Property owners in Rego Park are fortunate to be in one of the up-and-coming neighborhoods in Queens. It is one of the smallest neighborhoods in the borough at 2 square miles, but new condominium and apartment construction prove the increasing demand for housing in Rego Park. Its proximity to midtown Manhattan makes it possible for residents to avoid the high cost of Manhattan real estate by living in a neighborhood that is only 30 minutes away.
Sellers can take advantage of the demand for Rego Park real estate by allowing one of our licensed agents to demonstrate how Rego Park Realty gives them an advantage.
Don’t lose money when you sell
One of the biggest mistakes sellers make when placing their Rego Park real estate on the market is by using listing prices of other properties. Unless sellers know the local real estate market and the value of homes and properties in the area, they could be leaving thousands of dollars on the table by pricing it according to the listing price of other properties.
Pricing it too high can be equally as bad as the home sits on the market for months without generating offers. The brokers and agents at Rego Park Realty have the solution help sellers avoid the pricing mistakes made by their neighbors.
Helping sellers avoid pricing mistakes
Working with an agent from Rego Park Realty is an eye-opening experience for most sellers. We begin with a comparative market analysis using recent sales of similar properties.
We work closely with our sellers to collect data about their home, including the following:
Our comparative market analysis gives sellers an estimate of the market value of their property. It does not, however, tell sellers how much a bank will lend a buyer based upon an appraisal of the property. This is why we offer our sellers a free appraisal.
Armed with a comparative market analysis and an appraisal of their property, we help our sellers to price their homes, condominiums, and cooperatives to obtain the best price based upon current market conditions. The appraisal lets us know how much financing buyers can obtain, so we can properly evaluate offers.