Jul. 13, 2009 - does not compute / 2007 + 10% = no sale?

will aggression be rewarded? (you can guess)
A not-quite-recent new listing of a Manhattan loft caught my eye because it is in a building in which i have recently looked at a recent sale compared to past sales, and found a 2009 clearing price that approximated an old clearing price. Based on the opening ask, the seller of the new one must not be a Manhattan Loft Guy fan....

The almost-new-to-market loft was bought brand spanking new three years ago at $800k (it is not a large loft, obviously). That first buyer immediately tried to flip, without success, looking for 30% more than s/he had paid. It took about a year, and asking prices bouncing up and down, before it sold for just under a million -- a 23% return before expenses.

flipping The Market a bird (or trying to)
It is that Spring 2007 buyer who is now trying to sell, originally at a 10% premium. More precisely, that Spring 2007 is offering the loft for sale. Maybe the spread is not so great that it will prevent an offer (emphasis on maybe), but asking 10% more than the 2007 price is a tad ... aggressive.

Aug. 29, 2009 - RE: does not compute / 2007 + 10% = no sale?

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Nov. 22, 2009 - RE: does not compute / 2007 + 10% = no sale?

Hey nice post.
Thanx for sharing.

Gregor S.

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Nov. 25, 2009 -

Nov. 26, 2009 - ugg boots on sale

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