Sellers Guide

SELLER’SGUIDEAT BOND, WE ALIGN WITH YOU TO FORM A PARTNERSHIP.Selling a property in New York City can be a stressful experience, but it doesn’t have to be. There aremany moving parts that go into selling your home from buyer approval from lenders and co-op boardsto pricing your home correctly and making sure you have a team of professionals ready to assist so thatnothing falls through the cracks.Our Seller’s Guide provides the information you need to ensure your home-selling process is rewarding.

WHAT DETERMINES PRICEOur brokers look at various aspects to determine the market value of your property.We take into account things such as: LOCATION The single greatest factor in determining the price is location.COMPETITION Buyers will compare and interpret value based on other available properties.TIMING Market conditions change and cannot be manipulated. An effective marketing plan and pricing strategy must take these conditions into account.CONDITION Property condition directly affects the price and speed of the sale.MARKETPLACE In the end, it’s the marketplace that will determine the price. At BOND, we use our vast knowledge of, experience in, and data on the New York market to calculate where we think the property will trade, but ultimately, the market dictates the actual price.

MAXIMIZING YOUR REAL ESTATE VALUEOften, simple cosmetic changes can be made with minimal time and expense to increase the value ofyour property. Since buyers compare competing properties, we suggest a few practical tips to makeyours stand out. Eliminate clutter Your property will feel larger and brighter, while allowing prospective buyers to explore it comfortably, envisioning it with their own personal touches. Repair If you think something is too much trouble to fix, chances are buyers will, too. Making repairs allows you to present your property in a better light and increase its value. Clean Presenting a clean home to a buyer shows them the home has been valued and cared for. Presentation Place fresh flowers in the apartment, open all of the drapes/blinds, turn on all of the lights, make the beds, put all clothes away, turn off the televisions, and be sure the kitchen and baths shine. Leave Potential buyers are much more comfortable and will be more likely to discuss how they feel about a property if the seller is not at home during the showing.

FREQUENTLY ASKED QUESTIONSH ow do we make sure that a buyer is not only qualified to obtain a mortgage but also that he or she can passthe co-op board?Before showing a potential buyer your apartment, we will provide him or her with a financial analysis form to fillout. This will give us a complete picture of his or her assets, liabilities, and income. We will then compare thesenumbers to the requirements of the co-op board to help “prequalify” the buyer.Once an offer is accepted, how long will it take to get to closing?It generally takes seven to ten days from accepted offer to contract signing. From there, the average amount oftime necessary to get to closing is 60 days for a condo and 90 days for a co-op.How long should it take to sell my property?Market conditions change constantly. On average, apartments take between 14 and 18 weeks to sell. Your BONDNew York sales agent will do everything possible in an effort to get your property sold fast and for an optimum price.How many different agents will actually be showing my property?It is the policy of BOND New York that only the listing agent with whom you have entered into an agreement willshow your apartment. That agent will never leave keys for another broker or allow other agents to show yourapartment without being present unless you have given prior consent.Will you conduct open houses every Sunday?We generally like to run an open house every Sunday for the general public. We also recommend periodicallyconducting a “Brokers’ Open House” specifically aimed at brokers as opposed to buyers. We have found this tobe a good way of getting constructive criticism and feedback from other professionals. *It is prudent to check with a bank/mortgage broker for any additional fees. These are only estimates. Please confirm specific costs with an attorney and/or bank.© 2016 BOND New York. All material presented herein is intended for information purposes only. While information is believed to be correct, it is represented subject to errors, omissions, changes, orwithdrawals without notice. BOND New York is a broker that supports Equal Housing Opportunity.Contact: Ray Anam BONDNewYork.comPhone: [email protected]