Loading...

Bidding Wars- Part 3: How to win a bidding war in Toronto's hot market - Thinking outside of the box

Tuesday Aug 30th, 2016

Share

  When entering Toronto’s bidding war frenzy, being prepared is key! Starting with the basics: Having your finances organized – being equipped with all of the paper work in hand and ready for action will make for a more desired offer. Cash offers are more than favourable, and this could easily get you the house of your dreams. Know your numbers – be prepared to have a sliding scale to show how much you are willing to go over the asking price. According... [read more]

Bidding Wars - Part 1: What’s it all about?

Wednesday Aug 03rd, 2016

Share

What is a Bidding War? If you haven’t heard, there are wars happening all over Ontario and this isn’t the gun and bomb type, although some have gotten pretty nasty! These wars are happening in the real estate world and are known as ‘bidding wars’. So what is a bidding war?   A 'bidding war' is the result of two or more potential home buyers increasing their offers above the original price leaving the seller to choose between multiple offers.... [read more]

Bidding Wars – Part 2: Toronto’s hot market

Wednesday Aug 03rd, 2016

Share

Bidding wars are exploding throughout Toronto’s housing and condo markets. So, what is really happening? According to the Toronto Real Estate Board, “The numbers speak for themselves. The price to buy a detached home in Canada’s largest city soared 18 per cent to $1.12 million in May from the year before”. The Globe and Mail recounts the story of Ms. Davis who received 11 offers on her single-family house located on 96 Major St. just steps from University of Toronto.... [read more]

Load More