Price Reductions: Wind-up For a Lowball Pitch
Buyers: I understand you want a deal. It’s a down market and you’re slobbering to take advantage of that. But enough with the crazy lowballing. This is Boston.
Dense population and tightly packed services, an established well-to-do population, and still-lucrative technology and finance sectors driving the economy mean the only thing moving for under 100k is parking spaces.
Now that doesn’t mean you can’t slide a low offer past sellers now and then. It’s an art, really, like a Wakefield knuckleball, and it can be just as tricky to throw.
The first step is finding a good target—and price reductions are a good place to start. Start by zoning in on a couple of these listings, and I’ll elaborate more on delivery tomorrow.
234 Beacon St #5A
Back Bay, MA 02116
Beds:1 /Baths: 1
SQ.FT.: 674
Original Asking Price: $522,000
Today’s Asking Price: $509,000
1 Charles St S #3E
Boston, MA 02116
Beds: 1 /Baths: 1.5
SQ.FT.: 1,150
Original Asking Price: $925,000
Today’s Asking Price: $895,000
9 Joy St #3
Beacon Hill, MA 02114
Beds:2 /Baths: 1
SQ.FT.: 1,250
Original Asking Price: $869,000
Today’s Asking Price: $830,000
Is Flipping Making a Comeback?
