Author Archives: NY Living Solutions

It’s been a two week hiatus, though it seems like so much longer. We’ve missed out giving you news for The Apthorp and whether it had reached it’s requisite 25 condo sales-It seems like they did, but some say that is to be disputed, the drama continues. The Stuyvesant Town battle rages on between the purchasers Tishman Speyer and The tenant’s association, the New York State Court of Appeals has yet to bring in their decision but it doesn’t look pretty for Tishman.

So, thanks for your patience and we will be posting all your favorite daily pieces and articles.

NY 1 August 24th 2009

If you would prefer to sell your home but are not getting the price you need maybe you will turn to renting your home. These are some of the important responsibilities and pitfalls you will need to know.

1. You must list the price at market or slightly lower. The high level of inventory give’s renters the advantage. To succed in renting your home it must be priced as a good deal.
2. Do your homework before accepting a tenant-you must screen the applicant. Verify who they are, their financial and work background. Credit, criminal and personal checks are necessary.
3. You must let the tenant know that you wish to sell the property in the near future when the market can offer a better price.
4. The lease should state that you wish to sell the property and that the tenant must allow for open houses and private viewings. You should also have a termination clause in the lease in the vent that you do sell.