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Sold Over Asking - What This Really Means in Toronto Real Estate

Author: 
Toronto Realty Boutique
Publication date:
November 30, 2022
Article Summary: 

The blog discusses the concept of homes being sold over the asking price in a hot real estate market. It explains that while some homes are sold for a reasonable amount over the asking price, others are sold for amounts that far exceed the home's actual market value. The blog recommends that homebuyers use caution when making offers above the asking price and to stay in close contact with their real estate agent and lender. The blog also warns that paying well over the asking price may result in difficulty securing the full amount of financing needed.

Keywords: 

Toronto real estate, Sold over asking, bidding wars, market value, financing, appraised value, homebuyers, current market value, neighbourhood comps, location, upgrades, finishes, parking, yard, sellers expectation.



Source Citation: 
Toronto Realty Boutique
Sold Over Asking - What This Really Means in Toronto Real Estate
November 30, 2022
https://torontorealtyboutique.com/sold-over-asking/
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