Archive for October, 2015

When Should A Seller Consider Accepting A Bully Offer?

When Should A Seller Seriously Consider Accepting A Bully Offer? Photo

When should a seller consider accepting a bully offer?

I am of the opinion that a seller is almost always going to do better if they avoid looking at bully offers, and wait until their scheduled offer night instead.

Every now and then though, a seller finds themselves in a situation where a bully offer is just too damn good to pass up!

Sometimes the price is so phenomenally above what they were expecting to get, that it’s just not worth the risk of waiting and ending up with a lower price on offer night.

Sometimes the sellers are seriously stressed out by the entire process of having their home on the market, and the prospect of having it all over-and-done with is a no brainer.

And then there are times where it’s actually looking like the home is not going to get the offers that the sellers want/expect on offer night. Case in point…

Earlier this year I had a listing in the west end of the city.

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September 2015 Market Stats: Infographic & Report

September 2015 Market Stats: Infographic & Report Photo

Following is TREB’s market report for September 2015:

Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System.

There was a combined 8,200 home sales reported for September 2015.

This result was up 2.5 per cent compared to September 2014.

TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.

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