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.
If you bought a home in the last two years with a high interest rate, did you purchase with the intention to refinance later? Tell us how the strategy has worked out so far....
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