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Bully offers 101: tips for buyers and sellers

Author: 
Condos.ca Staff
Publication date:
March 11, 2021
Article Summary: 

The article titled "Bully Offers 101: Tips for Buyers and Sellers" discusses the concept of bully offers in real estate transactions. A bully offer is an offer that is made by a buyer before the scheduled date of accepting offers, which puts pressure on the seller to accept the offer without considering other potential offers. The article provides tips for both buyers and sellers in handling bully offers. For sellers, the tips include setting a predetermined time for accepting offers, requiring that all offers be submitted in writing, and avoiding disclosing any information about other offers. For buyers, the tips include doing research on the property and the market, being prepared to make a strong offer, and working with a knowledgeable real estate agent. Overall, the article aims to provide guidance on how to navigate the potential pitfalls of bully offers in real estate transactions.

Keywords: 

bully offers, real estate, transactions, buyers, sellers, offers, market, agents.

Source Citation: 
Condos.ca Staff
Bully offers 101: tips for buyers and sellers
March 11, 2021
https://condos.ca/blog/posts/bully-offers-101-tips-for-buyers-and-sellers
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