Advice
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5 steps to showing an apartment overlooking a Parking Lot

 posted by Thomas Demsker

So your apartment overlooks a parking lot and you want to sell. The obvious thing buyers will key in on first is the story with the lot and if it will be built thus ruining your views or light or both. This could make or break your selling efforts if not handled correctly. Here are the 5 essential...

Learn more 03 Mar

What is an Aztech Agreement?

 posted by Thomas Demsker

Aztech is the maker of the form and thus it is called the Aztech Agreement. They are only used in coop sales and buyers get them from their bank's attorney. If you are buying in cash, the Aztech would not be used. All the Aztech Agreement does is subjugate the coop behind the bank in the line to...

Learn more 26 Feb

What is Due Diligence?

 posted by Thomas Demsker

Due Diligence happens after you accept an offer for your apartment and a deal sheet is sent out to both the attorneys. The seller sends the buyer's attorney the building financials, and offering plan while their attorney send him the contract. The buyer's attorney will his due diligence on all these...

Learn more 24 Feb

What is Post Closing Liquidity?

 posted by Thomas Demsker

This is a term that coops use when evaluating possible buyers. It is a reference to what a buyer will have in liquid cash after deducting the down-payment and closing costs from their liquid funds. All coops will vary on what they are looking for with some being at a 1 year level of mortgage and...

Learn more 21 Feb

Should I do Open Houses?

 posted by Thomas Demsker

Yes open houses are a great way to get a lot of buyers into your space in one time without any pressure on the buyers to schedule appointments. They may not be the most enjoyable way to spend your time but allow for easy access and for you to get more people into the space. Weekends, Sundays, are...

Learn more 19 Feb

How do I Qualify a buyer for a Coop?

 posted by Thomas Demsker

An example:

200 East 24th Street

Asking Price: 459,000

Maintenance: 1288 per month

Assuming a mortgage Rate of 4% (rates will vary)

Down Payment $91,800

Mortgage Amount $367,200

Mortgage Payment...

Learn more 17 Feb

6 Steps to Correctly Doing the Financial Section in a Board Package

 posted by Thomas Demsker

Correctly doing the financial section in a board package is a key element to progressing to a closed sale. The top 5 things you will need to do in this section of the board package are:

1) Create a spread sheet of all you assets, line by line and present a snap shot of what you are about to...

Learn more 14 Feb

Should I let an Agent Advertise my Apartment?

 posted by Thomas Demsker

This is called an open listing (non exclusive). Generally this will be more of an advantage to the agent since they will use it to garner buyers off the web, not necessarily for your property. Most times they will have poor presentation, inaccurate information and leave the listing up long after...

Learn more 12 Feb

Best Way to Show an Empty Apartment?

 posted by Thomas Demsker

So you have an empty apartment to show and either don't want to stage it or don't have the time. Generally empty apartments will look smaller than a furnished one as buyers tend to over estimate the size of furniture. One way around that is to supply measurements and tape measures so people can...

Learn more 10 Feb
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Advice
  • 14 August

    305 West 52nd Street - 2G

    posted by Thomas Demsker

    Live in a brand new apartment. 542sf NET Sf, largest and only studio in the building facing South. Gut renovated bi-level apartment which has plenty of space for multiple set ups or to create a jr-1.

  • 05 October

    Street Easy FSBO Ads

    posted by Thomas Demsker

    Since the zillow take over , the price to place a fsbo ad on Street Easy has now climbed to a high of 595 per month. Originally it was 199 per month. What we look to do here is create a base for FSB

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The internet has drastically cut the cost of connecting buyers with sellers, but traditional New York brokerage fees are as high as ever. NBP gave us a solution that kept most of that money in our pocket, but still gave us access to expert advice from someone who knows the city. Pat
Upper West Side
I thought it must be easy to sell your apartment, till I started the process. Luckily I found NBP that made me a realtor over night. Lots of support and personalized guidance through the whole process. I sold my place above asking from listing to closing in less that 4 month. Loved it! Tim F. Holderbaum
West Village
We sold our Jackson Heights apartment on our own, saving ourselves about $35,000 that would have gone to a broker. We could never have done it without Thomas's amazing, spot-on advice. He was there whenever we needed him, replying instantly to our many emails. He walked us through all steps of the process, and carefully reviewed and provided feedback for our buyers' co-op package. We highly recommend selling on your own, but only if you use No Brokers Please! Mark & Jennifer
Coop in Queens
We sold our coop in a tough building and with NBP's consulting service, the process was facilitated a lot. No Brokers Please's assistance with all the details, appraisal file and the board package got us a solid buyer and a closing. We highly recommend this very affordable and easy to use consulting service. Francoise and Jacques
I’ve used NBP twice and had amazing results both times. I got prices that were just as high as if I used a broker and saved a combined $80,000 in broker fees. NBP makes it easy and provides great service! JG
148 West 23rd & 45 Park Ave
the "secrets" booklet, the documents, Street Easy online ad and the constant email support are WELL WORTH the money to anyone out there doing this on their own Eric
425 East 79th St.
Tom, we closed on our sale of 11A yesterday. We think the price of 900,000 was fair for today's market and we got through a tough board process. We saved the broker's fee but-more importantly-we pushed for our own apartment to sell in a way that no broker would have-it was our sole mission. To be completely frank, there is absolutely no way in the world we would have done it without you. I can't thank you enough. Nina
420 East 72nd St.
No Brokers Please provided exactly the professional guidance I needed to sell my 3BR coop in Jackson Heights. Thanks for the help! Bob F
Coop in Queens
No Brokers Please was very helpful to me in selling my coop. Clear concise information about the process, and personalized answers to questions. Maryellen W. Tice
Coop in Brooklyn
We used the on-line listing service from No Brokers Please to sell our coop apartment in New York City with excellent results. Thomas provided terrific service to us and we were able to achieve a quick sale for a great price. Highly recommended with very competitive pricing for those willing to do the marketing work themselves. Jonas
201 East 21st.
No Brokers Please provides an excellent service- just enough help and advice, extremely prompt responses, and all the tools you need to confidently make it through this process on your own. If you're considering selling by owner but don't know where to start, you've found it. Katherine Ives
Condo in Brooklyn
Using NBP was the best decision we ever made!! Thomas was amazingly responsive throughout the process and guided us step by step. We did everything he told us too and ended up saving 9% because he encouraged us to list higher than we initially thought to! Thanks Thomas! Jill J.
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«Broker Thomas Demsker, who also counsels FSBO sellers through a website called No Brokers Please! (nbpny.com)»

«I decided I wanted a hand-holder to coach me through the process. After an Internet search landed me on No Brokers Please, a New York-centered for-sale-by-owner site, I signed up. No Brokers Please is run by Thomas Demsker, himself a licensed broker.»

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