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Updated over 2 years ago on . Most recent reply
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Share your advice and wisdom
Hello Everyone,
I am new to Biggerpockets and I spend hours listening to podcats. My question to you is:
I have been living in a coop in new york for over 10 years and it is a 1 bedroom apartment. I have listed it for sale for almost a year now without any prospects. I am not able to lower the pricing because of the board restrictions but need to sell to get away from board. I hope to begin my real estate investment journey, shortly after the sell.
Any advise and wisdom is truly appreciated.
Most Popular Reply
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I'm from Iowa, so I don't know anything about New York co-ops, but I thought it was easy to sell real estate in those high population cities. When I look up "how to sell a coop in New York fast", this is what shows up.
- 1. Hire a professional photographer immediately.
- 2. Get a floor plan of your home.
- 3. Write an elegant property listing description.
- 4. Gather information and documents about your co-op.
- 5. Purchase a flat fee RLS listing
- Have you done this? It seems crazy to not have any interest after a whole year. You might need to do some upgrades to the property to get it up to standard of comparable co-ops that are selling. A good realtor could help with that.
- Hope this is helpful!