Out and About: FSBO will get what he deserves

View from balcony of a condo owner who “doesn’t have to sell.”

The owner of a one-bedroom condo on a corner of Broadway in the mid 90s was telling me how he had carefully done his research before setting the asking price for his pied-à-terre in a post-war building with a health club and other amenities.

Jeff had looked at comparable prices online, checked sales in his building and decided on $669,000 for the apartment, which has maintenance of $735 and real estate taxes of $375 a month.

“But,” he volunteered, “I don’t know the condition of the other apartments. What do you think?” Continue reading

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