5 Things to remember in GTA bidding wars - By Mark Weisleder - Real Estate Lawyer, Author & Speaker
It is becoming harder to avoid a bidding war in today’s real estate market. For buyers, be prepared and for sellers, try and ensure that the bidding war process is done in good faith. Here are 5 lessons to remember, whether you are buying or selling, to increase your chances of success:
1. What should I do when the seller is “holding back” offers for 3 days? Answer: Sellers should consider making a pre-inspection report available to buyers. This will likely result in an increase in “clean” offers, without conditions. However, buyers should still consider their own pre-bid home inspection. This way you can protect against finding unwanted surprises after closing.
2. Is it ok to present a bully or pre-emptive offer? Answer: There is no harm in offering to bring a bully offer. The seller does not have ....for full article please press here