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Home Buyers Are Often Nervous When Deal With Multiple Offers
Buying a house can be very exciting, but when you are tackling multiple offers, it is tremendously important to keep cool head and not let your feelings -- or your competitive nature -- overshadow your good judgment since there are many unscrupulous tactics a homeowner may implement when confronted with possible purchasers trying to outbid one another for their home. Real estate professionals are likewise subject to playing off both the buyers and homeowners to boost their commissions higher and transaction numbers more impressive. Certainly there are established rules of engagement that deal with these situations, however they are not always respected -- so all involved has to stay on their toes and be aware of indications of foul play.
 
Dishonest maneuvers covering multiple offer scenarios are so frequent that a few provinces have actually made it against the rules for the seller to market a price they are not prepared to accept in an effort to start a bidding war. There are certain rules of engagement regarding multiple offers that involve non-disclosure of details while stipulating that any alterations to the bidding process must be discussed with everyone before executing. However in the quest to finagle a larger bid, ... more

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