Bully Offer Strategies for Buyers

By: Sylvia Smith

Bully Offer Strategies for Buyers

Tags: BUYING A HOME, BIDDING WARS, BULLY OFFER STRATEGY, ACCEPTING BULLY OFFER, SELLERS MARKET,  TORONTO REAL ESTATE MARKET, VAUGHAN REAL ESTATE MARKET, COTTAGES, Vaughan Realtor, Toronto Realtor

 

Bully offers can be an effective strategy when a property is holding off offers until a specific date in the future.  If you have fallen in love with a house and don’t want to get into another bidding war on the offer date.  There are some tips and strategies to get your bully offer accepted.
 
Tips for Bully Offer Success:

Bidding war success, bully offers, sellers market, buying a home

Surprise the Seller – don’t reveal your cards in advance.  Bully offers are most successful when the seller is surprised by your offer.  However, in Ontario Realtors are legally required to notify any buyers that have shown interest in the property that they have received a bully offer.

 
In a hot real estate market when supply is low and prices are continuously going up buying a home may be the ultimate objective and paying a little over the market today may in a couple of years feel like the smartest decision you make. 
 
The Greater Toronto Area has been very competitive for many years.  Given the current low mortgage rates and the migration numbers coming into Ontario the GTA continues to see demand outstripping supply and the projection is that the short supply of housing will continue for a number of years.
 
Are you thinking of selling or buying a home want to work with a Realtor that has a successful track record of implementing real estate strategies that work – reach out