Notwithstanding the general frothiness of today's seller's market, pulling off a for-sale-by-owner (or FSBO, pronounced fizz-bo) in New York City is still a tricky matter. Sure, you save the 6 percent commission you'd spend on a broker, but there's a lot to wrap your head around before closing a deal.
And a few other noteworthy survival tips from the archives:
- A step-by-step guide to what goes into selling a New York City apartment.
- A reminder that you may still have to pay a commission to the buyer's broker, and often they'll expect 3 percent.
- A look at how to vet your buyer's mortgage-worthiness.
- A tip on potential buyers: reach out to your neighbors; they may be interested in buying your place and combining it with theirs.
- And lastly, if you really are the only person who can appreciate your home, you may want to sell it solo.