Carriage house: a real estate thread

anonymous · January 2007

I own a double carriage house on South Portland and Fulton that I'm thinking of putting on the market. what would be the an appropriate difference in price with a tenant vs without a tenant. and what would be a fair sellers concession to help the new owners get the tenant out. Also does anyone know what the prices for a carriage house in FT. Greene is nowadays? Thanks.

anonymous · January 2007

Subject: reply re: townhouse

it really depends on the condition of the house, 1 or 2 family, etc. a lot of perspective buyers would like to have a tenant especially if they are in good standing. i.e., to help with the mortgage. i'm an agent in ft greene, email me privately if you'd like. i can give you some more info and would love to assist you in your sale. [email protected]

anonymous · January 2007

Subject: Carriage House

I am a resident currently living on Washington Park that would love to purchase a carriage house in the neighborhood. Please leave a message at 718.390.3594 and maybe we can strike a deal without broker feeâ€™s being involved.

anonymous · January 2007

why is everyone so worried about the dreaded broker fee? i'm not a broker but i can tell you sometimes it's worth not having all the hassle of doing everything yourself. they screen and make sure you even have the money. just my opinion.

boygabriel · January 2007

gotta love financial advice from 'guests'

anonymous · January 2007

I know a great broker. Mr. Shahid. His number is 347-386-2288.

anonymous · February 2007

Subject: carriage house

epatric,

I too would be interested in purchasing your carriage house. please contact me if you are going to sell it. Thanks.
[email protected]

anonymous · February 2007

Guestforyou wrote: why is everyone so worried about the dreaded broker fee? i'm not a broker but i can tell you sometimes it's worth not having all the hassle of doing everything yourself. they screen and make sure you even have the money. just my opinion.

Either you are a broker or just retarded. 6% on a million dollar place is 60K in case you can't do the math. That is not chump change. Any rational person would be worried about paying anyone that kind of money....especially a broker who might not do that much work for you.

I think all brokers should be paid a flat fee by the seller. Probably 5 to 10 grand. That is all they should get.

anonymous · February 2007

I've been looking to purchase a carriage house in that area. Send me an email if you're still interested in selling. It's much better dealing directly and not bothing with brokers. I bought my current place with no brokers involved and it worked very well.
Tim
[email protected]

anonymous · February 2007

Subject: carriage house

Hi.
We are looking for a bigger space (little boy on the way) and a carriage house sounds charming.
Does it come with a garden? Would it need a lot of renovation?
This is not an answer to your question. But I am interested.
Could you email me?
[email protected]
Thank you.

Francesco

anonymous · February 2007

Subject: Data is your best friend

My skillset makes me truly unique in the brokerage community. This is my story: a carpenter who became a movie set builder, a building owner and landlord, an investor and now a broker.I bring to clients and customers personal experience of buying, renovating and managing five townhouse properties in Brooklyn as well as General Contracting numerous projects both in Brooklyn. I have the data and I live in the neighborhood. I would be happy to meet with you regarding your proprety. [email protected]

notratner · February 2007

Either you are a broker or just retarded.

And you're an asshole for using that word.

bedstuyrealestateguy · March 2007

Subject: Carriage House in Ft. Greene

Hey Epatric,

Having a tenant in the home if you are planning on selling can go either way. Prospective buyers may derive comfort in knowing that there is one less thing they have to worry about. The house comes with a source of stable supplemental income to help with the mortgage, so a buyer will not have to go out and look for a tenant themselves. It can work against you if the rent the tenant is paying is below market value or not adequate in relation to the selling price. Some landlords will "buy the tenant out of the lease" in order to not have this be an issue when pricing the home, particularly if 1. the cost of doing so is less than what you may be able to get for a home delivered vacant and 2. the lease term has some way to go before terminating.

With regard to pricing, as someone else has said, it depends on the condition of the home, though location will work to your advantage. There were fewer homes on the market in Ft. Green during the past couple years than in most other neighborhoods in Brooklyn. Short supply and high demand definitely will help you secure a good price even if the market continues with it's current trending.

Good luck with the sale of your home if that's what you decide to do.

David

bedstuyrealestateguy · March 2007

Yohoho wrote: [quote=Guestforyou]why is everyone so worried about the dreaded broker fee? i'm not a broker but i can tell you sometimes it's worth not having all the hassle of doing everything yourself. they screen and make sure you even have the money. just my opinion.

Either you are a broker or just retarded. 6% on a million dollar place is 60K in case you can't do the math. That is not chump change. Any rational person would be worried about paying anyone that kind of money....especially a broker who might not do that much work for you.

I think all brokers should be paid a flat fee by the seller. Probably 5 to 10 grand. That is all they should get.

I'm going to try to be diplomatic in responding to what clearly is short-sightedness to say the least. You must not be a homeowner. Is it retarded if using a broker gets you at least 6% more for the home than if you would have tried to sell it yourself?

If a broker can help ensure your home sells for a higher price in less time than if you did it on your own, how should someone be compensated for that? There's a reason 9 out of 10 people who start of as "For Sale by Owner" end up going to a realtor. When I hear people say "brokers don't deserve their commissions" I wonder if people are aware of the full scope of what a broker does from the time the home is on the market until the time it sells and how many deal fall apart even with the best efforts of brokers. I can't imaging people trying to navigate the complexities of selling their homes in nyc without such assistance. It's like the old Honeymooner's re-runs where Ralph tries to save a buck by doing the plumbing himself...often ends up being costlier.

I think if more people were aware of the amount of time brokers/agents put into their work week for what amounts to an average salary of $23K for 80% of the agents out there, there might be a bit more compassion for the profession. You try working in a "commission only" position while living in nyc and tell me what the experience is like and what due compensation should be.

Sorry, now I'm ranting...don't mean to, but just trying to help some people develop some perspective into what it means to be a realtor/broker/agent.

David

Carriage house: a real estate thread

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