Confessions of a First Time Buyer…….

I’m not quite sure where to begin, we’ve all had them.  It’s their first time, like a baby coming out of the womb, crying and fussing and maybe even a little scared.  For the purposes of this blog I will refer to the Buyer as Sally and at the end of this story I will disclose as she has given her permission for me to do so.  Please feel free to ask questions at any point during this story.

This started back in 2007, that’s right 2007, when the property was first discovered.  It was a brand new development at the time that was not without problems, but Sally just couldn’t get this property out of her mind.  It was everything she ever wanted in an apt., square footage, a second bedroom and bath, fireplace, washer/dryer, storage and very close to transportation.  As a matter of fact her same subway line just adding three more stops.  Slam dunk right? Wrong.

Now the process begins.  Since there were issues with the developer Sally now thinks there should be some serious negotiating room and we put her first offer in on January 1, 2008 – at the time the development was with another firm.  I put an offer in with the brokers, listing and discussing the reasons for what would be considered a low ball offer. 

Reply from broker to be continued……………