In Case You Missed It: Every so often, BrickUnderground digs through the archives to find the best advice our experts have shared through the years.
Congratulations! You've got interest in your apartment. Now it's time to settle on a price.
Here are common missteps that both seller and broker should look out for: 1. Oversharing: Divulging too much information about your circumstances could give your buyers the impression that you're desperate, prompting a lower offer. 2. Ignoring a lowball bid. Don't be offended by it, just counter.
Neighborhood Central Harlem East Harlem Hamilton Heights Harlem Hudson Heights Inwood Manhattan Valley Morningside Heights Mt Morris Park Sugar Hill Washington Heights West Harlem Upper West Side Upper East Side Upper Manhattan Midtown West Midtown East Downtown Battery Park City Central Village Chelsea Chinatown Civic Center East Village Financial District Flatiron Gramercy Park Greenwich Village Little Italy Lower East Side Lower Manhattan Murray Hill Kips Bay Noho Nomad Soho Tribeca Union Square West 30S West Village Brooklyn Bay Ridge Bedford Stuyvesant Bensonhurst Boerum Hill Brooklyn Brooklyn Heights Bushwick Canarsie Carroll Gardens Clinton Hill Cobble Hill Columbia Street Wd Crown Heights Ditmas Park Downtown Brooklyn Dumbo Dyker Heights East Flatbush East New York East Williamsburg Flatbush Flatlands Fort Greene Gowanus Greenpoint Greenwood Manhattan Beach Midwood Park Slope Prospect Heights Prospect Lefferts Prospect Park South Prospect-Lefferts G Red Hook Redhook Seagate Sheepshead Bay South Slope Sunset Park Vinegar Hill Weeksville Williamsburg Williamsburg N Side Windsor Terrace Queens Astoria Belle Harbor Briarwood Corona Elmhurst Far Rockaway Flushing Forest Hills Forest Hills Garden Forest Hills Gardens Howard Beach Hunters Point Jackson Heights Kew Gardens Long Island City Rego Park Sunnyside Bronx Bedford Park Bronxdale Concourse Concourse Village Fieldston Fordham High Bridge Kingsbridge Marble Hill Morrisania Mott Haven North Riverdale Norwood Riverdale Soundview South Riverdale Spuyten Duyvil University Heights Westchester Square Locust Valley Long Beach Upper Brookville
Price up to $500,000 up to $750,000 up to $1,000,000 up to $1,250,000 up to $1,500,000 up to $2,000,000 up to $3,000,000 up to $5,000,000 up to $6,000,000 up to $7,000,000 up to $8,000,000 no maximum
Bedrooms studios or at least 1 bedroom at least 1 bedroom at least 2 bedrooms at least 3 bedrooms at least 4 bedrooms 5 or more bedrooms
Bathrooms at least 1 bathroom at least 1.5 bathrooms at least 2 bathrooms at least 2.5 bathrooms at least 3 bathrooms at least 3.5 bathrooms 4 or more bathrooms Presented by 3. Coming back too low. A barely-there counter-offer could persuade your buyer to walk. 4. Focusing on price alone. Other things are part of the negotiation, too, like closing costs, contingencies and the timeline. 5. Accepting an offer as is. You could be leaving money on the table!
For more, read "
Top negotiating mistakes of sellers and their brokers." Related: Top negotiating mistakes of buyers and their brokers Top negotiating mistakes EVERYONE makes (that means buyers, sellers, and their brokers) What not to tell your broker when you're selling Confessions of a first-time seller