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Home Selling in New York County : Real Estate Advice

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  • Local Info10
  • Home Buying69
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Activity 406
Fri Jul 21, 2017
UpNest Top Realtors answered:
There is some risk to using a flat fee agent, mainly not getting the exposure you need to sell your home. We created UpNest (http://www.upnest.com) to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you. Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us out at all, and it's completely free for you. http://www.upnest.com Good luck! ... more
0 votes 2 answers Share Flag
Tue Jul 18, 2017
Steven Greenhill answered:
'welcome to the new streeteasy
0 votes 2 answers Share Flag
Sat Jul 1, 2017
Kathy Burgreen answered:
The realtor is entitled to 6% of the sales price - not the contracted price. I know it seems greedy, but in the New York City area, this is what real estate agents do. They are greedy. There are some things you could have done before you signed the listing contract but at this point, it's too late. ... more
0 votes 1 answer Share Flag
Thu Jun 29, 2017
UpNest Top Realtors answered:
Hello, The only way to get your FSBO home listed on Trulia is to have it listed on the MLS. Only agents have access, but you could also pay for what's called a flat fee listing service if you want to sell by owner (generally not a good idea). We created UpNest (http://www.upnest.com) to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you. Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us at all, and it's completely free for you. http://www.upnest.com Good luck! ... more
0 votes 2 answers Share Flag
Wed Jun 28, 2017
Richard Beasley answered:
That's a question for a lawyer if they will tell the truth.
0 votes 25 answers Share Flag
Mon Jun 26, 2017
Rebak225 answered:
The objective to staging is to make it easy for someone to see themselves living in that home. Plus, it needs to look like there is plenty of storage and that it never gets dirty. So, with those guidelines in mind:
Remove knick knacks and any family pictures.
Remove any unneeded furniture.
Make sure the place is clean and organized, including all closets.
Use neutral paint colors (not bright white).
Weed your garden.
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1 vote 1 answer Share Flag
Fri Jun 23, 2017
UpNest Top Realtors answered:
Hello, The only way to get your FSBO home listed on Trulia is to have it listed on the MLS. Only agents have access, but you could also pay for what's called a flat fee listing service if you want to sell by owner (generally not a good idea). We created UpNest (http://www.upnest.com) to help home sellers get the best value possible. All you have to do is submit a few details about your home, and we'll invite several top local agents to submit proposals to you. Since agents are competing to earn your listing, they bring out their best commission rates and value added services, saving you a lot of money. There's no risk to try us at all, and it's completely free for you. http://www.upnest.com Good luck! ... more
0 votes 3 answers Share Flag
Thu Jun 15, 2017
Scottfarley1 answered:
I've been doing a lot of research on this as well. Have you guys worked with Hauseit? I'm seriously considering pulling the trigger. Have been doing research on this every day for the past 2 weeks and it seems like just doing normal FSBO on a site like Trulia or Zillow won't get you very far.

Reasons being: buyers' agents boycott you + major harassment by agents trying to "get" your listing

I've compared a good amount of sites by now, but Hauseit seems to be the most reliable company serving the nyc region. Good comparison site I found below:
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Thu Jun 15, 2017
Jack Ramone answered:
Hey Scott, totally get where you're coming from. You're doing a lot more than most people. It's probably a good idea to do a little bit of research before just putting your home out there!

Definitely have heard of Hauseit (tough not to as they're all over the web). If you just Google you can find their reviews:

https://www.trustpilot.com/review/www.hauseit.com

https://www.trulia.com/voices/Home_Selling/Has_anyone_used_Hauseit_to_sell_their_home_in_NYC_-867877

https://www.facebook.com/pg/Hauseit/reviews/

http://answers.angieslist.com/Any-Hauseit-reviews-NYC-home-sellers-q240848.aspx

This one I think may be actually by them: http://hauseitreviews.com/

This is a lively forum: http://streeteasy.com/talk/discussion/41463-hauseit-reviews-for-nyc

One thing I like about their approach which seems to be working very well is that they're not openly attacking other brokers. It seems like their partner brokers are real brokers who are agreeing to secretly do these reduced rate listings to add to their business. Very interesting... let me know what you think
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1 vote 3 answers Share Flag
Tue Jun 13, 2017
Kathy Burgreen answered:
Sorry for the stupid answers from out of state realtors who don't know anything about New York City real estate and certainly don't sell homes worth $10 million. I'm a retired realtor in Westchester (NYC suburb) and life long resident of NYC and Long Island / Westchester. My reply - which is the correct one is as follows:

Yes you do need to be listed on the regular websites (Zillow, Trulia) AND the one that is exclusive to NYC - StreetEasy. StreetEasy is owned by Zillow now. However, you need to learn that regular websites like Zillow and Trulia cater to the average home buyer and seller. Meaning most buyers of luxury high end homes do NOT use Zillow or Trulia. They may or may not use Street Easy though.

Realtors marketing the luxury co-ops, condos and townhomes in NYC will use specialty marketing. Examples: golf courses, spas, corporate jets / airlines, private / less well known airstrips, private and boarding schools, the Theater District in Manhattan, Wall St., modeling agencies, the box seats at Citi Field and Yankee Stadium, the box seats at Madison Sq. Garden, art galleries, Tiffany's, Bloomingdale's, high end hair salons, private gym clubs, etc. AND of course - global marketing. Realtors connect with buyers in China, the Middle East, Japan, etc. Using all of these methods will generate buyers who are financially qualified to buy your home. This is far more effective than listing a For Sale by Owner ad in Zillow. You need to attract buyers with this kind of money and the only way to do that is have some brochures or glossy print ads where these buyers hang out.

