In a Seller’s Market Every Minute Counts

By MICHELLE HIGGINS

The rules of engagement for buying an apartment in the city have changed. Negotiation, brokers say, is no longer part of the equation. Forget about taking time to mull over your decision. Serious buyers need to be prepared to pounce. And while lots of cash has always helped, it’s now more important than ever, as sellers select the best offers with the least amount of hassle involved.

Not that sellers can name just any price. Brokers caution that even in this market of extremely tight inventory, listings priced too high tend to linger, and low prices intended to bring the biggest crowds through the door could result in lowball offers. There is an art to choosing the right price.

Read more: http://www.nytimes.com/2013/06/02/realestate/new-york-city-is-a-sellers-market-so-every-minute-counts.html?adxnnl=1&pagewanted=all&adxnnlx=1370530070-g05G+lc9X83OPEii7ymwkw