My apartment has officially been on the market for two weeks now and I have learned one lesson so far — selling a home takes serious effort!
Our apartment is only listed in combination with our neighbor’s place, which means there is limited interest. Even so, showing it two evenings a week so far has meant coordinating with our broker, extra cleaning and organizing, and — worst of all —inconveniencing my two children and babysitter who must vacate the premises. That’s not even including all the cleaning and organizing we did before getting the place ready to show.
All this effort and we are working with a full service broker who is handling 95% of the work. It makes me wonder how people who sell without the help of a realtor manage.
BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.