House of the Day: 125 Cambridge Place
Crazy asking prices don’t do anyone any good. Case in point: This three-story (four if you include the basement which has been finished to create a second duplex) woodframe house at 125/127 Cambridge Place in Clinton Hill. It’s been sitting on the market for the last 10 weeks with the silly price tag of $1,999,999;…
Crazy asking prices don’t do anyone any good. Case in point: This three-story (four if you include the basement which has been finished to create a second duplex) woodframe house at 125/127 Cambridge Place in Clinton Hill. It’s been sitting on the market for the last 10 weeks with the silly price tag of $1,999,999; it was purchased for $950,000 in 2005. It has less than 3,000 square feet, even counting the finished basement, and the recent renovation is clearly not considered worthy of displaying in photos on the listing. Both duplexes are currently rented, so perhaps the owner’s not really serious about selling but happy to part ways with his house if a greater fool comes along.
125 Cambridge Place [Corcoran] GMAP P*Shark
actually RE agents are all independent contractors (no matter which firm they work for) and the decision on listing price is all the agent’s (and the seller’s) the RE companies are pretty darned smart–look at their profits–it’s the individual agents who aren’t.
I also toured this house a year ago with a small independent broker. It’s a bad, cheap renovation. I wouldn’t buy it for any price. It looked so bad it made you wonder about the structure. Not surprised it has violations etc. I live almost straight across from it and I wish it would sell so maybe the new owner would make the exterior look better!
11:03
If what you say is true, then it means the death of large brokerage firms. If they truly would sacrifice a sale commission and the goodwill of a client purely to manipulate the market, who would trust them?
I would probably conclude the broker was just incompetent – most residential brokers really have no understanding of real estate economics. If there really is a company policy of deception, so much so that individual brokers have no say in setting the offering price, they are finished.
Wow. I really can’t believe how illiterate that listing is. And what few photos there are make the house look terrible. Hard to say though whether it’s the broker or the owner who’s behind the crazy price. But obviously it’s the owner who’s behind the lousy renovation.
Corcoran should be sued for malfeasance. I have a friend who decided to move back home and bought a house with a loan from parents. Then she put her house in Brooklyn up for sale. Agents at Brown Harris and Corcoran gave her a similar number which she took at face value – she just wanted to get the house sold and believed them when they advised her on a number. She went with Corcoran. This was in January. 7 months later, she has had to chop the price by $400K and the house is still not sold. This is not a greedy person – she just believed what these assholes told her. SO obnoxious and really makes me believe that it is the nasty agents who are trying to prop up these COMPLETELY untenable prices – given the truly screwed up markets – taking advantage of people’s ignorance and in the end completely fucking them over. That being said, I guess the owners have a responsibilty for following economic news and insisting on a reasonable price.
Funny thing is, maybe 1.5 or 2 years ago, some fool would have dropped 1.8 or 2 million on this wooden frame in culturally rich Clinton Hill.
Is Mr. Da Sylveira totally unaware of his fellow brokers at Corcoran Ms. Bobbit and Ms. Corporan (what?!) who are selling this (http://tinyurl.com/6crhpb) house, nearly identical in size and renovation quality that is THREE DOORS DOWN FOR THREE-QUARTERS OF A MILLION DOLLARS LESS?????!!!!!
http://tinyurl.com/6crhpb
All parties involved are so frak-all stupid it completely blows my mind right the frak out.
Corcoran brokers are fools. I don’t understand why they don’t advise the seller that this number is unrealistic.
“a complete remodeling” yet there’s only 4 lame pics??? if i were the seller, i’d fire the broker.