Heddings defends his blog post criticizing Hamptons market 

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
The $18 million mansion (Sotheby's International Realty)
Original Devon Colony mansion lists for the first time, asking $18M
Original Devon Colony mansion lists for the first time, asking $18M
George Filopoulos, Lloyd Goldman and Gurney’s Montauk hotel  (Gurney's, Getty)
Metrovest, Lloyd Goldman secure $218M refi on Montauk resort
Metrovest, Lloyd Goldman secure $218M refi on Montauk resort
(Bespoke Real Estate)
Hamptons mansion featured on “Succession” trades for $45M
Hamptons mansion featured on “Succession” trades for $45M
Battle royale over East Hampton Airport rages on
Battle royale over East Hampton Airport rages on
Battle royale over East Hampton Airport rages on
Southampton moves to curb emissions after declaring climate emergency
Southampton moves to curb emissions after declaring climate emergency
Southampton moves to curb emissions after declaring climate emergency
12 Koala Ln, East Hampton, NY and Peloton CEO John Foley (Zillow, LinkedIn)
Peloton CEO John Foley lists East Hampton home for $4.5M
Peloton CEO John Foley lists East Hampton home for $4.5M
Nest Seekers International's JB Andreassi and Michael Fulfree with Peggy Zabakolas of Million Dollar Beach House (Nest Seekers International)
“We weren’t canceled”: Nixed by Netflix, Nest Seekers settles for Discovery+
“We weren’t canceled”: Nixed by Netflix, Nest Seekers settles for Discovery+
Bridgeton Holdings lists its 2 East Hampton hotels
Bridgeton Holdings lists its 2 East Hampton hotels
Bridgeton Holdings lists its 2 East Hampton hotels
arrow_forward_ios

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

Loading...