Right now we are in a seller’s market in NYC. However, even in a seller’s market, there are some properties that are hotter than others. In speaking with each other daily Sharon and I have been discussing strategies on how we approach these hot...
Right now we are in a seller’s market in NYC. However, even in a seller’s market, there are some properties that are hotter than others. In speaking with each other daily Sharon and I have been discussing strategies on how we approach these hot properties with our buyers so today we are discussing what to do when bidding on a hot property and how you can become the one who wins.
Chances are if you like property so do a boatload of other buyers. If an agent is properly plugged into the market, we as agents can anticipate a hot property right when it hits the market. We also have resources to confirm that so if it fits what you are looking for, we can quickly Engel the buyer before an offer is accepted. It does not always work, but you have a better chance of seeing the property and hopefully bidding if your agent (and you) can maneuver quickly. It is not a comfortable process but sometimes you have to experience a little discomfort to get what you want.
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