But seriously, we don't. 99.9% of the time if I find myself at a property with my clients that is more than they told me they wanted to spend, it is because they found it online (not in the search I created for them based on their criteria) and asked to view it.... more
Things may be changing a bit in 2013 or 2014. If you are making less than $200,000 a year as a single person or less than $250,000 as a couple then the answer below of the three components is correct, your attorney fee, the real estate commission you agreed to in your contract with your Realtor and the N.Y. Transfer Stamp Tax of $4.00 per $1,000 of selling price. These are the only standard and typical fees a sellers has had to pay at closing assuming your water bill has also been paid.
As of 2013, Obama Care also puts some additional tax implications for the seller but it would only apply as far as I know if your total income compensation for the year is over $200,000 as a single person or $250,000 as a married couple (that's salary plus investment equity). If you meet this criteria the next criteria to be met would be if you sell your home and realize a profit of $500,000 or more from when you bought the home after you deduct all the improvement costs you put into the home. If you meet this criteria as well, it is possible you might owe 3.8% of the net equity (equity above what you paid for the home minus cost of improvements) you have gained. I'm not sure if this goes into effect in 2013 or 2014. It is important to check this out with a financial advisor or tax professional since I do not claim to be either and the new changes are confusing. This is my understanding only. It may also be that with all the negotiating in Washington, some changes to the Health Care Bill may still be pending and may effect this.... more
Your posting is a bit confusing, but it sounds like you are recommending that we violate federal anti-trust laws. If a company has a business model that says they only list a property in the MLS or some other place and then the owner does all the work from there then that's their business model. As long as it's disclosed to the owner signing a contract then it is perfectly legal. To try and get the local board to make a rule against a particular company because of their business model would be a violation of the Sherman Antitrust Act. It is a felony. I suggest you remove that part of your posting or remove this posting in it's entirety. You might find that defending yourself in a federal court is quite expensive, even if you win.
Donald A Mituzas
Licensed Associate Broker
2008 Realtor of the Year
Director - New York State Association of Realtors
Director - Westchester Putnam Association of Realtors... more
I would recommend having a few agents come in and give you a market analysis. The price would vary depending on condition, what street you are on and a few other factors.
The number of homes on the market. How many sold and at what price are really important also.
Find a broker you trust.
I would be happy to help.
Homes of Westchester
My last blog on housing prices for White Plains gives you a realistic idea of where this market is right now. It shows prices generally flat for cooperatives over last year and sales volume down significantly. In early July there was about 4.9 months of inventory in the White Plains cooperative market. Not a buyers market. Still a sellers...but not a strong sellers market. The pricing depends on your complex. Some have risen in value such as the Broadlawn and others have remained flat or are declining slightly.
I would call this a SOLID market for a seller but I define a "booming market" as one where volume is up over the previous year and overall prices are up over the rate of core inflation. That is not the case here, but some people use different definitions. Calling something "booming" when volume is down and prices are somewhat flat can set the seller up for disappointment and unrealistic expectations. It is essential in a slower market, no matter what the inventory, to price the property in a realistic way. It's not a bad market, but it isn't 2005.... more
Go to My Listings on Trulia. Once you are on your listing page, under the listing is the option to Edit Listing. Click on this and you will be able to change the price, comments, photo etc. All the best.
the Gogain Group - Keller Williams Boice Realty, Truckee CA... more
Amy, You should definitely contact your attorney and be clear on the language and terms in your purchase contract, find out if there is a board approval contingency for the buyer. As far as recourse only your attorney can tell you that. Sometimes boards do allow appeals, each board varies. Whenever I sell a coop I screen the buyer thoroughly and even have a worksheet so we can catch any red flags in the beginning, then I tell the buyer that we are at the mercy of the board, once the management has the application package it is up to them to pass it onto the board and when the board is ready to meet they will contact the buyer. I hope all works out for you, just remember that "This Too Shall Pass".... more
Jared Dr. - which is also part of that same complex has two listings. #43 @$885k with 3 BR/3.5 BA and 2600 sq.ft. This is a relisting. The initial listing for $929k expired. 9 Jarad is smaller with 2 BR/2.5 BA and2050 sq.ft.... more