A time to bargain?

Screen Shot 2012-12-12 at 10.31.27 AM78 Doubling Road is now being sold by a relocation company, so presumably the original owner has been paid whatever he was due and now there’s a property on the books of a relocation company that has no use for it. The new price is the same as the old price: $6.5 million, but I’d think it’s more negotiable now – I don’t know that, but the bean counter at the Relo has no particular skin in the game so ….. This house sold new, by the way, for $8.6 million in 2007, which serves as a cautionary tale about buying at the exact height of a market.

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4 responses to “A time to bargain?

  1. plover

    so f’ing ugly

  2. Anonymous

    So now asking 6.1 MM. I think if you can get this for 5.75 MM you are looking good.

  3. You knew it was the height of the market at the time? Interesting, most brokers I met in 2008 were still peddling statistics that Greenwich real estate never goes down.