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Four Tips to Manage Bidding Wars by Prospective Renters

Utilize these strategies next time a unit ends up with multiple offers!

When Erin Wheelock recently listed a two-bedroom, three-bath condominium in New York City’s Flatiron District, she knew it would be snapped up quickly. What she didn’t expect, however, was that she’d receive six bids the first weekend after the unit hit the market—and that it would end up renting for $13,300, nearly 11 percent over the asking rent of $12,000 per month. The winning bidder also agreed to pay her brokerage commission.

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Real Estate
02
$10-billion One Beverly Hills project gets off the ground

$10-billion One Beverly Hills project gets off the ground...

$10-billion One Beverly Hills project gets off the ground
Iconic Stahl House, a Midcentury Modern stunner, up for sale

The Stahl House is selling for $25 million. The current owners say its tour program will continue for now....

Iconic Stahl House, a Midcentury Modern stunner, up for sale
The first home has been rebuilt in the wake of the Palisades Fire

The first home to be rebuilt in the wake of the Palisades fire — a two-story home on Kagawa Street — received a certificate of occupancy on Friday....

The first home has been rebuilt in the wake of the Palisades Fire
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