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How to Sell a Condo in NYC

Posted by hauseit on February 27, 2017
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Learning how to sell a condo in NYC is critical if you want to avoid wasting months of your life in an unsuccessful For Sale By Owner (“FSBO”) attempt.

Most articles on the topic of how to sell a condo in NYC will simply be advertisements for brokerages charging the standard 6% commission to sellers. If you ask your real estate broker friends, you’ll be sad to find out that most of them will try to convince you that paying 6% of your sale price in agent fees is some sort of law you must follow.

Fortunately, you can avoid these common real estate agent lies and quickly learn how to sell a condo in NYC through the steps below and by perusing our extensive blog.

Save 6% Percent When You Sell with an Agent Assisted FSBO

Have time to show your home yourself? Consider our self managed, For Sale By Owner listing option that gives your home the same marketing exposure as if you’d paid 6% commission to a traditional listing broker.

How to Sell a Condo in NYC If You’re Too Busy for Showings

Just because you’re a busy working professional who can’t step out at odd hours during the work day to show your apartment doesn’t mean you have to succumb to paying 6% commission. You can work with a top rated, local REBNY Member Firm for only a 1% listing fee. Best of all, the sale process will be identical to what you would have received by paying 6% commission! Our brand name, highly experienced and highly rated partner brokers have discreetly agreed to a reduction in listing agent commission.

They will conduct all showings and open houses, manage and negotiate all inquiries and keep in touch with you as the manager of your sale process.

Best of all, your listing will appear exactly the same as our partner brokers’ other full commission listings. The fact that you aren’t paying full commission can only be revealed by looking at your listing agreement. It’ll be our little secret!

Don't have time to sell your home For Sale By Owner?

Sell your home for only 1% seller’s broker commission! We’ve negotiated private label discounts for full service with New York’s finest listing agents so you don’t have to. Work with the best for less!

How to Sell a Condo in NYC If You Can Show Your Own Home

If you happen to have flexible working hours or the ability to work from home, then you’re in luck! With Hauseit’s flat fee MLS listing service, you have the ability to thoroughly syndicate your listing to every broker database and search website that a traditional broker would. Our flat fee MLS listing service enables home sellers to list their home on the RLS (REBNY Listing Service) which is the equivalent of the NYC Multiple Listing Service as well as many popular sites such as the New York Times, Homes.com, StreetEasy, Zillow, Trulia, Brownstoner and more. Sellers only pay a one time fee of $399 and can potentially save on all 6% of the traditional broker fee if they find an unrepresented buyer. Sellers will only be liable for the 2-3% commission they’ve offered buyers’ agents on RLS if they end up doing a deal with a represented buyer.

Best of all, your listing will appear the same as our highly rated partner brokers’ other full commission listings. However, because you will be responding to inquiries, it’s important that you learn how to deal with buyers’ agents before you begin. Just remember, there’s no upside for you to reveal to buyers’ agents that you aren’t paying full commission! Just let them do their jobs and show your home to their buyers!

Save 2% on Your Home Purchase

Save money without disrupting your deal by working with one of our traditional, experienced partner buyer's brokers who never openly discount. Discreet buyer closing credit check given at close.

Make Sure Your Home Is in Viewing Condition

Windows – this will cost you several hundred dollars (nothing is cheap in New York) but will be well worth it to have your windows cleaned. This is especially important if your apartment has a nice view or gets great light that you want to show off.  A good view is extremely valuable, why would you want to hide it?

Home cleaning – this is a small investment (under $200) and self-explanatory.  Hire a team of maids to thoroughly clean your apartment before you have your apartment professional photographed.

Floors – if your floors are particularly scratched up, consider having your entire floor re-sanded if you have hardwood floors. You can do it yourself, or more likely hire a contractor or your building superintendent to do this.

Pro Tip: Your home has seen some wear and tear. You’ll want to make sure it’s in sparkling condition before you put it on the market. Though it will be more work for you, polishing up your apartment will be a trivial investment compared to the potential payoff of selling your multi-million dollar apartment for a higher price.

