Time kills deals!

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Staff member
Agree or disagree? You only get one shot at pricing right. Those first 2-4 weeks are critical if we think of the buyer pool as constantly expanding and contracting. If you get little to no activity in the first month, is it fair to say the market has dictated your price is wrong?

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inonada

Well-known member
Maybe it just means that overpricing sellers need time to face reality? Not saying that your hypothesis of time killing deals is wrong, but that this might be pointing to another effect.
 

Noah Rosenblatt

Talking Manhattan on UrbanDigs.com
Staff member
Maybe it just means that overpricing sellers need time to face reality? Not saying that your hypothesis of time killing deals is wrong, but that this might be pointing to another effect.
yeah headline not the best. Should be "Time not a friend of sellers" or similar. Time kills deals is better said for the due diligence process when offer is accepted.

Main point -- time creates an environment where listing discount rises as time goes on
 

David Goldsmith

All Powerful Moderator
Staff member
I think you could make the argument it shows prices aren't rising. It also shows that even sells who are priced "at market" and get offers right away are expecting to have to negotiate bit as opposed to thinking the will get full asking price for everything.
 

David Goldsmith

All Powerful Moderator
Staff member
Also explained by shift in what the median sale represents in terms of size/quality especially as super luxury new dev shift into what you count as resale.
 
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