Six Months Later: Open House Picks 7/6/07
Comment: Interesting to see the Crown Heights house go almost $100,000 over asking. Far as we can tell, the Park Slope listing was pulled, but let us know if that’s not the case. Open House Picks 7/06/07 [Brownstoner]
Comment: Interesting to see the Crown Heights house go almost $100,000 over asking. Far as we can tell, the Park Slope listing was pulled, but let us know if that’s not the case.
Open House Picks 7/06/07 [Brownstoner]
And you will invest in a Spelling Coach! 🙂
Since Real Estate is dead, maybe “The What” will invest in a grammer coach!
“Comment: Interesting to see the Crown Heights house go almost $100,000 over asking. ”
It’s called “cash back”! Sell over asking and get money back at closing. This one of the reasons why houses is so high. Then the house goes into foreclosure and the assholes who made the loan will be begging for a bailout.
Understand, this shit is real bad folks. This year you will not be able to get a mortgage without a full body cavity search. Wall Street is set to implode and take the American economy down with it. 2008 is going to be fun.
The What
Someday this war is gonna end….
The CH house did it right. Overpricing then spending months waiting for that one special buyer is a terrible strategy. Sellers have got to price things reasonably to even get people to take their listing seriously and go see it, much less make an offer. If the property sits around too long people start to think there’s something wrong with it.
My old realtor in L.A. always sold things this way: price the property just under recent comps, release the info a week or two in advance of the open house saying nobody will see it until the open house, and really follow through with that. Then on open house day it’s a frenzy. In the week leading up to my open house I had people walking into my yard in the night trying to look in the windows they were so desperate to see the place. Annoying, but it got me 7 offers on the first open house day and we sold for over asking.
Good day to the clueless. Unemployment number are starting to suck and consumer spending has fallen off a cliff. Hey asshole! Real Estate is OVER!!!! The bad thing the market are set up for a crash. 20% correction day coming your way. Real Estate is dead. Thank GOD.
The What
Someday this war is gonna end….
I think the pricing had a lot to do with the CH property.CH, unlike other areas of brooklyn is the first to adjust to reality. I don’t see a lot of available condos coming from the new landmark area. Anyone know what the pricing range for condos should be in this area?
Yeah, CH was priced relatively “cheaply”, so it went for over. It was also full of detail, and had had only two owners. Neighborhood not good, but great house.
I think CH was set at a great price
i think someone overpaid on ch house.