Asked by Gizmo, Westchester County, NY • Sat Oct 22, 2011
I've listed my Manhattan apt as a FSOB with Streeteasy and NYTimes. I've based my asking price after extensive research including recent sales of similar apts in the building. Unfortunately, I am told by soliciting brokers that since I am not on REBNY, no one knows about it, or that no broker wants to deal with owners. So now, I narrowed my choice down to 2 choices. Keep it as a FSBO and send out personal emails to as many brokers as possible offering 4% on buyer's broker commission vs. listing it with an agent who is willing to co-broker with another broker at 5% (she says she will accept 2% and give 3% to the buyer's broker) and 4% if she finds the buyer. What do you think is a better option to sell this apt? FYI - My sale price is about 800K and the UES apartment is gut renovated completely with high end everything, and I live in an exclusive co-op requiring 50% down, no subletting allowed, no pied-de-terres... but the maintenance/tax is super low at $900.
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