5 Things to remember in GTA bidding wars

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

Samar Manuel

Samar Manuel

Sales Representative
CENTURY 21 Infinity Realty Inc., Brokerage*
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