Following up on last week’s post, there is nothing going on in Greenwich real estate

Sackcloth and ashes - Russ Pruner and Joe Barbieri discuss real estate activity

We’re busy down here in Old Greenwich, but busy with distressed properties and ain’t that a joy, when banks don’t even know what they own or who in particular might be overseeing a bad loan.

[What used to be] “Normal” sales – where there is still equity in the place – continue to be hindered by some simply inane agents – one day, when I leave this business, I’ll post some examples, but if sellers knew how badly they are being represented by uneducated, silly amateurs, they might re-think the idea of paying 5% commissions. God forbid.

For now, I’d recommend you ignore the hype of local agents about a “recovering market” and pay attention to what isn’t selling. If you’re over two you’re screwed, and I don’t see that changing anytime soon.

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5 responses to “Following up on last week’s post, there is nothing going on in Greenwich real estate

  1. xyzzy

    Except for the one darn piece of property I wanted in Old Greenwich. 😦

  2. xyzzy

    Nope. Over $2

  3. Fly Girl

    There are a couple of educated professional agents who get it all wrong too!! 🙂 Hurry up and retire so we can see your list. I bet your readers can add a name or two.

    My take, FWIW, is that agents today are plain and simply jaded. They’ve forgotten what makes a house lovely. What makes it a home. And oh how good agents are at making sellers feel horrible that their house doesn’t have “it”.