All Posts Tagged With: "overpriced property"
5-09 48th Avenue, LIC: 5th St Lofts aka 5SL Condo by Toll Brothers
(post by Dee) Among the largest and most recognizable new condo developments in Queens’ Long Island City is 5SL, or 5th Street Lofts. Here are some facts and professional opinions about this Toll Brothers development.
The development consists of two buildings: 5-09 48th Avenue (main entrance / larger building), with 118 units, and [...]
Cap Rates: Is Commercial Real Estate Also Falling?
(post by Dee) I recently read a blog post titled Slow Motion Crash that predicts commercial real estate is headed in the same direction as residential - down. He compares the life cycle of the housing market bubble to that of commercial properties, and points to higher vacancies and longer time it takes nowadays to [...]
20Jun2008 | | 2 comments | ContinuedHard Money (Loan), Soft Brain (Lender)
(post by BT) Today’s call is from a hard money lender. Definition: hard money is a high-interest, short-term loan for an investment. Caller’s name: Moron! He foreclosed on someone and now has this property, a 6-family building he wants to sell FAST. He does not give exclusive listing, the usual “Just bring a buyer and [...]
30Apr2008 | | 0 comments | Continued
Overpriced Property = Antidotum to Selling Real Estate
(post by BT) Ugh, AGENTS, STOP MISLEADING YOUR CLIENTS ON PRICING! I’ve had enough of this crap! This guy has a 2-family house worth about $650,000. His previous agent listed it at a whopping $925K!!! Two weeks later reduced it to $875. Naturally, the listing expired, never sold. That’s why I called him… I asked [...]
22Apr2008 | | 0 comments | Continued
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