Hi Mama, I am just tuning in to your thread, but I'll say one thing - 5 or 6 showings in a week is terrific activity in this market. If you are not selling, evaluate your price. You've got the activity level that should attract an offer if the price is right - although you are the lowest price two bedroom at present, your price may still be too high. Fact is, if it isn't selling, then the price is too high.
Search and connect at http://www.feenick.com... more
You haven't said where your condo is located, but in general the market is much slower this year than last and condos feel the slowdown quicker than do single family homes. Since the dues are putting people off, you might consider paying the first five years of dues. You could do this with a credit to the buyer at closing. The appearance and condition of the condo is of paramount importance. Definitely check out your competition by viewing the interiors of each. You want to be positioned to look like the "best of the bunch" If you haven't already spoken to a professional stager, I would recommend interviewing 2 or 3 and hiring the one with the best ideas. Finally pricing is critical. A house priced at or below market value will sell first. To obtain market value, look at pending sales of other condos in your complex and in others in teh area and ask your agent to ascertain the contract prices of the pendings. Hope this helps and good luck to you.... more
If you list your rental with a realtor, a fee must be paid to the broker (usually 50% to the listing broker and 50% to the selling broker). The realtor fee is typically equal to one month's rent although I have seen listings that request 10% of the total lease price, etc. The realtor fee can be paid by the landlord, the tenant or split between both. Keep in mind that if you want the tenant to pay the commission it is a huge sum the tentant must come up with out of pocket (first month's rent, 1 1/2 month security and then the rental fee equal to one month's rent). When I am working with renters, we typcially see the rentals wherein the landlord is paying first before moving to the rest.
So to answer your question, when you list with a realtor, if the place gets rented...the broker gets paid.
Gina Chirico, Sales Associate
Prudential NJ Properties
Good Afternoon. Sounds like you have a gem! If the regular feedback says buyers are afraid of the fees, then break the fees down. Have a presentation sheet they can take with them showing the breakdown of the fees by utility, spa, doorman, etc - then compare to another competing property and what their estimated bills are to show that it is comparable.
Also, I find that buyers often give excuses instead of real reasons. After a year on the market, it is time to give it a new spin. New photos, new tag lines, new description, new fliers, etc.... more