Open House Picks: Six Months Later
Comment: Better results than the past few weeks. Open House Picks 7/11/08 [Brownstoner] Previous Six Months Later Posts [Brownstoner]
Comment: Better results than the past few weeks.
Open House Picks 7/11/08 [Brownstoner]
Previous Six Months Later Posts [Brownstoner]
Fair enough Muffett and everyone else. We are taking a large leap of imaginative faith to construct this buyers thought process but it is entirely possible, if not likely, that the “oh shit” factor is at work here. It is hard to know this for sure but I wouldn’t want to bet against it.
On the other hand, in re: ooo, nice piece of coral–they might well get their price.
Perhaps the seller got some sweet job offer overseas and now has to sell because they have to move.
Let’s not all jump to conclusions that when a house goes on the market during these tough times the seller must be in a bad predicament.
shillstoner…in the other post you said the market was collapsing. Are you schizophrenic???
“Better results than the past few weeks”??? Not really:
1. South Slope – All the issues noted above.
2. Ft. Greene – Did not drop price, and did not sell.
3. Ditmas Park – Sold for 6% off, pre-Lehman. Accurate reflection of market in September, not relevant to today.
4. Bed-Stuy – Off the market.
None of this adds up to “better results”.
bk14 – we have memories like goldfish.
ooo, nice piece of coral
ooo, nice piece of coral
ooo, nice piece of coral
11217 – clearly the seller regrets paying that price. It was obviously a bad decision, a mistake. So the buyer who paid that is a buyer with bad judgment. Now the guy is really going to be in bad shape since I stand by what I said. He paid way more than comps and that will really hurt him now.
I guess Miss Muffet did not account for the one idiot who paid at least 200K over. A gross oversight.
2 of the 4 houses actually sold 6 months later. That must be proof that…um…well…something…
This 14th Street house has been discussed many times on this site, precisely because it was put back on the market soon after closing. Doesn’t anyone remember?? I’m going to dig up the threads, but until I do, here is the basic information:
Public Records show Sale closed 10/23/2008 (See ACRIS, Prop Shark, Streeteasy)
RE-listed at $2.15 million by Warren Lewis on 12/01/2008
(see Streeteasy link
http://www.streeteasy.com/nyc/sale/368119-anyhouse-237-14th-street-park-slope-brooklyn)
Warren Lewis listing (including open house information)
http://warrenlewis.com/cgi-bin/re/re_show.pl?re_command=show&ID=6502
Actually, since the closing was in 10/08, my guess is that this 14 St house went into contract before the s**t hit the fan – so the buyer (now seller) did not see the train wreck coming until it was too late. I feel sorry for them since there must be some kind of distress driving this immediate resale at what will surely be a loss once you factor in taxes, commissions, etc.