My apt has been on the market in NYC for about 4 months (listed right after Labor Day, charming pre-war 1 bdrm, prime location, non-doorman, no dishwasher). In that time we’ve done one price cut, rec’d 6 offers, and one I accepted as me & my broker believed it was above-market). I took an extra day to get the contract out (early November) and in that time the buyer (whose own apt is also listed in NYC) got cold feet & reneged. I haven’t received an attractive offer since. Con’t in comments…

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As long as your broker is doing their diligence to get this thing sold I’d say stick with them. It may be harder to start over from square one with someone. Now… I had a friend asking me how to pull comps/build his own offer as his realtor wasn’t doing this for him. In that case fire and get a new one.

Rates seem to be peaking (fingers crossed) and people are playing the wait and see game. If rates stay high home prices will have to come down. It’s a double edged sword for buyers as they’re playing with fire (prices will of course rise again with lower rates), but also it doesn’t matter how good of a “deal” it is. If you can’t afford the mortgage due to an 8%-9% rate you simply can’t buy.

Idk the market in NYC, but can you rent it out while buyers are playing the wait and see game, or do you need to sell to get into a new place?

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I wish ! Coops in NYC - and mine in particular - are tough about renting. I’m only allowed to rent it out 2/5 years and that time is up.

I love my broker, she’s wonderful and diligent and I don’t want to change her (she’s also compass), and I also don’t want to compromise on price any more than I already have (for a lot of reasons). I know the market is tough. Any suggestions as to what I can do?

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