The Selling Process
Time Table

Selling a Manhattan Apartment



Introduction To The Sellers Time Table

Selling an apartment in Manhattan involves a complex series of Steps. Accurately estimating how long the process will take is difficult.  Below you will find a brief description of what to expect when I put your apartment on the market, and the length of time everything should take. Under normal circumstances, the process can take 8 to 14 weeks from start to finish.  Manhattan co-ops take longer to sell than condos because of the board process. Mortgages take 4 to 6 weeks for buyers to obtain. 

Selling to a buyer who doesn't require a mortgage can save a lot of time.


Selling Time Table

Activity

Estimated
Time		 Average Time
Pre-marketing  3-7 Days  5 Days
Marketing  Duration of showing your apartment  Same
Showing your apartment to buyers  7 - 56 Days  35 Days
Negotiating with the buyer(s)  1 - 5 Days  2 Days
Getting the contract out  1 - 5 Days  3 Days
Negotiating with the lawyers  1 - 5 Days  3 Days
Application/board package/mortgage  20 - 30 Days  21 Days
Board response             14 - 28 Days  21 Days
Scheduling the board interview  3 - 21 Days  7 Days
Board decision  1 - 5 Days  2 Days
Closing date      5 - 14 Days  7 Days
Total: 56 Days - 176 Days 106 Days


Note: If there is no mortgage involved the process will be
shortened by 2-4 weeks.

1. Finding the Right Broker is Essential

 2. Finding The Right Lawyer Is Critical and Setting the Optimum Price
 3. Pre-Marketing
 4. Marketing and Receiving An Offer
 5. 5 Components of the Offers You Will Receive From Me & Mortgage Contingencies
 6. Steps That Follow an Accepted Offer 
 7. The Contact Of Sale - the Deposit and the Purchase Application
 8. The Board Package - The Board Approval and First Right of Refusal (Co-Ops Only)
 9.  The Final Step - The CLOSING

 Time Table of The Entire Process