For Sale By Owner
Started by ls13985_1958293
over 9 years ago
Posts: 0
Member since: May 2016
Discussion about
I want to sell my coop in Bkyln, I already found an all cash buyer. Brokers started calling me (one resides in the same coop complex) and telling me almost openly that if i don't hire them, my buyer will not pass the board. HELP!!!
Sounds like an issue for The Dept of State.
Why not call the State Board of Regents?
Neither they nor the Department of State will timely resolve your issue, but at least you might learn something.
This is another reason to work with an assisted FSBO/Owner Managed service like my company, RealDirect (www.realdirect.com). When we represent the seller, it forces all brokers to speak with the us as the broker, and we can eliminate the nonsense intimidation that can sometimes occur. Fortunately most brokers won't play that game, but there are enough bad eggs out there, that if you are active in the market, there's a more than good chance you will run into one of them.
You should record what they're saying. I wouldn't be surprised if some of this harassment is in writing (some are not exactly the brightest characters in this industry, many with barely a HS education giving the rest a bad name) and report it to REBNY, the NY Dept of State or even the anti-trust division of the DOJ if necessary!
This is a good article on how to deal with nonsense and harassment like this: http://www.hauseit.com/how-to-deal-with-broker-solicitation-when-selling-fsbo/
Remember, if you list with a REBNY member you won't experience any of this intimidation, it's against REBNY rules and subject to fines up to $10,000! I would check out Hauseit, they'll pair you with a local, full-service, traditional REBNY member firm who will discreetly provide you with a break in commission (either 0% for self service for 1% for full service). Good luck!
Is, Just work with board member to ensure this is the type of buyer they are looking for. In addition, please make sure that the package is prepared well as in all the required documentation is indeed included and property numbered (not a hodgepodge of docs). Good luck.
1. In general, first and foremost, the boards want the ability to make continued maintenance payments (and mortgage which is not relevant in this case). They typically prefer US income rather than assets unless you have really large liquid US based assets.
2. Beyond that, they want the buyer to pass criminal and credit check. No broker will assist you with that. It is what it is.
3. They want someone to behave in the interview rather than obnoxious. They can not have the attitude that I am paying cash, so you should be thankful to have someone like me. A little friendliness and deference. That is all the board typically needs.