SBT – Seller’s Checklist

The Southbridge Towers Selling Process

A step-by-step checklist to selling your apartment. What to expect when you decide to sell your SBT apartment.


SELLER’S CHECKLIST –


› Interview Realtors
Meet with and interview several real estate professionals.


› Sign Exclusive Contract
The listing contract allows your Realtor to begin working for you.


› Prepare Apartment for Showings
We will consult with you to determine if the apartment would benefit from; painting, cleaning, staging and minor repairs if needed.


› Launch Marketing Campaign
Marketing your property in the broker database, directly to the public, and to our SBT qualified buyer list.


› Schedule Open Houses & Showings
We will schedule and manage all open houses and private showings.


› Manage Offers & Negotiations
Collect and present all offers to owner(s), provide recommendations and submit counter offers until accepted.


› Prepare Deal Sheet for Attorney
Prepare deal sheet, financial statement and pre-approval letter for sellers attorney to prepare contracts to send to buyers attorney.


› Assist Buyer with Coop Board Package
SBT coop board specialist will sit with Buyer(s) to ensure the coop board package is 100% accurate.


› Obtain Commitment Letter From Lender
If Buyer is financing purchase, a final commitment letter from the lender is required when submitting the board package.


› Submit Completed Board Package
Submit completed board package with commitment letter to the SBT management office for board review.


› Board Interview & Approval
Buyer(s) will be contacted by SBT management to schedule a 15 minute board interview prior to the next monthly board meeting.


› Attend Closing
Attend closing at SBT attorney’s office. Collect funds associated with final sale of cooperative apartment.


Michael A. Roché
Area New York
Broker of Record
85 Broad Street, 16th Floor
New York, NY 10004
Office: (212) 227-8281  |  Mobile: (917) 392-3534
Email: michael@areanyc.com
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www.areanyc.com

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About the Author: Michael Roché