One question many first-time sellers have is – how to sell an apt in NYC? The process may differ slightly for every one and based on what kind of apartment they are selling (because co-ops might be more challenging to sell than condos). But the basic steps are the same. The first thing you need to do is find a broker/a real estate agent. A seasoned New York City broker can make the process of selling an apartment incredibly easy and ensure that you get a good price for your property.
All the subsequent steps to sell your apartment in NYC, you would take with your agent/broker. This would start with creating a listing, for which your apartment’s professional (ideally) photos will need to be taken. You can decide whether or not to stage your apartment but you should clean and declutter it.
You also need to come up with the right asking price for the apartment for which you need comps data – the price at which comparable apartments sold recently, ideally in your building.
With the listing up, the process is to field calls from buyers and buyers agents and to arrange visits for them to see the apartment in person. You can also throw an open house so multiple buyers can come at once.
Then, some of them will make offers. You and your agent can negotiate with them on the price and terms of the agreement (like making repairs in the apartment or leaving money in escrow). Then, you can accept an offer and move to closing.
One additional step, if you are selling a co-op apartment is for your co-op board to approve the buyer and the sale. If they reject the buyer, you have to start the process from the beginning. One way to get around this is to work with an agent that has already helped people sell apartments in your co-op and knows the board process and preferences.
