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multiple offers: Competition Is Good - At The Olympics - But What About When Buying A House ? - 02/22/10 05:12 PM
Competition is a good thing right?  It means you have to be at the top of your game.  If you are really good you may even win something.  There are lots of different kinds of rewards. 
Medals, trophies, money, recognition, fame (sometimes only the 15 minute kind). 
As a buyer looking to purchase a house, is competition a good thing?  What is the reward if you "win"?
A house you spent 15 minutes looking at before you had to make an instant decision because there was another offer, or more, being presented on it. A house that you probably didn't have a building inspection … (9 comments)

multiple offers: Buying In A Seller's Market - House Hunting 101 - 11/05/09 05:46 PM
Real estate markets are determined by supply and demand.  Markets can fluctuate  from a buyer's market to a balanced market to a seller's market and back very quickly for a variety of different reasons. 
A seller's market is one in which the buyers outnumber the available inventory.  This results in putting the seller in a very solid position to sell quickly for top price.  In order for a buyer to compete with a multitude of others looking in the same price range for limited product they must be fully prepared and educated.
Make sure you work with a REALTOR who will keep … (17 comments)

 
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Jenny Kotulak

Oakville, ON

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Broker RE/MAX Aboutowne Realty Corp., Oakville, Ontario

Address: 418-2 N. Service Rd. E., Oakville, On, L6H 5R2

Office Phone: (905) 842-7000

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A little Real Estate - A little Real Life.


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