Hi, I'm new to this game of real estate and I wanted to get your opinions on this listing: http://streeteasy.com/nyc/building/vivix-condominium It's for a studio, on the ground floor, that is priced ridiculously high at $777/sqft. A one bedroom on the floor above is going for $620/sqft. I submitted an offer that was 5% lower than the market value of that studio if it were listed around $600/sqft... [more]
Hi, I'm new to this game of real estate and I wanted to get your opinions on this listing:
http://streeteasy.com/nyc/building/vivix-condominium
It's for a studio, on the ground floor, that is priced ridiculously high at $777/sqft. A one bedroom on the floor above is going for $620/sqft.
I submitted an offer that was 5% lower than the market value of that studio if it were listed around $600/sqft and the sellers broker said that the owner is not accepting offers unless it is close to the asking price.
What is going on here? How common is it for brokers, who have had to property for 2-3 years without a sale, and all other units are sold, to not entertain offers? Don't people want to get paid?
I need advice to break into negotiations.
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