Sellers

Selling Your Forest Hills Home

Forest Hills is a popular neighborhood in New York City, New York with a population of 68,759. Forest Hills is one of the best places to live in New York. Living in Forest Hills offers residents a dense urban feel with convenient access to Manhattan. Austin Street has a mix of independently owned stores and restaurants as well as national and chain businesses. Many families, young professionals, and retirees live in Forest Hills.

Forest Hills real estate is an eclectic mix of historic English Tudor styles with other varied architectural designs and sizes of homes, including condos and co-op apartments. What they all share is their location in one of the most highly sought after communities in New York City.

As a home owner, when you’re considering selling your home in this hot community, working with real estate professionals whose knowledge of the community and trends in the local real estate marketplace, that has first-hand experience is essential. The agents and brokers at Forest Hills Realty can give you an advantage when you want to sell your home.

Understanding how to price your home to sell

To get the true value of their homes in today’s marketplace, homeowners looking to sell, can potentially lose money or take a loss after having a home on the market for longer than necessary. By not knowing the real market value of your home, you can inadvertently set the offering price too low, and you might attract buyers to generate a sale that winds up costing you a loss of thousands of dollars. Conversely, listing your home to sell at a price that is inflated above its actual market value ultimately cost the seller money. This results in your home sitting on the market while qualified buyers look for other housing options because of the price.

We’re here to help you to get the most value for your home

At Forest Hills Realty we can offer you a free comparative market analysis. A CMA measures the market value of your home by comparing it against recent sales of similar properties in the neighborhood. A similarly valued property is one that compares to your home in terms of several attributes, typically including the following:

  • Square footage
  • Lot size
  • Number of bedrooms and bathrooms
  • Year built
  • Type of heat
  • Upgrades

An individualized comparative market analysis provides sellers with a guide as to the actual market value of their home. But it will not tell you how much a bank will lend each potential buyer. Banks base their mortgage underwriting policies on the appraised market value of the home and not on the seller’s offering price.

An appraisal can reflect what the bank is most likely to lend, but it doesn’t represent the current market value of a home. Appraisers will compare the seller’s home to other homes that sold in the area in the same way as a comparative market analysis, and the results can be starkly different. The rationale for this is that, appraisers are conservative in the calculations used to arrive at the values they place on each property.

We want you to have as much information as possible when you’re exploring selling your home, and that’s why we offer a free appraisal to our sellers. This is the way for you to know exactly what buyers are likely to be willing to offer to purchase your home and how much their bank would be willing lend them.

Contact Forest Hills Realty when it’s time to sell

Our real estate professionals are ready to offer you expert advice and guidance when you’re selling your home in Forest Hills. Our agents can provide you with the dedicated personalized, first class customer service that you require for the financially successful sale of your home. Discover what makes Forest Hills Realty unique by calling us (718) 380-5000 to speak to one of our licensed real estate agents today.

Learn more about our 25-day guaranteed program click here.