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If you've sold a house/condo/co-op.....

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Palebride
I am an amazing bakist

Member since 5/05

13673 total posts

Name:
Lori

If you've sold a house/condo/co-op.....

....how did the amount you sold for compare to what you were asking?



Posted 2/21/06 3:57 PM
 
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DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: If you've sold a house/condo/co-op.....

On the two co-ops I sold... I got more than I expected on getting.... a LOT more actually. Chat Icon

Posted 2/21/06 4:07 PM
 

Palebride
I am an amazing bakist

Member since 5/05

13673 total posts

Name:
Lori

Re: If you've sold a house/condo/co-op.....

I'm getting a little annoyed becuase I thought we prced our co-op pretty fairly....and so far the two offers we got were waaaay below what we're asking Chat Icon

Posted 2/21/06 4:13 PM
 

Nik09
LIF Adult

Member since 5/05

1982 total posts

Name:
Nikole

Re: If you've sold a house/condo/co-op.....

We got asking price and multiple bids at the asking price. This of course now makes us think we should have asked for more Chat Icon

Posted 2/21/06 4:14 PM
 

Nik09
LIF Adult

Member since 5/05

1982 total posts

Name:
Nikole

Re: If you've sold a house/condo/co-op.....

Posted by Palebride

I'm getting a little annoyed becuase I thought we prced our co-op pretty fairly....and so far the two offers we got were waaaay below what we're asking Chat Icon



I think people feel like they are getting a deal if they get the house below asking AND I think people feel like the asking price is not really what the seller is willing to sell for. Why not tell the buyers that if they bump it up to X then it's theirs. This way you don't have to do all the back and forth. If they want the house they'll push up their offer. Good luck!Chat Icon

Posted 2/21/06 4:17 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: If you've sold a house/condo/co-op.....

Posted by Palebride

I'm getting a little annoyed becuase I thought we prced our co-op pretty fairly....and so far the two offers we got were waaaay below what we're asking Chat Icon




You have to find out what other co-ops SOLD for in that area. If they sold for the price you are asking... then wait it out.

Now if they are simply being listed at the same price... you have to see. Everyone might be listing too high right now.

Posted 2/21/06 4:19 PM
 

Palebride
I am an amazing bakist

Member since 5/05

13673 total posts

Name:
Lori

Re: If you've sold a house/condo/co-op.....

Posted by DjPiLL

You have to find out what other co-ops SOLD for in that area. If they sold for the price you are asking... then wait it out.




We're asking around the same amount others have sold for recently.....maybe we just have to wait it out

Posted 2/21/06 4:22 PM
 

karacg
Babygirl is 4!

Member since 5/05

17076 total posts

Name:
Kara®

Re: If you've sold a house/condo/co-op.....

I sold my co-op for the price I asked.... but I raised the price every time a sale fell through.

Good luck!!

Posted 2/21/06 4:49 PM
 

november12003
Love my boys...

Member since 5/05

2412 total posts

Name:
Jenn

Re: If you've sold a house/condo/co-op.....

We started our co-op at $219K...got a couple of low offers, didn't want to accept any, but were willing to drop the price to $209K. We got an offer, but they ended up backing out. Once that happened, people started offering like $175-$185K and I was like, I don't think so. We held out and ended up getting $209K. The process did take us a couple of months though.

Posted 2/21/06 4:56 PM
 

MsG
Should be working

Member since 5/05

2824 total posts

Name:
G

Re: If you've sold a house/condo/co-op.....

I don't think you are asking too much at all! I think it's totally fair. I'd wait it out.

Posted 2/21/06 5:03 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: If you've sold a house/condo/co-op.....

Posted by Palebride

Posted by DjPiLL

You have to find out what other co-ops SOLD for in that area. If they sold for the price you are asking... then wait it out.




We're asking around the same amount others have sold for recently.....maybe we just have to wait it out




Didn't you list it with a realtor? They are supposed to know what the market is. They have access to all the recent sales so they should tell you what similar units recently sold for.

Maybe if they aren't marketing your property well enough... it might be time to find a new agent? Chat Icon

Posted 2/21/06 5:06 PM
 

Palebride
I am an amazing bakist

Member since 5/05

13673 total posts

Name:
Lori

Re: If you've sold a house/condo/co-op.....

I guess my next question should be - how long was your place on the market before you got an offer you would accept?

Posted 2/21/06 5:35 PM
 

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

Re: If you've sold a house/condo/co-op.....

Posted by Palebride

I guess my next question should be - how long was your place on the market before you got an offer you would accept?





I sold both my co-ops within the week of putting them on the market. Both co-ops had more than one offer.

But my situation was different. I was selling in what is perhaps the hottest area in queens for co-ops.

I don't think the market in Nassau is as hot for co-ops as Queens is.

Posted 2/21/06 5:40 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: If you've sold a house/condo/co-op.....

asking price 250K
we wanted 240K
got 240K

Message edited 2/21/2006 6:49:39 PM.

Posted 2/21/06 6:49 PM
 

Redhead
You Live, You Learn

Member since 5/05

31871 total posts

Name:
Jennifer

Re: If you've sold a house/condo/co-op.....

Posted by Palebride

Posted by DjPiLL

You have to find out what other co-ops SOLD for in that area. If they sold for the price you are asking... then wait it out.




We're asking around the same amount others have sold for recently.....maybe we just have to wait it out

If i were you i certainly would wait it out.
Unless you are in a rush....

IMO i wouldn't jump too quick...

My first offer was for 230....got nervous but held my ground and got what i felt it was worth!

Posted 2/21/06 6:52 PM
 

Palebride
I am an amazing bakist

Member since 5/05

13673 total posts

Name:
Lori

Re: If you've sold a house/condo/co-op.....

Posted by Redhead

If i were you i certainly would wait it out.
Unless you are in a rush....

IMO i wouldn't jump too quick...

My first offer was for 230....got nervous but held my ground and got what i felt it was worth!



thanks!

Posted 2/21/06 6:59 PM
 

dottiemchugh
<3

Member since 5/05

8261 total posts

Name:

Re: If you've sold a house/condo/co-op.....

We got our asking price

Posted 2/21/06 7:14 PM
 

sasha96
lovin' my 2 little ladies!

Member since 5/05

7401 total posts

Name:
Julianne

Re: If you've sold a house/condo/co-op.....

We got $10k over what we were expecting and had it sold in a day (though we had an open house scheduled and held it anyway). We had a townhouse.

Posted 2/21/06 7:25 PM
 

christy
Mommy of 2

Member since 5/05

6787 total posts

Name:
Christy

Re: If you've sold a house/condo/co-op.....

I think if you wait it out you will get what you are asking...

Posted 2/22/06 9:08 AM
 

Eleanor
LIF Adult

Member since 2/06

2223 total posts

Name:
Ellie

Re: If you've sold a house/condo/co-op.....

we listed it $5K more than a similar unit that sold and we had done some upgrading, but we listed it when the market started cooling off, we ended up getting $16K less than what we first listed it for. $1K less than our adjusted price. That was $5K more than another similar unit that had sold (but no upgrades - old kitch, etc)


BUT, I was snooping to see what others are listed at now and they are listed at $30K LESS than what we got! So I am happy we got what we got.

Posted 2/23/06 9:29 AM
 
 

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