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06.30.08, 11:04 AM New York City
5 replies
How long after property on market would you expect seller to lower price (first time buyer here). [ Reply | Watch | Flag ]
New York City 06.30.08, 11:04 AM Flag
 

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^^^this is in Manhattan [ Reply | More
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General Topics 06.30.08, 11:04 AM Flag
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It really depends on the seller's situation. Some sellers need a certain amount of $$ to cover their mortgage plus broker's fees and they won't budge. Others need to sell for one reason or another and may move on price. [ Reply | More
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General Topics 06.30.08, 11:06 AM Flag
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People are now trying to get any money for the house. Lenders are asking to lower the prices to see if it helps. [ Reply | More
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General Topics 06.30.08, 11:07 AM Flag
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unless they are going to suffer a loss of some sort, most agents would recommend a price reduction after 10-12 good showings (which could be 20-25 showings total) [ Reply | More
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General Topics 06.30.08, 11:09 AM Flag
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showings to individual buyers, not Open Houses, correct? [ Reply | More
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General Topics 06.30.08, 11:10 AM Flag
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