Heddings defends his blog post criticizing Hamptons market 

TRD New York /
Oct.October 04, 2011 06:47 PM

Douglas Heddings, president of Heddings Property Group, has defended a blog post he wrote late last month that called for overhauling the Hamptons market in an interview with Curbed. He wrote the post following his firm’s entrance into the Hamptons market earlier this year. In the blog post, titled “Hamptons Market Philosophy is Bass Ackwards,” he pointed to several problems he had identified in the market related to the collection of listings and accurate pricing. In his discussion with Curbed, Heddings said he was disappointed with the lack of constructive reaction to his post.

Overall, he said, many agents in the Hamptons suffer from a “lack of cooperation and cattiness.” As for the sellers, “they frequently don’t trust anyone and therefore often believe that they are the most qualified to price their property.” Heddings said his company had a different approach by sharing its listings globally with any licensed real estate broker. In response to clients who insist on selling property for too high a price, Heddings said his company either didn’t take on such clients, or would come to an agreement in writing to only price it that high for a limited amount of time. [Curbed]


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
A new report finds that Hamptons prices skyrocketed as demand outpaced supply this year (iStock)

Report details Hamptons rental boom

Report details Hamptons rental boom
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman mulls listing Hamptons estate for $180M

Ron Perelman mulls listing Hamptons estate for $180M
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
32 Windmill Lane and Andrew Saunders (Realtor)

Hefty prices, robust sales: Hamptons market thrives in Q2

Hefty prices, robust sales: Hamptons market thrives in Q2
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Corcoran's Pam Liebman and Bespoke's Cody and Zachary Vichinsky. Inset (clockwise from left) Zibby Schwarzman, Vera Wang, Barry Weiss, Mohammed Grimeh, and Ian Snow (Getty, Abana, Wikipedia Commons; Liebman by Sasha Maslov)

Corcoran exposes Bespoke’s little black book in Hamptons legal battle

Corcoran exposes Bespoke’s little black book in Hamptons legal battle
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...