The owners of Apt 9A have been living in delusion since this apt listed earlier this year. They priced it considerably above better, higher floor apts in the same building. Surely, even a brain dead prospective buyer would be able to discover this on their own. And yet, 9A owners and/or broker have been pretending that the same apt on the 10th floor didn't sell for almost $400,000 less; or that... [more]
The owners of Apt 9A have been living in delusion since this apt listed earlier this year. They priced it considerably above better, higher floor apts in the same building. Surely, even a brain dead prospective buyer would be able to discover this on their own. And yet, 9A owners and/or broker have been pretending that the same apt on the 10th floor didn't sell for almost $400,000 less; or that the same apt 6 floors higher with significantly better views isn't in contract for several hundred thousand dollars LESS. Earlier today, they finally reduced the price, by $101,000, but what this says is that they're still living on Fantasy Island. Guys, you have hundreds of thousands more to go in terms of cutting your price so let me give you some simple advice. The longer your place is on the market with you making relatively small, incremental price reductions, the lower your apt will likely end up selling for. Take off the band aid and start cutting for real! You have a lot more to go.
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Response by ximon
over 7 years ago
Posts: 1196
Member since: Aug 2012
SE keeps sellers honest about the history of their listings. I wonder if sellers and their brokers really understand.
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Response by Squid
over 7 years ago
Posts: 1399
Member since: Sep 2008
Totally delusional. 25A's views are spectacular and put it into a different product category than either 9A or 15A. But even 15A's views are markedly better than 9A's, and the fact that 15A is in contract likely at a lower price should give the 9A owners a much-needed dose of reality.
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Response by 30yrs_RE_20_in_REO
over 7 years ago
Posts: 9877
Member since: Mar 2009
Ximon,
That is probably why we have seen a number of units which have been on the market for a while reappear with odd (nonexistent) unit numbers.
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Response by ximon
over 7 years ago
Posts: 1196
Member since: Aug 2012
Interesting 30. I did not know that trick. The trick I see on Realtor.com and other listing services is to take it off the market for a week then relist which wipes out the old listing info and resets days on market. I did that myself frequently for my weekend house in Connecticut.
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Response by hejiranyc
over 7 years ago
Posts: 255
Member since: Jan 2009
Last year, in another building downtown, I was interested in a place and offered very close to the asking (> 95%). Wouldn't budge on the price and the owner decided to withdraw his place from the market. Over a year later, the same apartment is back on the market, but languishing despite a number of price chops (-10% of what was asked a year earlier). Just goes to show you that greed can result in people making very dumb decisions.
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SE keeps sellers honest about the history of their listings. I wonder if sellers and their brokers really understand.
Totally delusional. 25A's views are spectacular and put it into a different product category than either 9A or 15A. But even 15A's views are markedly better than 9A's, and the fact that 15A is in contract likely at a lower price should give the 9A owners a much-needed dose of reality.
Ximon,
That is probably why we have seen a number of units which have been on the market for a while reappear with odd (nonexistent) unit numbers.
Interesting 30. I did not know that trick. The trick I see on Realtor.com and other listing services is to take it off the market for a week then relist which wipes out the old listing info and resets days on market. I did that myself frequently for my weekend house in Connecticut.
Last year, in another building downtown, I was interested in a place and offered very close to the asking (> 95%). Wouldn't budge on the price and the owner decided to withdraw his place from the market. Over a year later, the same apartment is back on the market, but languishing despite a number of price chops (-10% of what was asked a year earlier). Just goes to show you that greed can result in people making very dumb decisions.