Selling a home in New York can be challenging. From determining the right price to navigating a stressful closing process, there are a number of steps that must be taken into account.

The best way to sell a home in NYC is with an experienced real estate agent. Clever connects you with top local agents who can guide you through the entire process. Plus, they charge just 1.5% commission, saving you thousands!

1. Use a Real Estate Agent

Homeowners considering selling a property in NYC often wonder, “Do I need a real estate agent?”

Real estate agents’ market expertise, pricing strategies, time-saving abilities, and negotiation skills are all valuable assets in New York City’s complex real estate landscape. They can help sellers maximize their returns on investment while navigating a seamless, stress-free transaction.

In addition to assisting with pricing and marketing, real estate agents can also guide homeowners through necessary repairs, ensuring that their properties are ready for sale. In some cases, these upgrades may even add to the home’s overall value. Lastly, real estate agents know how to navigate the complex process of submitting offers and counteroffers.

2. Market Your Home

Selling a home in New York can be a daunting task, but there are certain quality practices that can help ensure a successful sale. These include making your property irresistible to buyers and providing a competitive price.

The first step is to determine your home’s fair market value. This can be done using online tools, such as the comparables report on StreetEasy.

Then, you can market your home by advertising it on social media and websites. You should also consider hiring professional real estate photographers. According to VHT Studio’s analysis, homes that are professionally photographed sell 32% faster. You can also use scheduling apps like Calendly and Mixmax to manage showings.

3. Make Repairs

If you’re planning to sell your home, you should consider making certain repairs. These upgrades can improve your property’s value and attract more buyers. However, you should avoid making any costly improvements without a professional’s advice.

Buyers may reject a home that has issues like water damage or a cracked roof. Make sure you disclose these issues in your listing. Otherwise, the buyers may walk away from the deal.

Another way to attract buyers is by offering cash offers. Selling to a cash buyer marketplace like Houzeo helps you get as much exposure as possible on the MLS and save thousands in real estate commissions.

4. Price Your Home Right

When selling a home, the price is key. If your house is overpriced, it may sit on the market for months without any offers. However, if your home is priced competitively, you can get offers quickly and close the sale quickly.

A real estate agent can help you determine what your home is worth by creating a comparative market analysis (CMA). They will look at similar homes in your neighborhood, building, and even the same floor to get an accurate picture of your property’s value.

Sellers can save on realtor commission by listing their home with a discount real estate broker. These brokers usually charge 1.5% to 3% commissions and offer many of the same services as traditional agents.

5. Prepare for Showings

It's a good idea to make sure your home is clean and uncluttered before each open house or private showing. This will help buyers visualize your home as their own and can also prevent misunderstandings that could lead to a renegotiation of the contract.

Sellers should prepare to answer questions about the property, including its history and any recent repairs. They should also be ready to decline any requests by the buyer to make repairs as a condition of closing, since most properties in NYC are sold as is under the principle of caveat emptor (buyer beware).

Understanding the steps of selling a home can be stressful, but the process can go smoothly with guidance from an experienced agent. Clever connects sellers with top-rated agents who can guide them through the entire home sale process.

6. Negotiate

Selling your home is often an emotional experience, and negotiations can be especially stressful. It is important to work with a real estate agent who can help you navigate the process and secure a great deal for your property. They can also negotiate buyer incentives like paying closing costs or providing repair credits.

With the right strategy, you can sell your home quickly and easily in New York City. To get started, reach out to a StreetEasy Expert today to be matched with an experienced listing agent. Using a trusted expert can make all the difference in this highly competitive market. And remember: There's a buyer out there for every quirk, even if it's a tub in the kitchen.