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UES co-ops

Started by GeorgeP
over 3 years ago
Posts: 106
Member since: Dec 2021
Discussion about
I've been looking at UES co-ops for a year or so. While the rest of the country is seeing increasing prices, it seems like the UES has been flat for several years. Is this area out of style and no longer appealing to new buyers? On a few units I'm looking at the Board won't approve offers that are "too low." I'm concerned if I buy here that down the road I won't be able to sell if the Board doesn't like my price. Any thoughts?
Response by front_porch
over 3 years ago
Posts: 5316
Member since: Mar 2008

GeorgeP, according to my computer system, that listing (if it's the one I think it is) has expired. It has expired three times before, and it keeps getting renewed with the same listing broker, so I agree with Keith -- if you want to see it, ping that listing broker.

Also, FWIW, I haven't seen the listing contract on this particular unit, but that broker "generally" has a generous carryover of representation in their firm's contracts, so you wouldn't necessarily be saving yourself any money by going straight to the owner.

ali r.

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Response by 30yrs_RE_20_in_REO
over 3 years ago
Posts: 9877
Member since: Mar 2009

From what I can tell retail is doing vastly better on UES than most of the trendy Downtown neighborhoods.

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Response by GeorgeP
over 3 years ago
Posts: 106
Member since: Dec 2021

front_porch Thanks for the advice. I'd go through the broker. Going directly to sellers is usually not worth the added hassle.

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