
Mon Jun 8, 2015
dploves2sellhomes answered:
In order for your question to be answered, you need to give some more detailed information.
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Tue Jul 15, 2014
Christopher Pagli answered:
There are additional State and City taxes you pay when selling a property. The State tax is $4 per every thousand of the transaction and the NYC Transfer tax is 1.5% of the purchase price over $500k and 1% below $500k.

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Mon Jan 14, 2013
Damoun Yashar answered:
Morning Loumel,

How much financing does the building allow?
Have you done any renovations?
Is it a walk up? What floor?
What are the Co-Op restrictions?
What are the common charges?
How much is the real estate tax?

Just from a ball park estimate I would say your property is valued anywhere from $600-700K. Our firm is actually working on selling off buildings and we've come across plenty of buyers that are interested in your exact location.

Damoun Baruch Yashar
CEO | Licensed NY Real Estate Agent

New York Real Estate Group
1115 Broadway Ave, 11th Fl
New York, NY 10010
646.389.2437 (direct)
646.393.4386 (office)
Like us on Facebook
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View my listings on Naked Apartments

"The Best Compliment I Can Receive Is A Referral To Your Friends And Family."
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Thu Nov 3, 2011
Anna M Brocco answered:
If you are a for sale by owner the post is not allowed, you can however try blogging about the property; if and when you do list with an agent, he/she can post it for you, just ask; or consider any flat fee realty company that feeds into the site. ... more
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Thu Mar 10, 2011
Allan Erps answered:
Whatever happens here is your call. If the offer does not come up to your satisfaction, you do not have to sell. Of course in today's market you never know when the next offer will come. Best of Luck! ... more
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Tue Feb 16, 2010
Joseph Hastings answered:
Hi Maria. You've already received many excellent responses. If you still require additional assurance that you can still show, consult your Attorney since you are his client in all matters legal.

You (your broker) do indeed need to inform anyone with interest to view that you are in contract. Of course when they hear this, buyers will trail off in a hurry.

My question is why would you think the buyers you have might not get a loan commitment? Did you not receive a written offer stating the offer amount and total downpayment the buyers would come up with. Not to mention a letter of pre-approval, credit check with a FICO score, DTI of 28% or less with proof of assets and income? This is what an experienced broker would bring forward from a serious buyer.

The only possible problem I could think of is if you accepted a modest offer just to get the apartment off your plate (lowball offer). Boards will protect to the best of their ability, the valuation within the building. With property values having dropped, no board wants to see further erosion (they own apts as well) of value and they could stop the deal in it's tracks. Of course, you'll never know why as Coop boards are under no obligation to disclose reasons for any decision. Some food for thought.

In any event, I do wish you all the best with your sale.
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