4 drops in 80 days, selling at huge haircutBecause it can be hard to track sales by units in the 2-building coop that includes 712 Broadway and 714 Broadway, there is no sales price associated with the StreetEasy listing for…
Tag: Psychology
712 Broadway loft sellers are the very model of modern motivated sellers (and unhappy flippers)
Tagged with: Barrel Vault, broadway, Ceilings, Classic, Discount, Flip, Motivation, Noho, Psychology, Renovation
more man-on-dog action as 21 Astor Place loft sells up 3% since Peak
only $50,000, but stillI hit a Bright Shiny Object last weekend, a man-bites-dog story last month, and a sale at 21 Astor Place the month before that. Today’s feature is the sale of the “1,304 sq ft” Manhattan loft #6F…
Tagged with: Astor Place, Bright Shiny Object, Man Bites Dog, New Development, Outlier, Peak, Psychology, Trump
129 West 20 Street hums country tune, times the market perfectly, kinda, sorta
paging Kenny Rogers Another way to frame the fight or flight question posed for disappointed sellers (in my November 15 post) is You got to know when to hold ’em, know when to fold ’emKnow when to walk away, know…
Tagged with: 2000, Anchor Effect, Chelsea Quarter, Country Music, Gambler, Kenny Rogers, Nuclear Winter, Psychology, Resale, West 20
270 Broadway loft is another price-to-sell quick sale, in a surprisingly efficient market
closes off 12% from 2007 but very near ask You are entitled to a different opinion, but I never tire of noting the quick Manhattan loft sales where the loft was priced around (or below!) the last sale price. The…
real estate market psychology: about seller refusal to take a loss
just ‘cuz “everyone knows” doesn’t mean it is not trueYes, it is no great revelation to state as fact that apartment or loft sellers in Manhattan (and elsewhere) are reluctant to sell (even when “on the market”) if they can…
Tagged with: Anchor Effect, Buyer, Discount, Loss Aversion, Negotiation, Psychology, Seller, Strategy, Sullivan, Wired
bidding war after 9 months, 6 price drops at 244 West 23 Street loft
timing is everything That hoary chestnut “it only takes one (buyer)” is dear to every seller’s heart, while the very optimistic sellers also love “it only takes two (to have a bidding war)”. These bromides cause a lot of sellers to…
Tagged with: Bidding War, Discount, Efficient, Metaphysics, Negotiation, Price Cut, Psychology, West 23
negotiation science / The Anchoring Effect
indeed, "we" are not so smartInteresting post from an interesting blog that I have been mulling over this past week, as it had great personal relevance this week (story below) and has a real estate nexus. The post is Anchoring…
closing in the Textile Building 66 Leonard Street
"gimme a 4!" … OK, then please give me a 3 (pretty please)#10C at 66 Leonard Street was offered for sale in January 2007 at $4.295mm. Our listing history shows a contract signed in February last year but that must…
Tagged with: Abatement, Closed, Common Charges, Leonard, Price Drop, Psychology, Resident Manager, Textile, Threshold
buyer
what’s The Market Price if you set the market? The dialogue with Larry this week in
(no irritating Ps but) more seller psychology / are loft-sellers more prone to ego errors?
the Lake Wobegon effect? My P-filled post about sellers not adjusting to the current market (pseller psychology pstuck pso psales psuffer?) leads to wondering about Manhattan loft sellers. Although my prior post talked a lot about ego-driven decisions…
Top
Follow Us!