another seller who gets it / pricing 7% off 2007

nice try, but enough?
There’s a loft newly offered for sale in a Manhattan Loft Guy fave building (value!) that — I think — is taking the right approach to The Market. The 2009 seller was a 2007 buyer, and is starting in The (new) Market at 7% off the market price of The (old) Market.

I know what you are thinking
But you may be thinking that 7% off a close-to-the-top of The (old) Market is not enough, even as a starting point for soliciting interest. But what I have not told you is that the loft appears (from a comparison of the two listing descriptions, then and now) to have been given one of those no-detail-overlooked renovations in the interim. If so, I believe that the 2009-seller-from-2007-buyer has probably added enough value to make the 7% ‘discount’ from 2007 a healthy place to start.

Only The Market knows, however. I will watch it, so you will now when The Market decides.

© Sandy Mattingly 2009