It always makes us scratch our head a little when we see an owner fail at selling his place on his own turn around and hand it off to a broker at a much higher price–the logic presumably being that he has a certain number he wants to net on the deal and he doesn’t care how he gets there. Now, we happen to think that in general brokers can fetch a slightly higher price than an owner for a variety of reasons. In the case of this house overlooking Greenwood Cemetery that was a FSBO HOTD last November, it’ll be interesting to see whether Corcoran can get the 12% premium over an asking price that the owner was unable to get for nine months, part of which time was during a much stronger overall market. Maybe they will because we were surprised that the owner did not get his price to start with.
307A 23rd Street [Corcoran] GMAP
307A 23rd Street [By Owner]
FSBO Off Greenwood Cemetery [Brownstoner]