Industry News

Finding the ‘Nifty 50’

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

I have been so busy these past couple of weeks tying up a couple of rentals that I worried I'd been neglecting my sale. However, I know my seller is getting antsy as July -- and vacations with their consequent disappearance of buyers to the beach -- looms. So I decided to set up an open house for this weekend, and to make it a big one. Now I have to digress for a minute and tell you that the deal du jour in my area -- downtown -- actually happened as the result of a mistake. An agent accidentally typed the wrong price on a listing and the result of the underpricing was a fierce bidding war and a terrific final price. Crazy, huh? Well, that's what this market is like. My seller and I are happy with our pricing -- we've seen offers that we like -- but prospective buyers have not gone to contract so I am now looking for someone with a lot of desire and no problems getting financing. After careful consideration, it seemed like the best strategy was to stop paying attention to m...