Unlike the rest of the country New York City has just turned into a full scale buyer's market. We were riding a meteoric rise in prices and now we are in the eye of the storm of the financial market crisis. The New York City real estate market and Wall Street have such strong ties that when Wall Street succeeds a lot of that wealth flows into the real estate market. Now that Wall Street is restructuring itself, a lot of prospective buyers are sitting on the sidelines waiting to see what happens.
I just took a new listing with a very motivated seller and am asking for your advice on what you did to sell your listings in this type of market. The apartment is in fantastic condition, it's in a brand new building and has barely been lived in. There are 6 other units available in the same building with the exact same layout, but on different floors. We are priced very competitively, and are trying to set our listing apart other than price with different incentives.
Our seller will pay for your moving costs, they will pay for a year's worth of your groceries, or help buy down your interest rate. We are trying to think outside the box, inside the box, around the box, destroying the box, throwing the box, anything we can do to expose this property and to secure a highly qualified buyer.
What worked best for you to get people in the door?
What incentives work better than others?
We are all ears to get this property sold. Thank you for your feedback.
To look at our listing click here!
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