Q: I am thinking of selling my co-op. Can you explain the process and where I should begin?
A: The process of listing your apartment for sale has several steps, so finding out as much information as possible in advance is an excellent idea. Your co-op’s managing agent is an excellent resource. You’ll want to get a copy of the purchase package requirements and fee structure for prospective buyers. It is also helpful to consult with a real estate attorney who can help you gather the necessary documents for the transaction. Finally, doing your part by familiarizing yourself with market conditions will help you to establish your property’s value–accurately-priced properties are selling.
In today’s market environment, qualifying prospective purchasers is key. We strongly advise hiring a real estate professional who is familiar with your co-op. We’d be most happy to assist you in selecting an agent who has a proven track-record in sales in your co-op.