-How do you determine the market value of an apartment?

The market value of an apartment is determined by a number of factors, the most important of which is comparable sales. Also known as the “market data” approach, this method involves reviewing the recent sales of similar properties in order to arrive at a valuation for the subject property or apartment.

In New York City, this is not entirely as cut and dry as it may be in other parts of the country.  What flight your apartment is on will make a difference, as will the current condition.  If your real estate agent says “if you spend $50,000 to update, paint … it will increase the value of your home by considerably more”, take it to heart.  Sometimes, the smallest changes could mean the most.

-How do I find the right real estate agent to sell my apartment in NYC?

Finding the right agent in NYC is all about experience and fit. Start by asking for referrals from people you trust. Check out the agent's track record—how many apartments have they sold in your area? Interview a few to see who understands your needs and the NYC market. Look for someone who specializes in your type of property, be it a luxury condo or a co-op. And don't forget to ask about their marketing strategy; in this city, you need an agent who goes beyond the MLS or in New York City, makes that extra effort to think outside the box to find you that great apartment. The bottom line- a good vibe and clear communication are the most important thing to look for.. That's the rundown.

-When is a good time to sell my townhouse in new york city?

Timing's everything in NYC real estate. Spring's usually a hot season; people are out and about, and properties look their best. Fall's another good window, post-summer but before the holidays hit. But honestly, market trends can be more important than seasons. Keep an eye on interest rates and inventory levels. A low-inventory market means less competition, which is good news for sellers. Consult with a savvy real estate agent to nail the timing based on current conditions. That's the quick and dirty.

-How much is my apartment worth in New York City?

To find out what your NYC apartment's worth, you'll want to partner with a skilled real estate agent. They'll pull up recent comps to give you a baseline price. They'll also factor in your apartment's condition, size, and amenities, plus the neighborhood vibe. An experienced agent will also gauge the market's temperature—is it a buyer's or seller's market? All these elements combined will give you a solid valuation. Trust your agent; they've got the expertise to get it right. Got it? Good.

-Do I need to have a mortgage pre-approval before I look at apartments in New York City?

While a real estate agent is not allowed to require you to be pre-approved before showing you great home options, the seller does have the ability to require only pre-approved buyers to be allowed to vie the home they are selling, as a pre-approved buyer is frequently considered a more serious.  That said, if you walk into an apartment and you know this is the one, you will need to be pre-approved before making an offer.  If you need to take time to gain pre-approval, you may miss out on your chance on this great opportunity.  It pays to have it in hand before going out with your buyers agent.