How a Multiple Offer Situation Should Be Handled

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The market in the Greater Toronto Area is competitive right now, and you may encounter some trouble when you’re putting in an offer on a home. Today I have a few different suggestions for how you can improve your offer and get it to the top of the seller’s list.

Make sure you’re working with a professional, full-time real estate agent. You need someone to handle all of the paperwork, negotiate the best terms, and get you in and out of the transaction with as little trouble as possible.

Realize that price is not the only factor when you’re making an offer. Sometimes sellers are looking for a shorter closing period or sometimes they want fewer contingencies in the offer. Some sellers want all cash, and others want convenience. Have your buyer’s agent get in touch with them in order to find what the seller wants.

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It’s not all about making the highest cash offer.

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There are many different ways to write an attractive offer, but these are only a few suggestions. You need to work closely with your agent in order to find out what would satisfy the demands of the seller.

Please don’t hesitate to contact me if you have any questions!

The Benefits of a Comparative Market Analysis

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A comparative market analysis is a method that Realtors use to find an accurate price for your home. It’s a massive amount of research, and each Realtor does it a little bit differently.

Most often your property is compared to a group of similar properties that have sold in the last 3-6 months, properties that are still on the market, and pending properties.

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A CMA will place an accurate and attractive price on your property

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There are other factors that have to be accounted for, like the number of bedrooms, the number of bathrooms, your garage space, the square footage in your home, and the size of your lot. Location is important too. If you live next to a highway or train tracks, your home will obviously not be valued as highly.

If you’d like to have a CMA performed for your property, please don’t hesitate to contact us! It’s a surefire way to price your home accurately and put your best foot forward during a real estate sale.