For Sale by Owner Steps in NYC: https://www.hauseit.com/for-sale-by-owner-steps-in-nyc/
Save up to 6% in Commission by Selling Agent Assisted FSBO: https://www.hauseit.com/fsbo-nyc/
Preparing for the Agent Assisted FSBO sale process before you list your home is a prerequisite for success. You may be asking: can’t I just list my property and deal with questions or issues as they arise?
Unfortunately, being unprepared is a recipe for disaster. This is because selling real estate is all about momentum. Once you list, you can’t afford to delay the sale process while you figure out how everything works and try to track down missing documents or information that buyers are asking for.
What Is an Offering Plan? https://www.hauseit.com/offering-plans-co-ops-condos-nyc/
What Is an Alteration Agreement? https://www.hauseit.com/sample-alteration-agreement/
If you are selling a condo or a co-op, here are the documents you should assemble before listing your property:
• Offering Plan
• Last 2 Years of Building Financials
• Purchase and Sublet Applications
• House Rules
• Alteration Agreement and Decorative Rider
For a co-op, you should also request the Annual Tax Deduction Letter, Sublet Policy including fees and the building policies for pied-a-terres, co-purchasing, parents buying for children and guarantors.
You should also be prepared for other common information requests from buyers, including:
• 5 Year Maintenance or Common Charge History
• Current and Recent Building Assessments
• History of Building Capital Improvement Projects. For example, when was the last time the roof, boiler, façade and elevator were upgraded?
If you are selling a house, you should be prepared to address any outstanding Department of Building violations or issues with your home’s certificate of occupancy.
It’s also a good idea to choose a real estate attorney before you list your home. This will prevent any delay from the time of an accepted offer to when you circulate a deal sheet to the buyer and both attorneys. Just remember, any delays will kill momentum and put your entire sale process at risk.
Feeling overwhelmed? If you’d prefer to have a traditional agent handle your sale, you may wish to consider Hauseit’s 1% Full Service Listing Option. To learn more, please email, text or call us.
Questions to Ask Your Real Estate Attorney in NYC: https://www.hauseit.com/questions-to-ask-your-real-estate-attorney-in-nyc/
For more insider tips and tricks about the sale process, subscribe to our channel and visit our blog and forum at www.hauseit.com.
