Pricing Question

We got the appraisal and month ago, but felt we were not going to be competitive without a second full bath, and the place would linger.

I work in sales and marketing and feel confident I have the tools to do this on my own. I'm just stuck on the pricing issue.
I'm afraid to approach brokers in fear I'll be hounded afterwards. But I think I will try 3:49's approach.

Honestly, we're not greedy and looking to break the bank.

Posted by: FB at March 27, 2008 4:36 PM in response to Pricing Question

We got the appraisal and month ago, but felt we were not going to be competitive without a second full bath, and the place would linger.

I work in sales and marketing and feel confident I have the tools to do this on my own. I'm just stuck on the pricing issue.
I'm afraid to approach brokers in fear I'll be hounded afterwards. But I think I will try 3:49's approach.

Honestly, we're not greedy and looking to break the bank.

Posted by: FB at March 27, 2008 4:35 PM in response to Pricing Question

We got the appraisal and month ago, but felt we were not going to be competitive without a second full bath, and the place would linger.

I work in sales and marketing and feel confident I have the tools to do this on my own. I'm just stuck on the pricing issue.
I'm afraid to approach brokers in fear I'll be hounded afterwards. But I think I will try 3:49's approach.

Honestly, we're not greedy and looking to break the bank.

Posted by: FB at March 27, 2008 4:36 PM in response to Pricing Question

I know a of a nice 2br/1b on great park slope block that went FSBO this winter and couldn't get 600k. You'll have to judge for yourself if a second bath can balance the neighborhood difference.

Posted by: guest at March 27, 2008 5:19 PM in response to Pricing Question

Is it beyond Vanderbilt? Underhill? Maybe too high that far over.

Posted by: guest at March 27, 2008 5:43 PM in response to Pricing Question

We sold our apartment in Park /slope FSBO. What worked for us was to find out the comps ourselves. Easy enough to do. In a hot market we priced low. It created buzz and got us 80,000 over ask. In this market that might not work.

Posted by: guest at March 27, 2008 9:27 PM in response to Pricing Question

I think 9:27 is right that the ask low and expect multiple bids may not work as well in this market. A lot of it really depends on how quickly you need to sell.

You should be able to pull up a list of all sales in the last year via Property Shark. Just make sure to disclose exactly to potential buyers your sources for any information you give them (like comps, etc.). The hard part without a broker will be to determine what units had 2 baths, etc.

Posted by: guest at March 28, 2008 10:14 AM in response to Pricing Question

That sounds low to me for so large a place, unless it is very far over into Prospect Heights, or parlty in a basement.

Posted by: guest at March 28, 2008 11:16 AM in response to Pricing Question

I think going to a broker is right (for price). I've done that and never had anyone bother me. Brokers now what things are going for now, this month, not 3-4 months ago.

Posted by: guest at March 28, 2008 11:17 AM in response to Pricing Question

$484/sq foot sounds very low for PH, unless its in awful condition or actually in Crown Heights. What's the cross street?

Posted by: guest at March 28, 2008 2:41 PM in response to Pricing Question

You say 619 is your bottom line. So would you pull the listing if you didn't get it? I suspect that in this market, at this time, you'll get most bids below ask.

I could be wrong about this, but if 629 or 639 isn't out of line with recent comps., you should ask that with the idea of getting 619 or so. That way you've got some bargaining room without so much anxiety. I'd bet that a 619 listing would get a number of sub-600k offers, which is what you don't want.

Posted by: guest at March 29, 2008 9:32 AM in response to Pricing Question