Frustated with Bidding wars

Here a great article explaining the new procedures in place for real estate agent claiming to have multiple offer on a property.

In July, the provincial government is introducing new rules requiring selling agents to keep records on successful bids for six years and retain the details of unsuccessful bids on file for a year. It will also be illegal for agents to claim they have other bidders unless they’ve received formal offers in writing.

Dyan Cheung

Dyan Cheung

CENTURY 21 Percy Fulton Ltd., Brokerage*
Contact Me

Blog Archives