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November 28, 2008

Open House Picks: Six Months Later

Six-Months-Later-052308.jpg
Comment: Not exactly flying off the shelf.
Open House Picks 5/23/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]




Posted by Brownstoner at 12:01 PM | Comments (7)
Categories: Open Houses, Six Months Later

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Comments

so when that PH place is the same price as that WT place thats gonna be funny.

Posted by: Santa at November 28, 2008 12:25 PM

The WT 10th Ave house had at least 1 big price cut before being priced at 1.4. We saw it and found it to be a very cute house. We flirted with idea of placing a bid but opted not to since we weren't crazy about the location and the writing was already on the wall about market downturn so figured something better would come along. That said, I'm glad it found a buyer since it seemed like a lovingly cared for home, and the owners got a great price given all that's happened since it sold.

Posted by: Miss Muffett at November 28, 2008 2:11 PM

370 Park Place (right next door to 368) is also still on market and both are listed by same broker - my understanding is that they are both estate sales, and were both owned by the same owner who passed recently. These started both around the same price, but now 368 is reduced to 1.395. They are both total gut jobs, with tons of headaches to deal with, so why there is still such a gap in pricing is perplexing to say the least. In this climate, taking on both an overpriced property and a massive renovation is not a prospect to attract (m)any buyers. I think they need to cut a lot more.

Posted by: Miss Muffett at November 28, 2008 2:20 PM

Agree with MM above (a first!). For the others that are still around see my comment in the thread above -- you get what you pay for. Fillmore's agents are probably the most inept and dishonest around (their web lisitngs are a total hoot -- right up there with many of the Century 21 franchises) and who ever heard of Madison Properties? Again, in the hands of competent, co-broking firms both of these properties would have sold by now (never mind co-broking -- doesn't Mary Kay own that part of Brooklyn?).

Posted by: babs at November 28, 2008 3:08 PM

I bought my DP home through Fillmore five years ago. Agree that they are a joke, but you never know what falls into their hands if you don't keep your eyes open. And because they are so clueless, they tend to underprice. Worth keeping on your radar if you are looking beyond traditional Brownstone Brooklyn.

And, yes, MM, I have no doubt you do think they need to cut a lot more!

Posted by: Architerrorist at November 28, 2008 3:30 PM

Agree with Architerrorist that sometimes you can get better deals from small realtors, though incompetence can be both a blessing and curse. Also, while sometimes they price under going rates, I've found on occasion that they price too high too. That said, we would buy our house from anyone, as long as the house itself was the right one, inspection and legal issues checked out, etc.

Posted by: Miss Muffett at November 29, 2008 7:58 AM

Is 1.26M too much for one of the houses on Park Place? The work can be done in stages. I like that spot.

Posted by: chase at November 29, 2008 10:02 AM

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