10 Tips For Winning a Bidding War Without Losing Your Shirt or Your Mind

10 Tips For Winning a Bidding War Without Losing Your Shirt or Your Mind

Some bidding wars are reasonable, where you’re competing against 1 or 2 other buyers. But then there are the insane kind of bidding war. Where 72 buyers show up, all wanting the same house

Here are my top 10 tips that can help you in winning that bidding war for your dream home!

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The Reality of Buying A Home in a Seller’s Market

The Reality of Buying A Home in a Seller’s Market

In case you haven’t noticed, it’s a strong seller’s market out there. A low supply of homes coupled with high demand has a way of putting seller’s in the driver’s seat. Unfortunately for buyers, this means that sellers call the shots, for the most part, and buyers are expected to fall in line accordingly.

Here are my suggestions to help you understand the realities of buying a home in a seller’s market.

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Why Is Rent So Expensive?

Why Is Rent So Expensive?

The reality for renters right now: you're going to need to cough up at least $1,500 -  $2,000 a month (plus utilities) for a one bedroom condo rental unit in Toronto. On average, this will get you between 500-700 square feet of living space.

So why is rent so high?  When will rising rents stabilize or decline? 

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Bidding Wars: A Seller’s Dream and Buyer’s Nightmare

Bidding Wars: A Seller’s Dream and Buyer’s Nightmare

The market continues to be hot and there has been no shortage of discussion in the media on bidding wars. So I thought I would answer some of the common questions regarding bidding wars for you.

What Is A Bidding War? 
Can A Bidding War Be Created? 
Can It Backfire? What Are The Dangers? 

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