at what point should a seller considering lowering its price after going on the market, after 30 days? 60 days?

What percentage of asking is that 50k? If you're selling a $2mm place, take it. If it's a $400k studio, well...

sorry good point - i have it priced at 779,000 in the east village

dingbat, unfortunately, because of streeteasy and other resources, something that sits too long tends to cause potential buyers to second guess and act a bit paranoid about your property. That's not fair, especially if your place is great and well-priced. My advice is to look over comps again, esp within the same building. If you feel you're still priced ok and you don't need to move right away, stick to it; someone will bite or come close enough. Otherwise, you may want to rethink the strategy. Good luck!

I would also check out Doug Hedding's truegotham.com blog for sell-side/pricing advice. You may want to look at this recent thread concerning an East Village seller:

http://www.streeteasy.com/nyc/talk/discussion/2817-decent-appreciation-given-market

Would the original bidder not move up an inch? I agree with the answer to look at comps and see where similar places sold for - maybe the offer was fair. 32 days does not seem long to me especially during the cold winter. Personally, I would try and hold on much longer, at least a couple months (unless you really need to sell or the apt is overpriced, of course). Good luck.

can I ask how big your place is? square footage wise?

coop / condo?

coop - about 1000 sq ft

i think thats a good price for it but depends on other factors etc etc like location etc etc etc..........

I would hold off till spring comes around... unless you are in a hurry.

http://www.urbandigs.com/2008/02/when_good_bids_go_bad.html

take it with a grain of salt.. but this may help you...

dingbat, I think I know your listing. I can give you some thoughts from a browser's perspective, though of course I understand if you'd rather not discuss it publicly.

dingbat, figure out a way to contact tenemental off line. He seems to have a very good handle on East Village comps, pricing, etc. For your own good, I don't think you want to post many more details in a public setting.

Agreed regarding security, JuiceMan. Thanks for the vote of confidence.

tenemental@gmail.com