Hauseit® Best Deal Guarantee

Real Brokers. Discreet Savings. You’ll always get the best deal through Hauseit, we guarantee it. If you find a better deal elsewhere, we’ll beat it. Plus, you’ll always be paired with a trustworthy, experienced, brand name real estate broker who never openly discounts so other agents won’t treat you or your agent any differently.

Take Professional Photographs of Your Home

There is a tremendous difference between digitally re-touched, professionally taken photographs vs amateur cell phone snapshots taken by an owner. Just take a look at these before and after photos:

How do you sell a condo if you can't take time off from work to conduct showings? What do you need to do before you list a condo for sale? We'll teach you how to sell a condo in NYC and guide you through the next steps you'll need to take to prepare your New York City condo for sale.
How to sell a condo in NYC

Sometimes, it takes direct feedback from buyers about how horrible their photos are for FSBO sellers to realize that professional photos are truly worthwhile. However, by the time they invest a few hundred dollars in stunning new photos of their home, they’ve already wasted weeks or months of time on market. It’s one of the three most common FSBO seller mistakes made in NYC!

Hauseit® Buyer Closing Credit

Save thousands on your purchase with a discreet buyer closing credit without disrupting your deal or upsetting the other party. After all, what’s the point of a sweet closing gift if you don’t close?

Have a Floor Plan Drawn and Measured of Your Home

If you’re not sure that you the rights to your apartment’s floorplan listed online, then you should have a new one drawn and measured. If you’ve ordered Hauseit’s professional photography product, we can arrange to have a floorplan drawn at the same time as your photography appointment for an additional fee. Standard floorplans will have measurements and be 2-D black and white.

Save 6% Percent When You Sell with an Agent Assisted FSBO

Have time to show your home yourself? Consider our self managed, For Sale By Owner listing option that gives your home the same marketing exposure as if you’d paid 6% commission to a traditional listing broker.

Write a Beautiful Listing Description

Our guide to how to sell a condo in NYC wouldn’t be complete if we didn’t include advice about how to write a property listing description!

To sell a condo in NYC you need a well crafted, informative but short paragraph or two about your home. Most of the description should be about your home itself, and the last part can include information about your building or neighborhood. For inspiration, take a look at current and past listing descriptions written by professionals in your building!

Sample online listing description

Get two bedroom apartment for the price of a studio! Move right into this convertible two (junior four) in a luxury doorman cooperative on Manhattan’s coveted Upper West Side. Apartment features open kitchen with stainless steel appliances and granite counter-tops, luxurious bathroom with rain shower head, custom-designed closets, cherry red wood floors and an office that is convertible to a second bedroom! This is a 10% down building with a newly renovated lobby, beautifully planted roof garden, garage, bike, laundry and storage rooms. Pets, pied-a-terres, guarantors and co-purchasers are welcome. This building currently has an assessment. The maintenance is $1,500 while the assessment is $2,000 a month.

Make sure you understand what qualifies as a legal bedroom in NYC! FSBO sellers often overstate how many bedrooms their apartment has. If you overstate the number of bedrooms in your apartment, your listing may be reported by an angry buyer or real estate agent to the website it’s posted on. We’ve seen many cases of the real estate search website correcting the number of bedrooms on a seller’s behalf.

Don't have time to sell your home For Sale By Owner?

Sell your home for only 1% seller’s broker commission! We’ve negotiated private label discounts for full service with New York’s finest listing agents so you don’t have to. Work with the best for less!

Disclosure: Hauseit and its affiliates do not provide tax, legal, financial or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal, financial or accounting advice. You should consult your own tax, legal, financial and accounting advisors before engaging in any transaction. The services marketed on Hauseit.com are provided by licensed real estate brokers and other third party professional service providers. Hauseit LLC is not a licensed real estate broker nor a member of any multiple listing service (MLS).

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  • Fully market your home on your local MLS and dozens of popular websites with Hauseit’s Agent Assisted FSBO Listing Service. We offer the REBNY RLS which covers NYC, the HGMLS which covers the Hudson Valley, and the MLSLI which covers Long Island. An Agent Assisted FSBO is so much more than a flat fee MLS listing. That’s because your home is listed by one of our reputable, traditional partner brokers who never openly discount their services. As a result, not only will you receive the same marketing exposure as a full commission customer, your listing won’t be treated any differently by other brokers!