Topic: Competitive Situation, Crazy Bidding Wars
Competitive Situation, Crazy Bidding Wars
We have been looking for a good 2 bedrooms or large 1 bed room in Brooklyn since DEC. 2012. We found that the market has been very competitive this past weeks and so far we placed 2 bids but both of the bids have been a crazy bidding war and we have lost them.
We learned that right now chances are you have to place over asking price to be competitive, but also we are bumping into appraisal issues.I am curious if other prospects are experiencing the simillar situation? Thanks!