top of page
< Back

Important Resources

Save this article  > 

Bidding wars and bully offers: strategies for success

Author: Staff
Publication date:
July 14, 2020
Article Summary: 

The Toronto housing market is witnessing an increase in multiple offers and aggressive buyer tactics, as demand remains high and inventory is low. Bidding wars are common where buyers compete against each other to buy a property, and a low listing price can attract those in a lower budget range, who might not have otherwise considered the property. It is essential to have a solid understanding of market value, be rational while deciding the offer limit, put in the best offer right away, go in firm with no conditions for financing and home inspection, be accessible, and be prepared to walk away. Buyers can use a more aggressive tactic, the bully offer, where they make an offer well above asking price before the seller's offer date. However, this strategy is debatable.


Toronto housing market, multiple offers, aggressive buyer tactics, demand, inventory, bidding wars, listing price, market value, offer limit, firm offer, financing, home inspection, accessible, walk away, bully offer, asking price, seller's offer date, strategy.

Source Citation: Staff
Bidding wars and bully offers: strategies for success
July 14, 2020
Did you find this article useful? 
Your feedback is important not only to us, but to all the other key players in the condo industry.  Help us by letting us know if this article is relevant and useful.  This will help us prioritize articles that provide helpful guidance to other key players like you. 

Please login to use this feature.

bottom of page