You may read this question and say to yourself, “Isn’t that obvious? It’s because greedy sellers and their unscrupulous Realtors want to mislead innocent buyers into thinking they can actually buy the home for the low list price so they’ll make offers and bid the price way up.” Well, I’m here to tell you it’s […]
Let’s say you want to buy a new home in central Toronto. And let’s make two fairly safe assumptions: 1. You know bidding wars occur fairly regularly; and 2. You won’t want to buy every home you see. There are endless reasons as to why you may not want to buy a particular home. It […]
If you’re buying a home in a hot real estate market like the one we have in central Toronto right now, you should be prepared for multiple offers. Because there are more buyers than sellers, it’s not uncommon to find yourself up against other buyers when you find a home that you like, especially if […]
Margaret and Pierre had been looking for a new home for a while when they finally found one they liked (names, prices and other details have been changed to protect everybody’s privacy). It wasn’t perfect, but it had some very nice features. It was nicer than most similar homes, but at $995,000, its price reflected […]
You never know what to expect when you put your home on the market and designate a date for offers because anything can happen. My clients put their home on the market on Wednesday and sold it on Monday, which was the offer date. You might appreciate this behind the scenes rundown of how things played out so […]
At some point during every hot spring real estate market in central Toronto, the tide turns a little. There are still crazy bidding wars, but fewer homes receive multiple offers and some homes take a little longer to sell. Whether this is a result of buyers getting tired of bidding, sellers getting greedy and setting […]
Last night my clients offered on a nicely renovated house in Allenby. They loved it, but so did 21 other potential buyers. That’s right. There were 22 offers! Fortunately, the sellers chose my clients’ offer over all the others and they got the home of their dreams. While luck always plays a part in these […]
