Multiple Offer – What do I do?
Tags: BUYING, DAN BALM, MULTIPLE OFFERS, REAL ESTATE, TORONTO
Last night I was talking to a friend helping her clients with an “offer holdback” in East York (refer to my blog last week about the types of multiple offers). It was her clients’ first offer and they were understandably shell-shocked with the process. This is what our conversation looked like: We are in a seller’s market and its a r...Read More
What is a multiple offer?
Tags: BUYING, DAN BALM, MULTIPLE OFFERS, REAL ESTATE, TORONTO
So you are at work and you walk into a conversation your coworkers are having about a Toronto “bidding war” (otherwise known as a “multiple offer”: one property, more than one buyer). So many questions – is it an auction? Are there rules? Can you just ask the seller what they want and give it to them? Is it worth it? Should we buy in Waterloo?...Read More