Seemed like a good idea at the time
15 Carelton (lower Lake Avenue behind the hospital) is being offered for $2.395 million and is listed with the original selling agent, Lisa Gabriel. If you wonder why the owners aren’t using the broker who sold this to them last year as the market collapsed, here’s a hint:
”CURRENT OWNER BOUGHT 2.8 MIL JULY 2008. REFER TO MLS#69121. NO SHOW UNTIL 9/20/2009. THIS IS NOT A SHORT SALE.”
13 Comments
November 6, 2009 at 4:20 pm
Ah yes, but maybe they saved 1% on commissions!
It is fascinating how many short-term residents we get around here. Its a like a dormitory for millionaires.
November 6, 2009 at 5:19 pm
I had heard that it was built by a realtor. Was it Lisa Gabriel who was the original developer as well as the original listing agent?
Why would you enlist the agent who sold the piece of plywood in the first place?
November 6, 2009 at 5:37 pm
Maybe the buyer only knows two agents, Anon, the one who represented him and let him pay too much for the property and the one who sat back and took his money. Broker number one would obviously be out and perhaps he hopes broker two will be able to do the same thing she did to him to someone else.
November 6, 2009 at 6:55 pm
Cos Cobber at 4:20, I agree with you that it’s odd there are so many short termers. Forgetting the financial aspects, who the hell wants to go through the aggravation of moving in and out of a massive house every 12 or 18 months?
November 6, 2009 at 8:00 pm
how about seller financing?
An eminent default on a seller’s note might encourage both parties to work together again
November 6, 2009 at 8:08 pm
Anonymous’s question makes we wonder how an out of town buyer with minimal familiarity with Greenwich or any other town should pick a broker. If Buyer is looking at X town, does not know anyone who lives there, yet wants to look at houses and learn the neighborhoods, where should they start? What tips can you offer for finding a great buyer’s broker?
November 6, 2009 at 8:53 pm
Depends what stage the foreclosure’s in, CC. If early, maybe. Generally, once a lender sours on a borrower, it wants nothing to do with him. But if a credit worthy buyer appears and the banks is offered the opportunity to exchange a non-performing loan for a good one, it can be done. Owner financing requires some equity left in the house and these days, a house bought after 2001 with a 80/20 mortgage doesn’t have any.
November 6, 2009 at 8:54 pm
Well gee, Buyer, I guess I’d look for a sarcastic blogger who maintained a daily blog about real estate (and other things) related to the town you’re interested in. I’ll think about that and get back to you with a recommendation.
November 6, 2009 at 9:56 pm
Ah, Mr Fountain, that’s the rub. I know who to call and when I start looking at houses in Greenwich next month. But what if I dare to consider joining the unworthy masses in Westchester — maybe those schlubs in Rye or Bronxville — then I’m in trouble. Don’t know of any realtors in other towns with the moxy to write a blog like this.
November 7, 2009 at 6:30 am
Buyer:
You rent for a year then you buy…advice given to me many years ago from a realtor.
November 7, 2009 at 10:55 am
Buyer, I live in Westchester and can recommend an excellent buyer’s agent – I’ve bought two houses with him.
http://www.buywestchesterhomes.com/
Ask for Richard Marsico. First rate agent and terrific guy.
November 7, 2009 at 11:34 am
It occurs to me that my sharing the same first name as the real estate agent I just recommended might make people wonder if I am in fact that agent shameless shilling for myself. This is not the case.
I have been commenting here long enough that Chris can assure you that I’m not clever enough to be a real estate agent. If you decide to talk to Richard, you can tell him he was recommended by Richard French, and that we still love the house he helped us buy in 2003.
November 9, 2009 at 12:20 am
I can vouch for Richard. I’ve read his postings.
Not bright enough to advise anyone on anything. Let alone real estate.
Comments are closed.