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Favorite seller rationalizations

Started by 10105
almost 17 years ago
Posts: 123
Member since: Feb 2008
Discussion about
"They need $1.2m to afford the 2br they want." "They had a buyer at $1m last summer, so $900 thousand is a great deal." "They bought for 1.8m in 2007, and know that they are going to take a loss. They just don't want to take a large loss."
Response by kylewest
almost 17 years ago
Posts: 4455
Member since: Aug 2007

"Building comps for same apt line make my asking price very fair." Ignore that comps are from 2007-and first 1/2 of 2008.

"It's the first offer we received...let's wait because surely we can get more."

"I spent $3000 "updating" the kitchen with crappy cheap stuff and suburban low-end finishes. That makes my place worth more than the one that sold with the old kitchen."

"Because I chopped up my junior-four and made a ridiculously small 2nd "bedroom," I now have a 2 bedroom apt that's worth more than it was as a junior four."

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

"I don't HAVE to sell"

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Response by nycjunior1
almost 17 years ago
Posts: 192
Member since: Dec 2008

"We think it's well priced considering the spring buying season is just around the corner!"

"Similar apartments in the building have recently sold for higher." (when pressed on when that was... "in the summer of 2008.")

oh, and here's the best... "We're not going to give it away!"

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Response by nycjunior1
almost 17 years ago
Posts: 192
Member since: Dec 2008

Almost forgot

"If he doesn't get the price he wants he'll just rent it out."

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Response by YJBO
almost 17 years ago
Posts: 88
Member since: Dec 2008

"Manhattan is an island....there's nowhere left to build."

"the foreigners will keep the market strong"

"New York is the greatest city in the world"

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

"this isn't like the 80s, they added much more inventory then"

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Response by nycjunior1
almost 17 years ago
Posts: 192
Member since: Dec 2008

I just remembered this one. It's ridiculous:

"If you don't buy this apartment now I'll kill my wife and children!"

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