How to Sell an Apartment in NYC

WARNING: Do not blindly pay 6% to a NYC listing agent before reading this article. Even if you don’t have time to sell FSBO in NYC, you can simply hire a full-service listing agent for just 1%.

Do you Need to Pay 6% Commission to Sell an Apartment in NYC?

How to Sell an Apartment in NYC Option 1: Old School FSBO Method

What is the ‘Old School’ FSBO Method?

Why doesn’t ‘Old School’ FSBO Work?

Reason 1: Lack of Buyers

Reason 2: You are a Target

How to Sell an Apartment in NYC Option 2: Agent Assisted FSBO Method

What is the NYC ‘Agent Assisted’ FSBO Method?

Why is the Agent Assisted FSBO method so effective?

How to Sell an Apartment in NYC Option 3: Discount Full Service NYC Listing Agent

Risk 1: Buyer’s Agents Boycott Your Listing Agent

Risk 2: Poor Quality

How do I Find a Quality Listing Agent Who Will Work for Less?

How to Sell an Apartment in NYC Option 4: Full Price, Full-Service Listing Agent

How long does it take to sell an apartment in NYC?

Condo vs. Co-op

Cash vs. financed deal

New construction, sponsor sale or private resale

Pricing

  • Ultra high end units ($5m+) — can take significantly longer to sell
  • Ultra affordable properties (HDFC units, etc.) — usually sell in a matter of weeks
  • Units in buildings with litigation issues or other obstacles for buyers seeking financing — can take significantly longer to sell
Content courtesy of https://www.hauseit.com/how-to-sell-an-apartment-in-nyc/

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Hauseit

Save money when buying and selling real estate in NY and FL with Hauseit. Available in NYC, Long Island, the Hudson Valley and South Florida. www.hauseit.com