Even Lincoln Thought Your Apartment Was Overpriced
Former Senator Moynihan wrote, “Everyone is entitled to their own opinions.
They are not entitled to their own facts.”
I love that quote.
Certainly, brokers are entitled to think their properties are worth what they are listing at- but pricing often strains credulity.
I’m working with a great guy in finance who is depending on me to work out the ultimate contract price.
He already feels that now is the time to make a purchase happen.
I am seeing rates drop today.
Joy!
But I’m seeing crazy prices.
Here’s a good example.
Click here to see it.
Apartment is beautiful, views are amazing.
But $999k?
It has such a limited pool of buyers- and one can get a 2BR apartment for this price- this will trade below $900k.
No doorman, no amenities- And we’re seeing this disconnect still with sellers.
I realize that you bought your apartment at the top of the market.
And if one is trying to sell without losing money in that situation- if that’s your only goal- I don’t have good news for you.
However, if you’re upgrading- you should be able to be successful.
It just takes a broader view of things.
That’s all for today.
Let’s get some realistic sellers!