Skip Navigation
StreetEasy Logo

how low can you bid in a new development?

Started by mrs1007
almost 16 years ago
Posts: 95
Member since: May 2009
Discussion about
We are looking at a new dev with a unit for about 800K in Central Harlem (south of 125th). We want a deal closer to 735-45K in order to seriously consider. Is there any point in bidding around this amount in a new building, or should we wait and see what prices the others go for first? Other similar properties in the area are asking a little bit less (20-30K) and have been on the market for over 6 months.
Response by maly
almost 16 years ago
Posts: 1377
Member since: Jan 2009

What do you have to lose? Offer $725, ask for the developers to pay the closing costs, outline your cash situation and mortgage pre-approval, the worst that can happen is that they say no. It doesn't seem unreasonable at all, you are within 10% of their ask.

Ignored comment. Unhide
Response by mrs1007
almost 16 years ago
Posts: 95
Member since: May 2009

someone had told us that new dev were much less flexible that existing properties... thanks for the advice!

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Pre-election luxury market
    67 Comments
  2. 35 Sutton Place...coming soon
    81 Comments
  3. 55% of New Yorkers won't
    23 Comments
  4. How much is this apartment worth today?
    25 Comments
  5. Mamdani and rent control
    47 Comments