House of the Day: 489 16th Street
It’s not really our cup of tea, but someone’s obviously put a lot of effort into renovating this three-story brick townhouse at 489 16th Street in Windsor Terrace. The look is a little too “new condo trapped inside old house” for us. That said, everything’s new and the location, just a block from the park,…
It’s not really our cup of tea, but someone’s obviously put a lot of effort into renovating this three-story brick townhouse at 489 16th Street in Windsor Terrace. The look is a little too “new condo trapped inside old house” for us. That said, everything’s new and the location, just a block from the park, is very nice. The house was purchased for $925,000 back in 2005 and is now asking $1,595,000. What do you make of it?
489 16th Street [Corcoran] GMAP P*Shark
Question Gemini:
Did you price your house above what you thought it would eventually sell for. I’m just curious of the mindset, knowing that sellers will want discounts for everything and then where buyers are setting the price.
If, as a seller I know that buyers are going to want a discount no matter what, I’d probably price higher hoping to negotiate it down. It sounds tricky, but also sounds like you’re coming out pretty well. In this day and age, 15% off ask does not sound bad at all to me.
gemini you are one of the few smart sellers who gets it. The days of puting some retarded ask and getting the ask are long done. Underpricing your place to attract multiple buyers is the way to sell right now. I hope you do well
“They live in Boston. I have another friend in Syracuse who’s first home was a 3 BR single-family in Syracuse. My younger brother’s first home in syracuse was a 2BR single-family. My friends in SoCal’s first homes have all been multi-story, 2BR or more, though many share walls.”
Bu they live in Syracuse, Boston and SoCal.
I’m just joking really, but none of those places are NYC.
Yes, I’m one of *those* people. Ha.
Boston is nice enough I suppose, but I’d be bored to tears in a week. And I dislike SoCal highly, so no comparison to me there. Not familiar enough to comment on Syracuse, but I’m guessing your friends all probably secretly (or maybe not so secretly) think you and your wife have pretty sweet lives in the Big Apple.
Sam
I am selling my house (south slope)
we have a buyer that is interested and we are in the negotiating phase right now, I priced it well and that drew a lot of attention the first few weeks. We are about 4 weeks in and we have a serious buyer – but the agreed price now is about 15% from where I listed it b/c I had to give a price reduction after the price we did agree on that was only about 8% below what I asked
Hope that gives you an indication
point is – sellers, price your place well and buyers will come! – but buyers want a discount now for everything, so they will then chip away at your asking price no matter how well you priced it to begin with
its a tough market out there right now!!
D’oh, sorry denton and Benson!
“the smart people are the only people left with money to buy”
Not sure about that…Paris Hilton’s got a few hundred million lying around and I’m not so sure she’s the brightest bulb in the socket.
“Witness people like Sam, Dave, and Benson – all people who are well beyond starter status – being like “eew two stories and crappy floors!””
I don’t think benson would like being confused with denton 🙂
I dont think this will sell for over a million. Smart people will want to avoid the mansion tax and the smart people are the only people left with money to buy.
“Witness people like Sam, Dave, and Benson – all people who are well beyond starter status – being like “eew two stories and crappy floors!””
Yes, and as you’ve probably noticed, Sam and I have had “words” over these very comments.
How dare I think about living in NYC in less than 2000 sf. I’m so low class. 😉