Efficient Markets: Price Cut At 83 Downing Street
Whew, that was quick! The asking price at 83 Downing Street, Monday’s House of the Day, has been slashed from $1.55 million to $1.425 million and the sellers are “motivated” according to an email sent to brokers. It’s a step in the right direction, to be sure, but we bet they’ll have to go a…
Whew, that was quick! The asking price at 83 Downing Street, Monday’s House of the Day, has been slashed from $1.55 million to $1.425 million and the sellers are “motivated” according to an email sent to brokers. It’s a step in the right direction, to be sure, but we bet they’ll have to go a little further. This could be a good one to employ the old Barbara Corcoran strategy of underpricing to create a bidding war. At $1.3 million, the sharks would start circling and you might end up at $1.35 million. Decide for yourself at the Open House this Sunday at noon.
83 Downing Street [Corcoran] GMAP P*Shark
HOTD: 83 Downing [Brownstoner]
Let me know when they dismember the price.
If $125K (8%) is “slashing”…can someone please give me percentages for a) “trim” b) “cut” c) “chop” d) “fire sale”…many thanks…I’m obviously unsure of lingo…
I guess the brokers are paying attention to what poeple are discussing here.