In today’s competitive market, buyers often hear terms like “multiple offers” and “bully offers.” But what do they really mean?
When a property is listed, sellers sometimes set an “offer date,” encouraging all interested buyers to submit their offers at the same time. This creates a multiple-offer situation, where sellers review all offers at once and often choose the one with the best price and conditions. For buyers, this can mean facing stiff competition, sometimes resulting in bidding wars.
A bully offer, also known as a pre-emptive offer, is when a buyer submits a strong offer before the set offer date, hoping to persuade the seller to accept early. These offers usually come in well above asking price with few conditions, making them tempting for sellers to accept.
For buyers, it’s important to have a clear strategy when these situations arise. Working with an experienced agent ensures you know when to move quickly, when to hold off, and how to put your best foot forward without going beyond your comfort zone.
Understanding these terms helps buyers make confident decisions in fast-moving markets. Want to connect, click here to book a 15-minute conversation, it will be worth the investment of your time! #OakvilleRealtor #GTARealtor #HomeSweetHome #HousewarmingTips #NewHomeVibes #EntertainingMadeEasy
When a property is listed, sellers sometimes set an “offer date,” encouraging all interested buyers to submit their offers at the same time. This creates a multiple-offer situation, where sellers review all offers at once and often choose the one with the best price and conditions. For buyers, this can mean facing stiff competition, sometimes resulting in bidding wars.
A bully offer, also known as a pre-emptive offer, is when a buyer submits a strong offer before the set offer date, hoping to persuade the seller to accept early. These offers usually come in well above asking price with few conditions, making them tempting for sellers to accept.
For buyers, it’s important to have a clear strategy when these situations arise. Working with an experienced agent ensures you know when to move quickly, when to hold off, and how to put your best foot forward without going beyond your comfort zone.
Understanding these terms helps buyers make confident decisions in fast-moving markets. Want to connect, click here to book a 15-minute conversation, it will be worth the investment of your time! #OakvilleRealtor #GTARealtor #HomeSweetHome #HousewarmingTips #NewHomeVibes #EntertainingMadeEasy
Welcome to Bourikas Home, where your imagination finds you settled into the perfect home. As a dedicated Broker at Century21 Miller Real Estate, I'm passionate about serving you, truly listening to your needs. With a deep-rooted understanding of this region and a genuine desire to see you sell your home with ease and settle into your perfect abode, I make your dreams of a smooth and stress free real estate transaction my mission. Specializing in residential real estate transactions in Oakville, Burlington, Toronto, & nearby regions, I focus on ensuring your seamless buying or selling experience. I've mastered this through years of client-focused dedication. Drawing upon 12+ years of expertise in the local real estate landscape, I help buyers and sellers discover their ideal properties and secure the best deals. Keeping an ear to the ground on market dynamics, regulations, and upcoming opportunities is my duty, so you can sit back and trust you're in capable hands.