One of the important things that a good agent does is help educate buyers and sellers.

As a smart buyer, you are looking at comparables. The agent who takes an overpriced listing does a disservice to buyers, sellers and themself.

You have a good handle on what is going on. You just have to get an agent who is reliable that you can trust to help you negotiate the unit you want.

Good luck.

All the best!

Kevin O'Shea
Licensed Real Estate Broker
914.262.1931

I agree with both agents. As an agent the first thing I look at is sold comps in determining a reasonable price. Location, size and upgrades are extremely important and can add some additional value, but in today's market, the true determining factor is what the last unit sold at. A seller can absolutely put any pricetag on their property, but if an appraiser can't appraise the property for that price and/or there aren't any buyers making offers at that price, you would hope reality will eventually set in for seller. A scenario where the seller might get the asking price is if you have all three conditions above - location, size and upgrades and the buyer is an all cash buyer. Feel free to call me if you would like more personal advice tailored to your needs.

Barbara O'Connell
Licensed Real Estate Sales Person
Margot Bennett, Inc.
914-548-1628

You are 100% right, this unit is overpriced. At $351 per sq. ft, it is the highest priced unit in the complex, the average sold is $265 per sq ft. The condition of the unit is worth something, but not what they are asking. All this means is that this unit will sit until the price gets more realistic. If you have an interest in this complex and would like to see anything I would be happy to give you a tour. Feel free to contact me.

Lisa K Dollinger
Licensed Real Estate Sales Person
Weichert Realtors
lkdollinger@weichert.com
914-907-1570

Hi, A seller can ask whatever they want for a property at times disregarding the sold comps. That doesn't mean that it will sell for the higher price. The three main factors to consider when pricing are location, condition, and size. Some sellers renovate or upgrade and try to recoup, there are various scenarios. As a buyers agent I like to attach a CMA to an offer so the listing agent and seller understand our reasoning.

Sincerely,

Christopher Pagli
Licensed Associate Broker
Accredited Buyer Representative
Legends Realty Group
914.406.9023