Skip Navigation
StreetEasy

Solution to slow sales: Raise prices!

Started by modern
over 17 years ago
Posts: 887
Member since: Sep 2007
Discussion about
From Sunday's NY Times: "With a stalemate at One Beacon Court and other expensive condos, some brokers might recommend that sellers cut their asking prices. But not Louise Sunshine. She created the marketing plan and sold apartments at One Beacon Court and many other expensive projects. She also bought a home at One Beacon Court. She said there was no reason to think that cutting prices would lead to sales at anything but distress levels. "I would advise anybody who lives in a quality building to raise their prices and have patience," she said, "because nothing is going to move until people have confidence."
Response by anonymous
over 17 years ago

i heard tge same story.. then i drastically lowered the price and it sold. if you can wait, wait but if you can't raising the price does not seem to be the answer.. my opinion

Ignored comment. Unhide
Response by cccharley
over 17 years ago
Posts: 903
Member since: Sep 2008

what an idiot.

Ignored comment. Unhide
Response by jasonkyle
over 17 years ago
Posts: 891
Member since: Sep 2008

it was april fools this week. i guess that would be her.

Ignored comment. Unhide
Response by hofo
over 17 years ago
Posts: 453
Member since: Sep 2008

Makes sense for her comment since she owns a unit there so lowering the price will lower her value. Maybe she is looking to pump and dump.

With so many people outraged about Wall Street dropping millions of bonuses to bankers, where is the outrage for the real estate brokers making millions just for opening the doors?

Ignored comment. Unhide
Response by LarryB
over 17 years ago
Posts: 6
Member since: Mar 2009

If you need to sell, lower your price, if you don't, don't. In amy case, do not let your broker pressure you into doing anything you don't want to do, regardless if you are a buyer or seller. And I agree with hofo about the ridiculous amount of money brokers make for not doing very little.

Ignored comment. Unhide
Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

Then again, these are the same morons who thought Manhattan RE would increase forever. Morons.

Ignored comment. Unhide
Response by evnyc
over 17 years ago
Posts: 1844
Member since: Aug 2008

It wasn't just Manhattan. It was nationwide. And it wasn't just borkers, either.

Ignored comment. Unhide
Response by nyc10022
over 17 years ago
Posts: 9868
Member since: Aug 2008

Yes, the nation was full of borkers.

Ignored comment. Unhide

Add Your Comment

Most popular

  1. Brooklyn Point
    3 Comments
  2. Compass vs Zillow
    8 Comments
  3. 80 Clarkson
    5 Comments
  4. COMPLETE List of Land Lease Buidlings in Manhattan
    3 Comments
  5. Hochul angling towards $5M+ pied a terre tax
    81 Comments