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"A well-kept home is going to go at asking price and sometimes above with multiple bids because Trumbull has so much to offer at a reasonable price.
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Still, a preapproval is more important now, with so many more homes receiving multiple bids, and because the housing market in many parts of the New York region has been getting stronger.
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"Even our high-end buyers in the $900,000 range keep losing homes because houses are getting multiple bids by buyers willing to pay $50,000 to $75,000 over asking to live here in magnificent Tudors and large, old colonials".
When a property draws multiple bids these days, agents say, it's usually because it's in fantastic condition and priced for the current market.
FOR the first time, the median price for a single-family house in Westchester has exceeded $400,000, primarily because of a highly competitive market, multiple bids and a greater number of sales of high-priced properties.
Though the apartment had received multiple bids, she said, the owner had decided he wasn't ready to move — partly because he'd had trouble finding a larger apartment for himself.
There were five multiple bids last month.
lot; taxes $3,874; listed at $249,900 (multiple bids) Broker: Weichert.
"It sold in the $700,000s after multiple bids.
lot; taxes $4,176; listed at $1.3 million (multiple bids).
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