A DNAinfo piece on Wednesday delved into the insane degree to which New York real estate buyers are now overbidding each other.
Of particular local interest was this anecdote from south of the Prospect-Lefferts Gardens:
Katya Rybka, of Miron Properties, working with a client desperate to find a two-bedroom in Brooklyn near Prospect Park, recently bid above $650,000 on a $559,000 800-square-foot condo with private parking space in Prospect-Lefferts Gardens.
He still lost out.
"Our offer and what we were willing to pay was quite competitive," she said. "The market is completely insane."
Experts said the key to overbidding is to do it with a demand for a quick response from the seller. That, and having an extra $90,000 on hand if you want to close a deal at this time of year.
