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sell without a broker?

Started by cp10beach3
over 15 years ago
Posts: 1
Member since: Aug 2008
Discussion about
Has anyone had any success with selling their place without a broker? Is this a realistic idea in NYC?
Response by Mikev
over 15 years ago
Posts: 431
Member since: Jun 2010

this has been covered on here a bunch of times. The short answer is only if you know how to price reasonably. Do not ask for more because no broker fee is involved. Also you probably need to be open to kicking a 1-2% fee to a buyers broker. While you can get your apartment listed and all on your own and get in the system, most buyers still use a broker and that broker will want to earn their fee somehow.

You will now get lots of answers from brokers telling you that it will not work out for you and offering their help.

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Response by apt4sale
over 15 years ago
Posts: 41
Member since: Sep 2009

how do you get your apartment listed and get in the system without a broker?
Do you think letting brokers advertise your apartment for you (as an open listing) is a good idea? Or just a scam?

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Response by MrSuttonPlace
over 15 years ago
Posts: 155
Member since: Aug 2009

I am against open listings.

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Response by apt4sale
over 15 years ago
Posts: 41
Member since: Sep 2009

why are you against open listings?

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Response by Mikev
over 15 years ago
Posts: 431
Member since: Jun 2010

It was in one of the earlier threads. It is possible to pay a fee from what i understand in order to get into the real estate system. When you say letting a broker advertise for you, normally they only do that for a a fee.

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Response by apt4sale
over 15 years ago
Posts: 41
Member since: Sep 2009

ok - I'll have to check the threads, I guess to see how to get into the real estate system.
they will advertise for you if you offer a buyers broker commission.

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Response by marco_m
over 15 years ago
Posts: 2481
Member since: Dec 2008

price the place right, put it up on streeteasy and ny times saying - No Brokers- buyers or sellers- and I bet you can sell it. Hvaing a good lawyer is the important thing.

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Response by MrSuttonPlace
over 15 years ago
Posts: 155
Member since: Aug 2009

Agree with marco_m.

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