The new reality. Thirteen condos going under contract during the first 23 days of October. If you are a seller you are now in a price war with the other 523 sellers. Buyers are really discriminating. Your place better win the beauty contest too.
Top 5 Mistakes Sellers will make in this market.
1) Over pricing. You are dead.
2) Selling it vacant. You are dead. Spend the money to stage it.3) Not fixing obvious defect before selling. You are dead. No one wants to spend the time.
4) Not knowing the owner occupancy rate of your building. If it’s under 50% and you haven’t done the homework to find buyers financing, you are dead.
5) For sale by owner. You are dead. Did I mention the 523 condos a buyer can see with an agent who helps with negotiation, market analysis, deal management, service provider management, etc.
Prime Real Estate Group
201-232-4568 cell Email Brian
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Brian Murray is a broker salesperson at Prime Real Estate Group in Hoboken. As a broker, I have advanced training and a deeper understanding of the real estate market than a sales associate. I am Hoboken resident who has lived in Hudson County for the past fifteen years. I have been a full time realtor in Hoboken for the past thirteen years.
Brian really helped me with his knowledge in this crazy market. Could not have done it without him.