My apologies for not replying earlier. I was having construction repair done and had to disconnect my computer, WiFi, etc. Anyway, one thing you need to know is NYC realtors who work with high end properties may make your life difficult selling by owner. It may not happen but I suspect they will steer their buyer clients to properties listed in the REBNY system and give their clients one excuse after another not to show your home for sale. Sorry but NYC realtors are ruthless, shrewd, brazen, etc. I've dealt with them so I know.

The other issue is commission fees are SUPPOSED to be negotiable as mentioned by a previous reply BUT in NYC especially with high end homes, that theory goes out the window. Realtors will be quick to point out that their specialty marketing costs $$$$. Before you list your home for sale, make sure you are priced to sell. If you own a co-op or condo, speak to the Board of Directors or HOA and ask them if they know what similar apartments like yours have sold for within the past few months. Remember, in a co-op, the Board has to approve buyers and they do see the contracts. If you can't get any answers, next best thing is to invite several realtors and ask them to price your home. DO NOT SIGN ANYTHING. Make up any story you want but your goal is for them to leave your house empty handed. See if you can get realistic pricing. Whatever you do, resist the extreme pressure to sign a listing agreement.
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Thu May 25, 2017
Kathy Burgreen answered:
Yes you will pay capital gains, however, I know Trump's budget is requesting to reduce capital gains on sales like yours. As a recently retired NYC suburban realtor and life long resident of NYC's suburbs, I have a far more serious concern than capital gains.

My concern is the difficulty of selling a co-op in Suffolk County especially at $1.2M. I need to educate you on several issues:
The majority of co-ops outside of New York City is in Nassau and Westchester Counties + the New Jersey towns along the Hudson River. There are very few co-ops in Suffolk and Rockland Counties in NY and none in Putnam County in NY. The majority are condos. The reason for this is housing is cheaper the further away from NYC you are so the less demand for co-ops. Housing in Nassau and Westchester Counties is very expensive so co-ops provides an alternative to buyers to move out of the city and live in the suburbs.

Finally bear in mind that condo prices are intentionally higher than co-ops. The reason for this is because of the ownership structure. Co-ops means you own shares of a limited housing corporation. Condos - you receive a title or deed and own the unit outright.
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0 votes 1 answer Share Flag
Mon May 22, 2017
Mary answered:
Hi,

Thank you for reaching out. It doesn't look like you are signed up for any products on Trulia. We only charge for agent advertising and it looks like you have a consumer free profile. In this case, posting your home on Trulia site will not cost any charge. Please follow the instructions below on how to post your home as For Sale By Owner.

To post your home for sale by owner on Trulia, click the link below and select Submit listings for sale.
http://www.trulia.com/submit_listings/

You will be redirected to our partner site, Zillow. Once you activate your listing on Zillow, it will appear on Trulia within 24 hours.

For future reference, you can feel free to contact us about this type of inquiry through our contact form here:
http://www.trulia.com/help/ask/

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
... more
0 votes 1 answer Share Flag
Mon May 8, 2017
Anna answered:
I am pleased with the Hauseit team. They are professional and pleasant to work with. The team are very attentive to our needs throughout various stages of the process. They are incredibly responsive and communicative, truly a 24/7 service. As an owner of an apartment , you will have full control throughout the listing and selling process; while you are being fully supported by a professional team at Hauseit and much beyond. I highly recommend Hauseit. ... more
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Thu Apr 27, 2017
Housesalequestion asked:
0 votes 0 Answers Share Flag
Wed Apr 26, 2017
Rhonda Holt answered:
Hello, here in New York we use attorneys for real estate transactions and it is required that the sellers attorney deposit the buyers down payment into his or her separate escrow account, this is not the same as his or her business or personal account. I hope this answer helped you . ... more
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Fri Mar 24, 2017
Kathy Burgreen answered:
Technically, Yes. Beware, you have 2 obstacles:
1. The co-op Board may object & tell you "No."
2. Buyers in NYC refuse to buy a co-op that they cannot move into immediately. Buyers will not accept a rent back. ... more
0 votes 1 answer Share Flag
Fri Mar 17, 2017
Michael Hunt Jr answered:
An Accepted & Signed Offer Is A Binding Contract. ... Under established Massachusetts case law, a signed standard form offer to purchase is a binding and enforceable contract to sell real estate even if the offer is subject to the signing of a more comprehensive purchase and sale agreement.Sep 8, 2009
Source: GOOGLE.COM
... more
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Fri Feb 24, 2017
Kathy Burgreen answered:
The 90 day holdover period is to protect the brokerage in case a buyer who saw your home during the contract period and now wants to submit an offer after your contract ended. The issue is the brokerage keeps a list of buyers who visited your home and if a buyer submits an offer, the brokerage wants to get paid. Once the 90 day period is over and if a buyer submits an offer, you do not owe the brokerage a penny.

Try to wait for the 90 day period to end, then sell by owner.
... more
0 votes 1 answer Share Flag
Thu Jan 19, 2017
Sally Grenier answered:
YES! You may want to consult an attorney. If you both own the house (and are both on the deed), then you both need to agree to sell the house.
0 votes 1 answer Share Flag
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