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Home Selling in Port Chester : Real Estate Advice

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Activity 7
Mon Jul 10, 2017
Kathy Burgreen answered:
Looks like I'm your new best friend in a sense. I'm a long time Westchester resident (New Rochelle & Larchmont) so I know Rye Brook very well. I also worked as a realtor for a few years and successfully sold a 2 family home + a few co-op apartments. I did look up the listing on Zillow and if you click on the "Price and Tax History" tab, I see what happened. Interestingly, the Tax History is blank but I don't need it because I know how expensive property taxes are + Mamaroneck did a town re assessment and our taxes increased.

At this point, I'm assuming you want to claim the listing so you can sell by owner. You need to go to Zillow.com and start there. From the home page, follow the prompts and you can claim the listing, edit any facts, pictures, etc. and post your home for sale by owner. Zillow and Trulia are now the same company (Zillow Group) so any changes to Zillow will sync to Trulia within 24 - 36 hours. I contribute replies to questions here and I've seen a number of complaints from owners and realtors that the information is correct on Zillow but not on Trulia. You should be aware of this.

I do believe you can be successful selling by owner and save at least 3% commission, however, it will be in your best interest to use a Flat Fee broker (use Google). Make sure they have access to HGAR (Hudson Gateway Association of Realtors) - the MLS system. Using a flat fee broker means you pay a small fee to have your home listed in the MLS + you will be required to pay the buyers broker a commission - if the buyer submits an offer. The buyers broker commission is negotiable but ideally, you want to offer about 3%. So roughly, you save 3% by not listing with a full service broker like Houlihan Lawrence. Using a flat fee broker allows you to have full control for marketing, disclosures, contract, deadlines, negotiations, showing your home, etc. You are essentially just paying to have your home listed in the MLS. I was stunned when I saw that you used Houlihan on Zillow. Your home is gorgous + the neighborhood and school district can't be beat so Houlihan couldn't sell a home in 2 months??? I think I know why without even asking you.

Next - If you don't use a flat fee broker, it will be more difficult to sell by owner. Unfortunately (hate to admit it but I'm just as guilty as every other realtor in Westchester)...real estate websites like Zillow, Trulia, etc. earn money by selling advertising space to real estate agents. These agents pay $$$ in monthly fees to Zillow and Trulia so they can have their pretty faces on listings they purchase. This includes ALL For Sale By Owner listings. Disclosure: I was one of these agents on Zillow & I paid for zip codes in New Rochelle, Yonkers and Greenburgh. As you can imagine, Zillow and Trulia charge different rates based on average home prices in each zip code. Therefore, Rye Brook, Scarsdale, Harrison, Rye, Larchmont, etc. will be more expensive for agents than Yonkers, Mount Vernon, Greenburgh, etc. will. Obviously agents advertising in the expensive zip codes will do whatever it takes to get leads from people inquiring about your home. If selling by owner (no flat fee broker), these agents will tell buyers the following about your house: "I'm sorry but that house is not for sale right now. I do have other homes that are available in Rye / Rye Brook that are available and move in ready. Why don't I meet with you tomorrow in my office and we can schedule a private showing to see those homes."

Yes, the above is the script that I used (and I'm sure other agents use). The way it works is on Zillow, there is a default checkmark next to one of the agents listed. All a buyer has to do is fill in the Contact Box and send in the form. The agent gets a text message immediately and it's up to that agent to call the buyer (lead). Zillow wants agents to call within 5 minutes. On a For Sale By Owner listing, the owner gets a "gray" box with no picture and just a phone #. However, the buyer will need to uncheck the agent's default checkmark and put a checkmark next to owner. Buyers are too lazy to do this or don't know they are supposed to do this. Meanwhile, every agent knows this and knows the buyer will contact them instead of you. Since your home is not in the MLS system (HGAR), every agent will tell your buyers that your home is not for sale. You need to know that when we speak with these buyers on the phone, agents are trained to just look in the MLS - not Zillow. Yes, agents are too lazy to check Zillow if your home is for sale. I said I was guilty of this - so don't bash me.

So what do agents use Zillow and Trulia for? - To prospect for leads. Agents will scour websites for Sale by Owner listings to contact you and insist that you list with them. Oh and they will tell you that you're stupid and don't know what you're doing. Yes I said this too on the phone - only I was more diplomatic.
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Fri Dec 2, 2016
UpNest answered:
Great question. You need to find a realtor with a good track record for speed. UpNest.com is a great platform to compare realtor services and figure out who the best agent may be to help sell your home the fastest for the highest price. This may require some research but it's definitely worth the time. ... more
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Tue Mar 4, 2014
Christopher Pagli answered:
Hi John, I grew up in Port Chester and currently live in Rye. I'd be interested in learning more about he coop and seeing if we can work together. I will call you tomorrow or you can call me directly 914 406 9023...

Chris
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Sun Feb 19, 2012
Debby Frank answered:
I have 17 years experience selling Coops and over $10 million dollars in Coop sales. I would be happy to speak with you, please call me..(914) 498-5443.

Debby Frank
Keller Williams Realty
Scarsdale, NY 10583
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Wed Nov 2, 2011
Steven S. Geiger answered:
I hhave been doing short sales for quite awhile and very successfully. Each case takes on its own life depending on the circumstances and the hardships. Also, a skilled negotiator is required in dealing with the bank once the short sale package is prepared. To answer your questions, yes it is possible not to have a deficiency note and be free of any obligation.

Steve Geiger
Associate Broker
Houlihan Lawrence
914-263-5275
sgeiger@houlihanlawrence.com
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Fri Jan 14, 2011
Sid Walker answered:
Co-ops, at least in the New York City Metro area (of which Queens is a part of) have the right of 1st refusal when it comes to selling shares. You should ask your co-op if they are interested in purchasing your co-op for $145,000. If not are they willing to at least match the $115,000.00 offer you rec'd? If they say yes, sell it to them. If not, review the "new rule" and speak to your attorney. Certain major rule changes can't be made by your board of directors and actually requires a majority (often 66%) of the shareholders to implement. ... more
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Tue Apr 7, 2009
Frank Bailey answered:
Wow, Jefferson... I was born and raised in Port Chester and never recall it being a place you "go in and get out". When was this timeframe? In the 70's and 80's it was a great place to live.

Port Chester used to be one of "those towns", where you'd head in to get something and get out, and not a great place to live or raise a family
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