“Every Seller Wants…”

A Satirical White Paper by Thomas Donovan

As an Investment Sales Broker with nearly 26 years of experience, I’ve witnessed the ebb and flow of markets, neighborhoods, political climates, and financial conditions. One constant remains: most sellers believe their property is worth exponentially more than its current market value.

We’ve all heard the famous catchphrases: “The offer is insulting,” “My neighbor got his price,” and my personal favorite, “I just know it should be worth what I say.” Over the past few years, sales volume has decreased by nearly 40%. Yet, there are many properties for sale. If these properties are truly worth what their owners believe – then sales should be booming!

Sellers are holding out for that one naïve billionaire willing to overpay for their property. The problem is, I haven’t found that one, dumb billionaire willing to buy all the overpriced properties (YET – if that sounds like you, please give me a call!)

However, I believe this market is better than the media often portrays. Well-located, well-priced, and well-managed properties are selling at the proper prices.

The moral of the story? Billionaires don’t amass their wealth by being naïve.

If you are considering selling, I encourage you to plan strategically and price properly.

I would love to discuss your properties and explore how we can navigate this market together.

Best regards,

Thomas Donovan

President, Queens Investment Sales

Meridian Capital Group