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Reccommend a Broker to sell Lincoln Center Studio

Started by RClavi
over 12 years ago
Posts: 69
Member since: Aug 2007
Discussion about
..just purchased new place in midtown and will be busy with renovations.. prefer to FSBO (as I do with all purchases) but decided its better to list with agent when selling.. any recommendations and experience? PS is it normal to ask broker to have a clause to accept reduced commission if I find the buyer myself (with exception to cover her costs, ie photos, etc)? If so what's the normal reduced rate? I never use brokers but given my new time constraints with renovating, decided to this time around thanks.
Response by NWT
over 12 years ago
Posts: 6643
Member since: Sep 2008

You could go to the brokers who sell a lot in your building and see who you like best.

Or use SE's find-a-broker tool to see whose closing prices come closest to initial ask. They'd be the ones who know the market best.

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Response by crescent22
over 12 years ago
Posts: 953
Member since: Apr 2008

No, its not normal. It is also not normal to get a break on the commission for a studio.

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Response by front_porch
over 12 years ago
Posts: 5318
Member since: Mar 2008

NWT, I don't know how find-a-broker works, but I assume StreetEasy is taking some sort of buy-in, because I don't see any of my deals on it, including a speedy and recent UWS at-ask co-op sale.

Not raising my hand for this studio deal, but just sayin'-- the old-fashioned "ask around in your building" might yield more accurate results.

ali r.
DG Neary Realty

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Response by NWT
over 12 years ago
Posts: 6643
Member since: Sep 2008

Ali, as far as I can tell, it includes all sell-side agents with closings, since SE knows who they are from the listings. For buy-side, the agents have to self-report, which most don't appear to do.

59 W 83 will count when it closes, I guess.

It's very neighborhood-focused, maybe because there'd be so much data to sort otherwise. To cover all the areas you've sold in, for instance, the user would have to add each one separately rather than just select Manhattan.

For most people I'd think the problem would be in just choosing from all that you'd know would do a good job. I'd be torn between you and West81st, not to mention people like Dean Feldman and the broker who sells a lot in my building.

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