The Real Deal New York

Brokers confront too-low offers

By Leigh Kamping-Carder | April 03, 2012 05:30PM

From the April issue: With the spring selling season kicking into high gear, brokers are up against an unwelcome obstacle: uninformed buyers who insist on submitting lowball offers.

Last month, brokers said they struggled to educate buyers accustomed to controlling the market — some of whom made bargain bids on reasonably priced properties — that the spring season is a different beast. New apartment hunters are in the mix, and inventory is still down in most parts of Manhattan. [more]

  • KaKaw

    brokers educating buyers is complete bull. If a hoard of buyers are submitting lowball offers, then maybe thats what the property is worth. Isnt it brokers who say, the market aka hoard predicts the price? Throw it back in their faces like they throw it in yours.