Sellers must avoid biggest mistake they can make

Sellers often fail to ask a vital question when interviewing potential listing brokers. (Flickr photo by David Davies)

When interviewing brokers to list their apartments for sale, prospective clients ask a lot of questions.

In many instances, the question that property sellers often want answered is how much of a fee the broker will demand.  (Many a listing presentation and meeting could be spared if sellers with commission as their sole criterion simply asked for the percentage before a meeting is scheduled.)

Among the other bits of information that sellers may seek relate to a broker’s track record — for example, how many sales the agent achieved in what amount of time and in which neighborhood or apartment building.

But the most critical query centers on Continue reading

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Weekly Roundup: Lawbreakers in public, bottom in sight, actor in defeat, rates in short ascent

Note: I’m taking a short break, so this post is slightly abbreviated, there will be no Weekly Roundup next week and other posts will appear with less frequency until March 26.  

Prices, sales volume up at new developments in Manhattan, Brooklyn

In divorce action, wife accuses buyer of $88 million condo of hiding assets

Co-ops, condos below $3 million sell faster than 10-year average

State publishes online for first time names of real estate licenses who admit law violations

Sale prices of luxury homes wilt from 2010 to 2011

More apartment buildings sell in January but for less money than in December

13 apartment buildings have banned tobacco smoke

Link between bonuses and Continue reading