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Home Selling in Upper East Side : Real Estate Advice

  • All209
  • Local Info29
  • Home Buying64
  • Home Selling5
  • Market Conditions23

Activity 5
Tue Mar 25, 2014
Cono Natale answered:
You may want to at least sit down with a realtor to get a better idea what the property is worth. All potential buyers will need to pass the baord and even neighbors will need to show what they will do with the property. Working with a realtor will guide you and educate you on your sale. ... more
0 votes 6 answers Share Flag
Wed Jan 11, 2012
Lindsey Newman answered:

Like in any market, the prices are determined by what buyers are willing to pay for a property. This is dependent on the comparable prices with other properties that have sold in the building, and then checking to compare with how much money apartments have sold similar buildings in the area. This is exactly the type of information a Licensed NY State Real Estate Broker would do research about, in order to help their clients.

I wish I could say that Real Estate Brokers had a significant influence over prices, but in reality, the market determines the prices. That being said, I strongly believe that prices have been lowering in units that were for the most part, overpriced. However the question you are asking is really much more complicated than you may have originally believed. This is because even though there might be an average price per square foot that prices have fallen, to get the answer that applies to the type of property you are interested in getting information about, you would really need to be able to identify which buildings are similar in the neighborhood as far as time when it was constructed, building amenities, location to public transportation, etc., etc. Again, a Licensed Real Estate Agent will be able to help you figure all this out.

My best recommendation is whatever you decide to do, you should know that if you plan on looking on your own, when you answer ads for apartments for sale, you are responding to ads that are placed by the Seller's Brokers'. These people are hired by the sellers to get the highest price possible for the apartments they represent. Since a commission is going to be paid by the seller anyway, and it costs you absolutely nothing, you should have your own representation, in the form of a Buyer's Agent.

Lindsey Newman
Senior Real Estate Sale Associate
... more
1 vote 12 answers Share Flag
Thu Apr 30, 2009
Yocari Lara answered:
Hi Roromarks,

Your question has many variable, but ultimately it has to do with how much equity you have, how much your monthly output is and how much you'd rent for vs sell for - tough questions to answer in any market and perhaps tougher now.

Let me know if I could be of assistance.

... more
0 votes 1 answer Share Flag
Sat Jun 21, 2008
Manoj Tewari answered:
Why and how do you care? if he offers the highest price; as a seller that should be your number 1 concern; walk away with your money. If he gives you a million bucks for a 900000 apartment - just to prove something; how do you care you'll end up using the money elsewhere where those folks are not there.

But if you feel they are giving you a low offer, you have the right to refusal... its your apartment you are selling it to get the most money you can!!! Get a real estate broker to take your listing and expose it to the entire brokerage community. someone like me......good luck
... more
1 vote 11 answers Share Flag
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