Town house draws two offers
Saturday, December 3, 2011
The listing: Two-bedroom town house
Listed by: Ruth Miron-Schleider of Miron Properties in Tenafly
On the market: Five months
Asking price: $434,000
The game plan: Miron-Schleider listed the house on the multiple-listing service and advertised it on the Internet.
Selling town houses and condos can be a challenge in a tough economy because these properties tend to depreciate more than single-family homes in soft markets, Miron-Schleider said. "People are concerned that if they need to resell, they might take a loss," she said.
This town house was in "pristine" condition, with updated kitchen and baths, said Miron-Schleider. And the location, near transportation, also helped.
A former client of Miron-Schleider spotted it on the Internet and called her. Another potential buyer also made an offer.
The result: Miron-Schleider's client won the bidding war, and the home sold for $395,000.
— Kathleen Lynn