Selling on your own? Prepare & Investigate the following:

Posted in Selling on February 27, 2010 at 1:24 pm

You should ask yourselves these questions so that the sale of your home is a smooth transition.  And to show any potential buyers that you are serious!

Where are current interest rates?

What have similar apts in your building (or nearby) sold for? Very important – do not confuse with what they are asking…

What happens if my home does not appraise for the selling price?

Do I have the managing agent information and board package?

What will potential buyers need in order to pass the board requirements?

How long will the sales process take my apt?

What taxes will I or my potential buyer need to pay for?  (both fedaral/state taxes & building taxes)

What Federal & State laws do I need to follow in order to sell?

How much in taxes can I expect to pay after the sale? (both fedaral/state & building taxes)

What tax implications will the buyer expect to pay? (both fedaral/state & building taxes)

JoeDNYC