Selling a house in New York is a big deal, and navigating the state's unique real estate market can be challenging. But by learning as much as possible about the process and having an expert in your corner, you can make a smooth, successful transition to your next home.
A top-performing agent can help you sell your house in New York by providing local market expertise and guiding you through the home-selling process. They'll help you price your house competitively, based on comparable sales in your area, and take into account the state of your home's condition and any necessary repairs or upgrades.
Curb appeal is key for attracting buyers. You may need to mow the lawn, paint the exterior, or add flowers to the front door to create a welcoming first impression. Your agent can also advise you on staging your home, a service that typically costs $100-500, to highlight its best features and promote it to potential buyers.
Showing your home is a huge part of the sale, and arranging and managing showings can be stressful. It's important to set up a system for showings that works for you, and keep your home in top condition for when potential buyers tour it.
During the selling process, it's vital to be aware of your responsibilities and obligations in relation to federal disclosures, such as lead-based paint and flood risks. You'll need to provide these to buyers, either by laying out hard copies at each showing or sending digital versions to them and their agents.
You'll likely need to pay property taxes at closing, but the exact amount varies by county. Closing costs can also include escrow, attorney fees, and seller concessions. These are typically negotiated as part of your purchase agreement with the buyer.
New York is a large and diverse state, so the home-selling process looks different in each market. Your local agent can help you understand what's going on in your market, including whether it's a buyer's or seller's market. They can also suggest the best way to prepare your home for sale and recommend a reliable escrow company.
The real estate process can be confusing, especially if you're selling your home without a broker. This option, called FSBO (for sale by owner), saves you the cost of paying real estate commission but comes with significant risks. To avoid pitfalls, consult a guide like this one from Hauseit that provides step-by-step instructions for managing your own FSBO sale. It can help you save on commission but still have the peace of mind that comes with working with an experienced, professional team.