donatella, i don’t think appraisals are keeping up with market prices now. The whole appraisal process was messud going up and is now messed up again.
I agree with you Dibs. I think that the initial appraisal (for the HELOC) was off the wall high at the time, but I think that this is too low. When the appraisal was done, one year after I bought it in total wreck form, having put only about 50,000 in the place (looking real funky) the appraisal came in at a 56% premium to my purchase price a year earlier!! That’s nuts. Re current appraisal, looking at what some of these brownstones are going for, I think that the appraiser was off. I’ll get the HELOC back, it’s high enough, so I don’t care a lot but I just think they are low balling things now to be on the safe side.
There looks to have been a new round of price cuts at some of the nicer units in 1bbp. Not sure how they get around street easy, but it looks like they took this off the market at 2.5 and now it’s back on at 1.75
Rob, if you’re coming from SoHo to get to Hot Bird on Thursday, take the F downtown from Broadway-Lafayette, and change at Jay Street for the C. Go three stops on the C and get off at Clinton-Washington. Walk a block south on Clinton and you’re there.
Kens, what town???
Ringo, I forwarded your post to CGar at his office in case he’s too tied up to log in today.
By daveinbedstuy on August 31, 2010 12:24 PM
donatella, i don’t think appraisals are keeping up with market prices now. The whole appraisal process was messud going up and is now messed up again.
I agree with you Dibs. I think that the initial appraisal (for the HELOC) was off the wall high at the time, but I think that this is too low. When the appraisal was done, one year after I bought it in total wreck form, having put only about 50,000 in the place (looking real funky) the appraisal came in at a 56% premium to my purchase price a year earlier!! That’s nuts. Re current appraisal, looking at what some of these brownstones are going for, I think that the appraiser was off. I’ll get the HELOC back, it’s high enough, so I don’t care a lot but I just think they are low balling things now to be on the safe side.
DIBS, I finally figured out where you are in Bucks county. You’re about 15 miles from my cousin’s place down 413.
Cgar,
There looks to have been a new round of price cuts at some of the nicer units in 1bbp. Not sure how they get around street easy, but it looks like they took this off the market at 2.5 and now it’s back on at 1.75
http://streeteasy.com/nyc/sale/549655-condo-360-furman-st-brooklyn-heights-brooklyn
100
YAWN
Biff, I order in for my Mexican fare.
By Park Sloper on August 31, 2010 12:50 PM
Rob, if you’re coming from SoHo to get to Hot Bird on Thursday, take the F downtown from Broadway-Lafayette, and change at Jay Street for the C. Go three stops on the C and get off at Clinton-Washington. Walk a block south on Clinton and you’re there.
See map: http://bk.ly/tzW
You may want to bookmark this, Park Sloper. He’ll ask again tomorrow and twice on Thursday. You’ll learn.
DIBS, most men would travel quite far for the taste of a good taco.