by Ross Wilson | Nov 26, 2018 | News
[quote_box_center]“The only competition worthy of a wise man is with himself.” – Washington Allston[/quote_box_center] Legal and ethical protocol dictates that during a bidding war, buyers are deliberately kept unaware of the terms of competing offers. To ensure a...
by Ross Wilson | Sep 27, 2018 | Featured
[quote_box_center]“You have to learn the rules of the game. And then you have to play better than anyone else.” — Albert Einstein[/quote_box_center] In an ideal world, your buyer is the only bidder on their dream home. However, unless all the planets are...
by MarkWeisleder | Jul 12, 2017 | Columnists, Featured, Legal Issues
“I will pay $5,000 more than the highest offer received.” This is what is known as an escalation clause and it has been developed to give a person in a bidding war an advantage over the other bidders. It usually will also include a “cap” such that the maximum price to...
by REM Editorial Team | Feb 19, 2016 | News
Core Assets in Toronto says it is the first real estate brokerage to launch an “avoid bidding wars” button on its website. The button will give buyers the ability to search for properties that are no longer holding back offers. “In Toronto’s heated real estate market,...
by MarkWeisleder | Sep 17, 2015 | Featured
There is already confusion with respect to how real estate brokerages are to comply with Bill 55 and use the new Form 801 in a bidding war. Mark Weisleder outlines 5 things you need to know. MarkWeislederMark Weisleder is a senior partner, author and speaker at the...
