As soon as you start considering selling your home, you need to assume success. When we first meet, we will speak about many things besides how to get ready and the expected selling price range.
Among the questions you’ll probably have is “How much time will it take to sell my home?” and “How much can I sell my home for?”
Obviously there are quite a few variables that go into that answer, some YOU control, some WE control, some NEITHER of us control. If WE team together and properly prepare, price and market your home, we can optimize the conditions that a buyer WILL find you.
Here are some selling strategies for 2012:
1. Find an Manhattan Realtor that has been thoroughly researched or vetted. Get a referral from a friend or family member. Do not be afraid to interview your prospective agent. Did you know that 72% of homeowners are dissatisfied with their agent’s performance because of lack of communication? Find one that will not add to your already stressful situation because you are left in the dark.
2. We will be reviewing average days on market (DOM), it’s literally that, an average of all similar apartments in New York, Manhattan. You’ll notice that some NYC condos sell in a few days especially if you a get a foreign cash buyer; some may take months. Some homes have a lot of demand– and some Manhattan property, the buyers reject for a host of different reasons. But–be in the know what the average days on market are from properties in your price point, space and location, so you have a projected reasonable amount of time to expect your unit to move.
The question is, if you’re one of the “just a few days” sellers, are you ready to move quickly? Do you have a place to go? Friends or family? A Manhattan apartment to rent? Where will you temporarily store all your belongings? You need to have an exit strategy so you can react quickly to your purchase offer before the buyers sees another bright and shiny NYC condo that draws their attention.
3. Know your mortgage information, closing costs, and any other major renovation costs that may have gone into the property so you know what your bottom line will be. You may also want to keep a diary of all apartment costs, repairs, with the invoices and dates of service and what exactly was done.
4. Check the market for other homes like yours that are on the market and that have closed recently, so you have a good idea what your apartment can fetch. Keep in mind that you need to find like kind ownership stake, building style and service and similar areas for your comparison. This will give you a realistic view of what the market is doing.
Call me today for a free expert evaluation of your home!
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