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Price it Right

After visiting this house I was not impressed. The price needs to come down substantially. It is small compared to the other attached Tudors in the North Flushing area and lacks a lot of the standard Tudor details like a sunken living room, high ceilings, and the distinctive Tudor moldings. This house needs a new kitchen, bathrooms, and the basement needs to be updated. This house should be the jewel of North Flushing, if you are going to ask $599,000.

I would pay between $350,000 and $400,000 for this home, and that is really pushing it. There is a reason why this home is not selling, it is not priced right. The days of 2003, 2004, and 2005 are over. Price it right and it will sell.

Christine

While I want to thank you for your feed back - I want to also explain to you that this particular tudor IS the Larger of the attached tudor homes. The homes that feature a sunken living room are in fact the smaller style homes. Those smaller tudors have the fireplace in the corner of the livingroom and are usually 16 - 18' wide. This one that you are speaking of is 20' wide. The home does have the original moldings - you must have just missed them. The walls have been preseved to have the textured plastered walls - it was built that way and has not been changed. While I do agree with you that the kitchen and bath need some updating - they have been lovingly maintained. You are claiming that the Flushing North Tudor should sell for 350-400K. That is absurd and I have no reply for you on that except that the going market value for that home is what I priced it at. If you would like to discuss this further - I would be more than happy to chat with you at any time. I am sorry that you were not impressed - maybe I could find you something that would impress you - if you are a serious home buyer.
-Christine Forgione

Price It Right

Well Christine obviously we are not on the same page as to the Tudor style home that I was referring to.

I have listed an MLS link to the attached Tudor style home that I was referencing.

This home is 20 feet wide (not the 16ft to 18ft that you stated), has 14ft beamed ceilings (something that your listing lacks), and a sunken living room.

Here is the link to this home,

http://www.mlsli.com/uniDetails.CFM?MLNum=1876217&typeprop=1&start=81&rpp=20

The MLS listing number is 1876217, for you reference.

Please refer me to the smaller Tudor that you are talking about, because your listing is smaller than this one.

BTW, I am a very serious buyer, but I am also informed. I will keep an eye on your listing to see when its sells. Good Luck…

Price It Right

Christine,

I notice that this house is still for sale and still priced the same.

How long has it been on the market now 8, 9 months?

Do you still want to stand by your quote that my estimate value of this house was 350-400K was "absurd"?

And that the going market value of the house is what you priced it at.

Your quote:

"You are claiming that the Flushing North Tudor should sell for 350-400K. That is absurd and I have no reply for you on that except that the going market value for that home is what I priced it at."

Maybe you should come back to reality and realize that the doubling and tripling of home values the last 5 years was abnormal and made no sense.

Buyers are just not going to pay some made up price that was picked out of the sky…

Christine

Price it Right - I am sorry - I forgot to let you know that this home is under contract -and sold for close to asking price. So, as for me agreeing with YOUR pricing on the home - you were way under and guess what - I PRICED IT RIGHT!. Good luck though on your continued home search. I hope you do find something that suits you.

Price It Right

Well, what was the selling price?

Close to the asking price could be any amount.

I know you are going to tell me it’s confidential, blah, blah, blah...

There was no way that the house was worth anything near that price.

Remember the old proverb,

A fool and his money are soon parted.

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