Multiple Bids (in a slow market, go figure)

37 Tower Road, Riverside, original ask: $7.995M, eventual sell: $6.3M.
Co-List: Stacy Daccache, Cynthia DeRiemer
Sell: (Rye, NY broker)  Go to photos and check out the spectacular view.

Well, it’s happened again! As surely as night follows day (or is it the other way around), a house has come on the market with a, er, optimistic asking price, then got reduced and reduced and reduced again, and what happens? bidding war!

Of course, you never, ever get it back to that original asking price, but this example proves once again that, after multiple price reductions, most Greenwich properties start to resemble a bargain. If a seller has reduced multiple times, and you, you clever devil, have gotten them to agree to a price still lower, act fast, because someone invariably will notice what you noticed.

That’s what happend here.  A deal had apparently been struck, possibly around $6M? but suddenly, other buyers appeared, and drove the price up to $6.3M!

Tune in to my show, Wednesday mornings, 11:00-12:00 noon to hear more about this. On the radio 1490 AM or the web, www.WGCH.com

Fountain, right. Wilcox left

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2 thoughts on “Multiple Bids (in a slow market, go figure)

  1. Love the radio show Gideon and happy I caught the 11th – very interesting discussion. Not sure how WGCH works, but it would be awesome if you could somehow have your shows for replay somewhere, somehow. The time slot is tough to make each week. Thanks!

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