House of the Day: 118 South Elliott Place
This one seems to be a pretty solid listing: Nice 4-story brick in central Fort Greene asking just under $1.7 million. The parlor floor looks great and it appears that the kitchen has a deck off it, in addition to the standard yard. And the price seems about right, too, especially given the fact that…
This one seems to be a pretty solid listing: Nice 4-story brick in central Fort Greene asking just under $1.7 million. The parlor floor looks great and it appears that the kitchen has a deck off it, in addition to the standard yard. And the price seems about right, too, especially given the fact that there’s $3,500-$4,000 of rental income from the top two units. If we had to nitpick, we’d only point out how cramped and oddly built-out the rentals look. But, given the location, we doubt finding tenants will be a problem. We bet this sells for $1.65 within a couple of weeks.
118 South Elliott Place [Corcoran] GMAP P*Shark
Well Brownstoner, you’ve been looking for a way to make the site profitable and quit your day job.
FSBO could be the answer….
You want to know what pathetic is? Pathetic is you little Brooklyn ants thinking you can take food off my table without consequences.
Here is how it works: you write your little posts on your little blog and get people interested in buying your little houses, and we all make more money. Try to change the rules, and you will find that you are children playing a very dangerous grownups’ game.
I’m thinking of putting my house on the market and I’d definitely FSBO. I expect my place to sell for $1.5MM or more and I can’t see what a broker brings to the table for 6%.
I might feel a little different if Brooklyn was a robust multiple listing environment, but the ugly reality is that every serious buyer is working with 4-6 brokers at any given time. Then, to top it off, everyone still needs an attorney. The brokers do none of the paperwork as is customary in other real estate markets.
If I decide to sell, I have no doubt that potential buyers will see my Times ad, check out my website, and call if they are interested.
Brownstoner, it’s probably too much of a hot potato, but an FSBO section would be fantastic.
barbara, you are indeed scary (just not in the way you think)
Next time I sell, I’m going to ask the broker to run all adds and web pages by me for approval before release to avoid typos, bad pics, poor quality floor plans and other inaccuracies…
That last comment should induce you to do exactly that, Brownstoner. Those kinds of pathetic threats just show exactly how weak the brokers’ positions are right now.
Start a FSBO section and I will break you.
My staging comment was really a criticism of the brokers’ appalling inaction. As Gary mentions above, these people are asking 40K to market their client’s property in condition that just about guarantees they won’t get top dollar for it. The owners should know better but the agents have no excuse whatsoever.
For all this talk of a bursting bubble, it’s telling to see brokers can still get away with this kind of service.
Brownstoner should have a section for FSBO’s.