Buyers should let recent timing and price ranges shape the offer, not emotion.
If you are deciding how aggressive to be with an offer in Forest Hills, NY, I would not start with the seller's asking number alone. I would start with the listing's timeline, the current price range, and whether the property truly stands apart from the alternatives.
The newest multifamily listings in Forest Hills, NY ranged from $960,000 to $1,698,000 over the last 3 months, and their days on market were 44, 70, and 82. Pending listings showed a typical 143-day timeline, which suggests at least some sellers have had to wait for a commitment. That gives buyers room to be more precise. Not every property will justify the same offer posture, and I would not approach a 44-day listing the same way I would approach one that has been exposed longer. The market is giving signals. The job is to read them before you write. Set your walk-away number before negotiations begin. Ask how the property compares to the current active range. Shape the offer around the listing's actual leverage, not around nerves.
About Allstar Team
Allstar Team is a licensed Real Estate Professional affiliated with RE/MAX City Square, specializing in the Forest Hills market. With a focus on strategic marketing and deep local knowledge, Allstar Team provides clients with expert guidance in navigating complex real estate transactions. View full profile →
