I’ve talked about Bully Offers before (Be True to Your Word. Say No to Bully Offers.), but apparently they really rankle me because I keep wanting to talk about them. Quick refresher: Bully offers are also sometimes referred to as pre-emptive offers or early offers. They work like this: A new home comes on the […]
Tag Archives: Multiple Offers
Now THAT’S Ridiculous! – Follow Up
What happened to the home that was listed way below its fair market value? How many offers were there? What did it sell for? How accurate were my predictions? Was it a good strategy or the wrong thing to do? It’s all in this video.
Now THAT’S Ridiculous! And Just Plain Wrong.
I’ve said it before and I’ll say it again – there’s nothing more important than setting the correct list price when you’re selling. Watch this short video to make sure you don’t make this costly mistake.
You See It, You Like It, You Buy It – Part 1
Have I told you about the time that another buyer appeared out of nowhere at 11:30 pm to scoop my client? It was about 1993 and multiple offers were non-existent because it was a buyers’ market, if you can believe it. My client had been looking for a bungalow for several months. We finally found […]
It Finally Closed! A Real Life Case Study.
It finally closed!! The deal I thought might never close. The deal that took as much of my time as 10 other deals. The deal that should be in the real estate training manual for all the things that can be learned from it. But I’m getting ahead of myself. Let’s start at the beginning. […]
Be True to Your Word. Say No to Bully Offers.
It’s time to talk about Bully Offers because they seem to be rearing their ugly heads more frequently lately. (Two agents have called me in the past three days saying their buyers want to make Bully Offers.) That’s to be expected in this type of real estate market because when buyers get frustrated by not […]
Kudos to My Client!
The media’s focus on bad news often results in good news and good people going unnoticed. This is true in real estate, as well. One of the things I enjoy most about being an agent is learning about people because buying or selling a home often reveals a person’s true personality. My client (let’s call her Sam) […]
5 Tips for Buying In a Hot Market
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 […]
Is That Price Right?
True or false: If you receive 6 offers for your home and sell it for well above list price, you made out like a bandit and should be jumping for joy. You’re probably thinking “That’s so obvious! What do you take me for?” Well, sorry to tell you this, but “true” isn’t necessarily the right answer. […]
It’s Not Over ‘Til It’s Over
If we’ve ever had the opportunity to work together, you’ll probably remember me saying at some point “Don’t count on anything until it actually happens.” Solid advice, if I do say so myself, especially when it comes to real estate. That’s because fact is often stranger than fiction in the world of real estate. Even […]
Act Boldly!
I was watching an old episode of the Sopranos the other day (proving once again that the inspiration for a blog post can come from anywhere). Tony and Carmela were having trouble deciding whether or not to buy a beach house, when Carmela said to Tony “More is lost by indecision than wrong decision”. Naturally, this reminded me […]