Broker Tactic. Buyers beware
Started by 300_mercer
over 15 years ago
Posts: 10577
Member since: Feb 2007
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Ive been to at least 10 open houses where this tactic was used whether truthfully or falsely.
Only 2 of those units ended up "in contract" within 2 weeks.
I would put the info on ignore. Maintain your own game plane, with a wish price and max price and hold steady.
Keep in mind that some contract processes take longer. Ours took three weeks because of two problematic items uncovered in diligence, plus slow lawyers on both sides.
We were told there were two other bids on our apartment. May have been true (traffic indicated a lot of interest), may have been false. Didn't change our behavior in any way. We bid what we were going to bid and stayed at that number. If you can't trust yourself to do that, IMO you're not ready to buy.
thatz like a mexican hooker saying no to 500pesos... she'll take 50pesos...
I was told this has a ready buyer close to the offering price more than 6 weeks back. I thought the price needs to come down to $1.5mm given the place needs some work and it will be in the construction zone of NYU for the next few years.
http://streeteasy.com/nyc/sale/507542-condo-542-la-guardia-place-greenwich-village-new-york
The last open house I went to where I was given the "2 offers are out there near ask" routine was this one 4 weeks ago;
http://streeteasy.com/nyc/sale/524707-condop-63-east-9th-street-greenwich-village-new-york
I just didn't like the apartment and had no intention of bidding anyway. Just one of those that looked great on paper but not in real life.
Anyway, thought it was silly to waste that routine on me when I had not indicated I would offer.
It's just rookie 101 sales.
This definitely is the oldest trick in the book.
I was at an open house for 88 Bleecker 3H two weeks ago. I got a call the next day form the broker saying that there were two people already interested in the building. While I was there, I was the only person at the open house and I was the only person signed in on the broker sheet. It was such bull. Still on the market.
http://streeteasy.com/nyc/sale/530332-coop-88-bleecker-street-noho-new-york