If at first you don't succeed, raise the price

That seems to be the thinking of the bank and the beleaguered owner of 80 Doubling Road, anyway, which today bumped its price from $3.650 to $4.1 million. It has been on the market 1,408 days, beginning in 2018 at $4.495 and dropping as low as $3.5, and there have been three contracts reported in that span. It’s a short sale, so I’d attribute the delay, the failed contracts, and the erratic pricing to the bank, and not the owner.

Back in the last recession, I hated short sales. I did them because that’s what was available, but dealing with clueless, low-level bank employees who were often and without warning replaced by a different equally-clueless individual mid-stream, thereby requiring the entire negotiating process to be restarted, was exasperating and incredibly frustrating.

Good luck to this owner.