I just closed one in that area. A lot depends on the building..location etc.
I would be happy to give you a free evaluation and provide you with comps.
Cary Zimbler
Exclusive Agents Realty inc.
917-652-5150... more
Hello Sellon. Your property is overpriced, full stop. 6 months to a year will not make a difference in your price. Market appreciation will take much longer than that.
Jackson Heights is a study in the dichotomy of pricing. On the one hand the historic district (which is the most sought after part of JH) tends to spike in price. If you go up another few blocks, pricing drops for roughly the same size Coop. If you go up to the Northridge and Southridge Coops, pricing drops like a stone.
The JH market isn't depressed. It's just a tough market. Good luck.... more
Bridget Allim, GRI, CBR, ABR, Broker, Queens, NY.
I have many investors, who are ready, willing and able to go into contract, and will pay top $$$ for some
of your properties in Queens, Brooklyn, and all areas of NY. Pls send your updated list to balli62@aol.com... more
Well, it will depend if it is, or was, your primary residence for 2 of the past 5 years or not and if married or single. It would be better to ask your tax adviser to get a better answer. You will need to know your property basis too.... more
Sales people that conduct business in this manner is what gives most of the Professionals in the business a bad name. Report this person to their Broker, Office/Board of Realtors/National Association of Realtors and best yet, I would let it be known in your LOCAL Paper. What a disgrace... more
Nope. This is the chance you both take on. I suspect nobody really looked at the financials of the buyer, hence the problem. If you did use a broker to help sell your place, he did a very bad job of vetting the buyer. If you didn't use a broker well...tsk, tsk, tsk.... more
Josephine nice job ,you asked a valid question and at the same time brought attention to you listing and the price reduction, Very creative :o)
#1 log into your MLS with your password and mls number. left click on button
#2 left click on the link that says my personal listings.
#3 find your listing and click on that link
#4 left Click on Edit listing
#5 A popup will appear asking are you sure you want to edit this listing ? left click on ok
#6 Another page and button will pop up asking you if you want to continue or cancel. (Left click on continue.)
#7 left click on the prices dates and terms link.
#8 enter the price you want and left click on submit listing.
#9 Another page will pop up ...Left click on continue and your done. And people think our job is so easy.... more
Have you and other owners considered taking issue with the board regarding the strict requirements, and or consulted with an attorney, especially if such a rule was not in existence before your purchases. Again consider grouping with other owners and make your voices heard, attend board meetings, ask questions as to why such high requirements, etc.... more
If you wish to sell your house, you can sell it to anyone you care to. If you no longer wish to sell, no one can force you to.
If this person was introduced to the house by another Realtor, but that Realtor could not bring about a meeting of the minds to finalize the sale, you have no more obligations.... more
Hi Brandy,
In New York State, Not "automatically". Unless specifically added to the contract the seller can only get a portion of that deposit to pay expenses incurred. Check with your attorney on the specifics.
Good Luck,
Zisis... more
Please speak with a tax professional as well as the attorney who will be completing the deed transfer. There may be some IRS tax consequences and a local (NYC/NYS) transfer tax may also apply as a result of the conveyance.... more
The seller remains the title holder and owner of the property until the property is actually legally foreclosed upon or sold. Thus, the seller can indeed set and agree upon a sale price and the buyer itself. However, ultimately, if the bank will be asked to accept an amount lesser than what the homeowner owes it (asked to accept a short sale)- the bank will have the final say on the selling price and even the buyer. A lender can, and is likely to, accept a stronger buyer over a weaker buyer, even if the selling price is less.
Basically seller has to find agree on a price and a buyer and then propose the terms (and qualifications of buyer) to the lender for its approval. Technically a seller can certainly do his own short sale, but based on the complexity of the transaction and the need for strong negotiation skills, it is highly advisable to use both a short sale familiar broker as well as seller's attorney.... more