Realty Executives of Sudbury Ltd.

Gary Doyle

Gary Doyle

Sales Representative

Realty Executives of Sudbury Ltd.

Blog

How Do I Make The Right Decision In a Bidding War?

(Published on - 3/2/2021 2:20:32 PM)

 

We are continuing to see competing offers in the Sudbury market, and it is often frustrating. Let me help you build a plan. There are strategies to be most effective when in a competing offer situation.  Let me assist you as you navigate through the process.

 

FAQ:

 

How do I make sure I do not overpay?

I will conduct a market analysis that looks at many comparable properties and the price they sold at. Not every property is the same and I will walk you through the differences between your listing and the one that sold from a financial standpoint. This information allows us to understand market value and decide how we strategize the offer.

How can I get my offer accepted at a lower price than other offers?

A strong financial position will allow you to put forward an unconditional offer. I can set you up with some great lenders to support you in this area. Sellers are wanting to get the most dollars for their property while minimizing risk. A conditional offer that falls through will often kill the momentum of a listing and not maximize a seller’s return.

 

Give me a call and we can chat about how to best prepare for this active market.

 

All the best

Gary

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