Advice for a Freaked Out Apartment Seller
Help! After many wonderful years living in Brooklyn my husband got a new job and we have to relocate to Seattle. He left me here to sell the apartment and take care of our two young boys thinking we’d have the deal wrapped up and be out there by Christmas. Well, it hasn’t quite turned…
Help! After many wonderful years living in Brooklyn my husband got a new job and we have to relocate to Seattle. He left me here to sell the apartment and take care of our two young boys thinking we’d have the deal wrapped up and be out there by Christmas. Well, it hasn’t quite turned out as we planned.
The broker recommended we price the apartment (a two bedroom walkup on Henry Street in Carroll Gardens) at $595K when it first went on the market almost two months ago. No takers.
After two more price cuts, we’re down to $475K. The open houses are always very busy. But NO ONE IS BUYING. At this point, I’d consider any offers. But there aren’t any. What should I do? The URL for the listing is http://www.bhsbrooklyn.com/detail.asp?id=960620
Thanks in advance for any and all advice!
Renting is always a risk, but we’ve had GREAT experiences time and again as landlords. You definitely have to have the stomach for it though, and it sounds like it’s not your cup of tea.
Just a suggestion. Best of luck.
If you need a good photog, I know one!
But I’ve seen a lot worse, honestly. You should mention something about the board, and more importantly, what % down the board is looking for.
I just feel that you never know what shape a renter will keep it in. And we’ll be so far away. I feel like I’d rather take less money now and rent it.
Thanks so much. I will make sure there are flowers!
Maybe this is an obvious question, but can you rent out the apartment while you wait for the market to settle down?
PS: Me again. I wrote that before I looked at the listing. It’s a lovely apartment! Agree with Wasder that photography could be better, but if your OH’s are crowded, that doesn’t seem to be the problem. Can’t hurt to stage it a bit. Make it feel homier….coffee table books, bigger flowers, play some nice music during the OH, serve tea or coffee. Not that there’s anything wrong with the way it looks now. It just looks like YOU live there. Make THEM want to live there!
Thanks, rh. I can’t hold the mortgage unfortunately. We need to buy a place ourselves. Incentives are a good idea…I’ll mention the closing costs to the broker.
wasder. Thanks for your advice. If you know anyone who’s looking, send them along! I’m totally willing to entertain any and all offers at this point. I’m not greedy!
You can lower the price some more if you MUST sell ASAP. Or….offer incentives. Pay closing costs. Take some money off at closing. A new car, a flat screened TV, your first born…
Is it possible for you to hold the mortgage? People are scared now and banks are tight with their $.