When Opportunity Knocks, Some Owners Will Let It In and Sell It the Place

Oct. 8, 2014 — What is the optimal time to sell your co-op or condo apartment? When you're ready to move somewhere else? No! For a surprisingly large number of people, reports TheRealDeal.com, it's when your neighbor has just sold his or her place for beaucoup bucks and raised the sales-price benchmark — because there's an inventory crunch right now, the article says, with more people wanting to buy apartments than there are apartments to sell, driving prices up. And in neighborhoods with new buildings that are about to begin sales, a contributing factor is existing owners deciding they'd better unload their places before there are a plethora of apartments in the pipeline.