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Those real-time notifications definitely make a difference.

When I was searching for apartments in the NYCish area, I asked Zillow to ping my phone when a good listing came in.

One day, I got a ping during class and called the broker as fast as I could. "Yeah," he said, "I posted that listing 20 minutes ago but you're like the 6th caller. You almost certainly won't get it, sorry."



The concept of selling to the highest bidder isn't popular in NYC?


Well as the landlord, would you rather spend 2 months going over the appartment with 12 people or just take the first offer at 10% over list price?

Especially if you could go through 12 people and end up with nothing (since that gives time for people to find alternatives)


> Well as the landlord, would you rather spend 2 months going over the appartment with 12 people or just take the first offer at 10% over list price?

Neither? We schedule an open house for the next weekend, people make their offers that day, then we accept one the following day.


Shows what I know about selling houses. Definitely sounds like a better solution


I would have thought that selling vs renting are two different situations. Different enought to warrant a different approach for each of them.


Depends on the type of rental, I guess. If you're looking for long-term rentals (years), the process is probably much similar than if you're looking for seasonal or shorter-term rentals.


Maybe it was rent controlled.




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