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Sellers Guide

Preparing your Property for Showing

 

  • Selling residential real estate is our business. We encourage sellers to learn from our experience on how to expose the most attractive features of your property and prepare for showings or open houses.
  • Make sure your rooms are not cluttered clear as much as you can, this could include chairs, lamps, magazines, toys, and tables that you don't give any use.
  • Windows should always be clean when showing. Blinds and curtains should be open and lights should be on to brighten the room.
  • If the paint is peeling or cracking, consider painting the apartment/condo, house.
  • Keep in mind that closets seem bigger if they are not too full.
  • Clean your bathrooms, kitchen and mop the floors.
  • Flowers, potpourri, or even the smell of freshly brewed coffee will make your home more inviting.
  • Agents and buyers often feel more relaxed and comfortable discussing the property in private. Perhaps you would prefer to be away during the showing?
  • Consult a fountain agent about researching comparable sales to price your property.
  • Following our guidance will help you sell your property for the highest possible price in the most effective manner.

 

Bidding and Negotiating

 

  • Our agents will request all offers in writing. Based on the building requirements we will pre qualify every buyer and may request a financial statement with the offer.
  • Since we owe our fiduciary responsibility to you the sellers our goal will be to negotiate the highest price possible keeping in mind not to lose the buyer. With countless transactions and negotiation experience we will guide you through every step of the way making sure a successful transaction.
  • Our marketing efforts sometimes may produce more than one buyer interested in purchasing your property. Our agents are trained in coordinating healthy bidding wars and finishing with an ethical Last & Final step. It takes a skilled broker to coordinate a successful bidding war.

 

process from listing it to selling it

 

  • Comparative Market Analysis
  • Pricing Property
  • Marketing Plan
  • Listing on MLS
  • Advertising online
  • Advertising Print
  • Mailing campaign
  • Open Houses
  • Scheduling appointments
  • Progress report
  • Presenting offers
  • Offer & Acceptance
  • Deal sheet out to lawyers
  • Due diligence
  • Contract signed by buyer
  • Board package
  • Contract signed by seller
  • Commitment letter for mortgage
  • Submit board package
  • Possible board interview (case by case)

 

Closing Costs

 

 

Cooperative Apartments

Broker fee : 6% typically co-broke ( split between seller's and buyer's broker ).

Seller's attorney: $2,000 and up (please consult with your attorney)

Coop attorney: $450 and up

Stock transfer tax: $.05 per share

Move out deposit: $1,000 and up

New York City transfer tax:1% of gross purchase price up to $500,000, 1.425% of price if over $500,001

New York State transfer tax: 0.4% (.004) of price

Payoff bank attorney: $350

UCC-3 filing fee: $75-$100

 

Condominiums and Townhouses

Broker fee: 6%  typically co-broke ( split between seller's and buyer's broker ).

Seller's attorney:$2,000 and up

Managing agent fee: $450 and up

Move out deposit*: $1,000 and up

New York City transfer tax:1% of gross purchase price up to $500,000, 1.425% of price if over $500,000

New York State transfer tax: 0.4% (.004) of price

Miscellaneous title company fees: $200 and up

Mortgage Satisfaction fee $300-$350

Important note: Some of the above fees are estimates. All information is subject to errors, omissions and changes in facts and or circumstances.