OWNER WILL NOT NEGOTIATE. ASK PRICE IS FINAL PRICE: Sale at 310 East 49th Street #10D

The owner should include this quote as well "Owner doesn't have a chance in hell of selling this apartment at the offer price".

This friggin apartment is down 200K from the original offer price! Do these people think we're blind and we can't see this apartment is plunging like a red-hot knife!!!!

Stupid.

Paragraph 2 doesn't make any sense. If the apartment is $100K less than currently listed, and is down $300K, does that make it LESS attractive?

Dog Bites Man

Look, virtually anyone who's crazy enough to sell in this market is selling because he has to. I'm sure this was just some nervous seller who instructed his agent to put that little line in despite his or her caution not to do so.

You are "sure" that the agent and not the client is responsible for this? I don't know about that. And remember, if this broker is netting 3% on his side of the deal and getting half that after sharing with the firm, 1.5%. 1.5% * $470K = $7.05K. 1.5% * $403K ($66K drop) = $6.05K. But for so little money anyway to the broker, if that is the size deal you are doing, you need volume and velocity. And 1.5% * $0 = $0

The one common denominator about every non-negotiable deal I've seen over the years is, it's a bunch of crap. Non negotiable is right up their with the phrase "guarantee", of holding little to no meaning. Anyone on this board could have the keys to this box tomorrow for the grand sum of $450,000 and we all know it. The owner would wet his pants over a $450K deal that could close in the next 60 days. Just like playing poker with someone who's got a losing hand.

6/20/2008
Previously Listed in StreetEasy by Brown Harris Stevens at $670,000.
04/01/2009
Delisted temporarily by Brown Harris Stevens. Last priced at $530,000.
04/15/2009
Listed in StreetEasy by Prudential Elliman at $499,000.
06/20/2009
Price decreased by 6% to $470,000.

Sold at 470,000 pesos

Apparently, there is no need to negotiate..the seller is doing it himself!

i'm curious- what do people feel the right price is...
also will add, everyone has a reason for why they do things and we are not in peoples head. there could be a zillion reasons, owner must get that price or no sale and no big deal, owner is up for negotionion ... they are just trying to sell an apt, not recruit terrorists

I don't have an issue with that line - why not be honest? If that is the owner's "price" then its fine to not waste his/her/anyone else's time. If it sells, fine. If not, fine. The owner bears the ultimate consquence.

This bothers me much more:
Once permission is granted, sublease agreements are to be for one (1) year only;second year with Board approval. Shareholders must own shares for a minimum of 3 years and demonstrate hardship before requesting Board approval to sublet. co-purrchasing is ok, parents purchasing for kids & guarantors are on a case by case basis.

WTF is the broker thinking???? Why would you include random sublet info in a paragraph that is meant to highlite the selling points of an apartment? This is a perfect example of a "professional" who is anything but. I am a 3 x FSBO and I could definitely sell this apartment before she could.

Maybe seller can afford the monthly carry but has no cash to make up the difference in a short sale. The ask price could be the amount of mortgage and any deal below the ask would require seller to bring cash he/she does not have to the table.

Everything is negotiable. Everything.

smacstein is absolutely correct. For now, the seller is doing all the negotiating for potential buyers by bidding against himself over and over again. I would do nothing to interfere until he tired of this and then open the talks.

wording of add and pricing history suggests no one involved in this is especially sharp and such people are likely unaware of the most basic principles of bargaining. You can probably negotiate with them and not have them even realize they are negotiating.

I dont think there is any problem with this. More brokers should be honest like this. This agent is smart to not waste his time or anyone elses. I wouldnt want to look at something that i knew wouldnt be in my price range and when people look they sometimes look high thinking that they will get some $ off the asking price. I also think board information is great to have and yet another way to not waste anyones time. People are very informed and when buying a home you should know these things and the more information you get up front the better.

NYCchickie is a very thinly disguised Sindy Sanchez. NO ONE (and you know how rare it is that we get any type of uniformity across opinions here) thinks this broker is smart. Plus your grammar is comparable to that listing.

My bet: that listing is revised and edited asap.

TOTALLY agree the listing should be re-written. Should focus on the great aspects of the apartment: not some cracked out story about subleasing. I read it fast but did i see the word....hardship ?????
Not the way to sell an apt in this (or any) market