Monthly Archives: March 2011
It’s Thursday, so I was prowling around the eastern side (east of North Street) side of town, I saw one house that I thought might – might – go for $1.495 but, better, $1.295 (I try to guess the prices without looking at the open house sheet). No, this one’s asking $1.995 – what am I supposed to do with that? I have angry readers who demand that I sell their houses for what they want, goddamnit it, but honestly, it can’t be done. Buyers aren’t as stupid as sellers think they are.
Further down in Riverside, I saw a wonderful house that I’d leave exactly the way it is, even though it’s being priced as a land sale. But I was struck by the new broker’s comment that they were leaving the price where it had been with the previous broker because “‘the sellers received several offers close to the asking price”. So why the F**K didn’t you take one of those offers, you knuckleheads??!! You lose out on six months of investment income, you’ll have to keep your house in showroom condition for the same period and run the risk that the market will run against you. You have a great new broker – none better – but the market is the market. If someone offers close to your asking price, start talking, keep the deal moving and close that sale.
India beat Pakistan in cricket, or maybe it was the other way around. Fudrucker was there to cheer on the winning (or losing) team, while Peter Tesei was there in spirit, but uncertain who to root for. Whatever.
36 Brookridge, a brother Gideon listing, was priced at $2.999 February 2 and it, too, has a contract.
10 Winding Lane, Rene Gallagher, listed at $2.5 million December 16, dropped quickly to $2.395, and is selling.
Randy Kelleher listed 21 Chapel Lane in Riverside at $1.575 on March 3 and already has a buyer.
So yes, the market is active – you just need the right price.