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Updated over 2 years ago on . Most recent reply

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Nathalie Smith
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5
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Share your advice and wisdom

Nathalie Smith
Posted

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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35
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16
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John Woodhouse
  • Rental Property Investor
  • Cedar Rapids, IA
16
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35
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John Woodhouse
  • Rental Property Investor
  • Cedar Rapids, IA
Replied

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. 1. Hire a professional photographer immediately. 
  2. 2. Get a floor plan of your home.
  3. 3. Write an elegant property listing description. 
  4. 4. Gather information and documents about your co-op.
  5. 5. Purchase a flat fee RLS listing
  6. 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. 
  7. Hope this is helpful!

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