Multiple Offers
By Malcolm Johnston, Trenton Real Estate
(Century 21 Lanthorn Real Estate LTD., Trenton, Ontario)
I work in one of the smaller real estate boards in Ontario, mostly smaller towns and rural areas. The pace tends to be a little slower than it would be in the Toronto Real Estate Board, and the situation of multiple offers on the same property does not happen with the same frequency as it would in larger, more urban boards where certain properties would be more in demand. In the last four years I have been involved in about 15 multiple offer situations, mostly representing a buyer. I have had only one listing that has attracted multiple offers. All but one of the multiple offer situations involved two offers, so that's mainly what this post is about. I have noticed that there is quite a difference between representing buyers who have the first offer in and representing buyers who have...
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