Tuesday, December 19, 2006

"Sellers employ incentives to avoid cutting prices"

"There was a time not so long ago when houses in Montclair would get five, 10, as many as 20 offers at prices $100,000, $200,000, even $400,000 above what the seller was asking.

McMansions in Middlesex County and high-rises in Hoboken couldn't be built fast enough, fetch ing multiple offers before the shovel hit the ground. Houses sold not just before the "for sale" signs went up, but even before buyers walked through the door; offers were made based on the pictures buyers saw on the Internet."

Full article...


Anonymous piere l said...

we ae all looking forward to another great spring season,perhaps days like that are just aroung the corner

Wednesday, December 20, 2006 7:08:00 PM  
Anonymous Anonymous said...

How long can any incentive OTHER than a price reduction work?

Pierre, check your car's exhaust system: I think it's emptying into the passenger compartment.

Thursday, December 21, 2006 9:34:00 AM  

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