Who do you know that might want to purchase a home, but is reluctant to get into a multiple offer situation, commonly known as, the dreaded, “bidding war”. Did you know that we often represent a Seller client that wants to sell their home but not quite yet.  However, they instruct us, that if we happen to hear of someone that may be interested in their house and they are willing to pay a fair price, they would sell now, without going on MLS. The bonus to the Buyer, they... [read more]

Deciding what price tag to put on your home is never easy.  Price is often the determining factor for potential buyers. Location, layout and amenities are important but in the end most of us have to look at the bottom line.  Many sellers like to think they can start with the price they originally paid, add a healthy mark-up and wait for the offers to roll in. A lot of those sellers will have to adjust their price once their home is on the market. Try to put aside your... [read more]

Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars. The government launched a consultation Thursday looking at the Real Estate and Business Brokers Act, and that’s one rule they’re looking at changing. Currently, if there are multiple bids on a home, the seller’s broker can only disclose the number of competing offers, but not the details of... [read more]

Prices for detached, townhomes & semi's shot up 24% from Nov 2019 - Nov 2020 in Durham Region. With the low inventory, multiple offers are the norm. Buyers & Sellers are looking to Realtors with years of experiance to help safely guide them through the maze of home ownership. Check out bonnieandpaul.com for more info [read more]