It is a scam mopar - a hasedum found an unsuspecting old woman in crown heights that doesnt know the market, is offering her 100% for a house worth 130% and is trying to flip it for 110% without ever even taking the risk of owning it. We have a great attorney working it for us, and that has protected us, but we still havent been able to crack through and now the hasedum is breaking our deal to try to get a higher price...

Posted by: iwannabrownstone at August 28, 2009 11:20 PM in response to Assignment of contract for sale

We have had 5 accepted offers all fall through over the past 18 months. In every case, the seller backed out.

First time the inspection turned up a lot more problems than the seller represented and they were unwilling to negotiate.

Second time we bid over ask, seller got greedy and relisted for 20% more and was never able to sell, delisted (by the way with Corcoran).

Third time we agreed to ask, seller got greedy, relisted at 20% higher while we were in the middle of having contract drawn up, and then delisted because they couldnt sell.

Fourth time, we bid over ask, but in due diligence the selling agent found a second party on the deed that was unwilling to sell at our price and wanted more. House was delisted.

Fifth time we had an accepted offer at ask. We have been trying to have a contract signed for the past 6 weeks and found out today the seller has gone greedy and relisted at 20% more.

What can we say except sellers are either uncertain or seriously F-ckin greedy, even in this market.

Posted by: iwannabrownstone at August 28, 2009 7:04 PM in response to How to buy a house?

We saw it too. Absolutely no details. TLC is the understatement of the year, and we have seen more than one home with a hole in the roof to let you know that we have eyes wide open and good perspective on how bad some of these places can get. This place needs $500k of work, and there is nothing at all to salvage inside - even the wood floors and staircase would need to be replaced. Broker tried to convince us of the possiblity by pointing to 22 as well, but that will never move at the current price so its not a good reference point. There is nobody in today's market that would expend the effort and renovation costs required unless the ask comes down significantly to around $700k.

Posted by: iwannabrownstone at April 6, 2009 9:03 PM in response to House of the Day: 20 Clifton Place

Sellers are idiots. Hopefully the other buyers who participated in the process will move on to better things, too. Would anyone ever trust these sellers again???

As for the new listing price, under $1.5MM you can still rationalize the purchase price, but anything over that is ridiculous given the renovation and carrying costs AND the state of the market. For $2.2MM (assuming conservative $600K renovation costs), you can buy a better (renovated) brownstone that doesn't require such a huge cash outlay.

Posted by: iwannabrownstone at August 12, 2008 8:26 PM in response to Shenanigans at 279 Clermont Avenue?

Can anyone explain this? If the place sold for $425K in 2005, how/why would the seller be able to take out a $650,000 mortgage this year without doing any work?

Posted by: iwannabrownstone at December 18, 2007 1:30 PM in response to House of the Day: 64A Clifton Place

i feel all warm and fuzzy after those last two posts. i mean that kindly.

for those of you who haven't been to crown heights, go first THEN write about it. i finally had a good look over the past couple of weeks, and i'm actually looking forward to finding a home in the neighborhood. we went there on a saturday night, in the daytime, and to a few open houses. the most violent incidents we witnessed were two WHITE women in fancy heels that wiped out on the sidewalk. separate instances. this happened in broad daylight. the horror...

i agree $1million is too much to pay for crown heights... anything over $1million in CH means you're paying for someone else's vision (soprano's kitchen, anyone?) you're there looking for value, after all. anything in the $750 range is a steal.

as far as who A) can afford to pay a million dollars for a home, and B) buys in crown heights... young couple with a baby looking for some space. my guess is that our baby will be happier with a yard and fabulous parks, and she won't be crying about missing the hot chocolate at the corner starbucks. how's that for having hope in a neighborhood? that said, we're taking our time to find what we want, where we want. market is only getting worse, not better. prices will be reasonable again soon.

Posted by: iwannabrownstone at December 6, 2007 9:11 PM in response to The Real Deal: A Dose of Reality for Crown Heights Market

Brooklyn Native -- about park place, their broker told our broker the sellers accepted an offer.

regarding the superior location on dean, we were advised to go near eastern parkway, not necessarily historic district. is this an ignorant point of view?

Posted by: iwannabrownstone at December 5, 2007 5:58 PM in response to House of the Day: 1230 Dean Street

Totally overpriced. Bathroom situation is concerning....

As a point of comparison, this place just sold:
http://corcoran.com/property/listing.aspx?Region=NYC&ListingID=1112969&ohDat=12/9/2007%2012:00:00%20AM;

It's much nicer and even they were asking under $1.4mm. Yes, in Crown Heights. New owners have bragging rights on a "stain glass window gifted ... by the Prime Minister of Jamaica"

Posted by: iwannabrownstone at December 5, 2007 3:11 PM in response to House of the Day: 1230 Dean Street

This isn't currently in the historic district, right? Where can i get specific information on the subsequent phases of the landmarking for Crown Heights? Will this house be in either phase?

Posted by: iwannabrownstone at November 30, 2007 8:12 PM in response to House of the Day: 915 Sterling Place

How frustrating, iwannabrownstone. Why not wait and when this most recent seller also fails to sell the house at the 20% higher price, go back to them and offer even less than you offered before?

Posted by: traditionalmod at August 28, 2009 8:55 PM in response to How to buy a house?

iwannabrownstone, just an idea, but do you think the RE agents are using a strategy of list at the low and then when they get a bite, re-list at the high?

Posted by: sharpg at August 28, 2009 9:35 PM in response to How to buy a house?

iwannabrownstone, what a truly terrible experience.

Posted by: mopar at August 28, 2009 10:20 PM in response to How to buy a house?

It's spelled Hasidim.

Posted by: BrooklynIsHome at August 28, 2009 11:51 PM in response to Assignment of contract for sale

This guy may be a scammer, but flipping a contract is not unusual or illegal. If his contract is sound,the original owner competent and no fraud was used, he is in control and will no doubt shop it around for the highest price. Unless the owner wants to challenge the agreement he is the seller.What does your lawyer say?

Posted by: edifice rex at August 28, 2009 11:59 PM in response to Assignment of contract for sale

An accepted offer is not the same as a contract. Therefore, you don't have a deal until you have a contract...

Posted by: firstmediation at August 30, 2009 7:51 AM in response to Assignment of contract for sale

not to belabor the point raised by BrooklynIsHome above -
the --im ending of a word in Hebrew signifies plural.
Therefore one Hasid, two Hasidim.

Thus ends your Hebrew grammar lesson for today.

Sorry I have no useful comment to OP, just make sure you have a good lawyer because it sounds like it could be messy - even though probably totally legal.

Posted by: rickintheridge at August 30, 2009 9:26 AM in response to Assignment of contract for sale

We had the same problem as you did until we found a better real estate who called us when he type of property we wanted was found. We saw it the next day and bid. We went right into contract.

Find a real estate that has estate sale properties.

Posted by: queenoftheclick718 at September 4, 2009 3:56 PM in response to How to buy a house?