Comments on: Bidding Wars for Sellers – How to get Multiple Offers on Your Vancouver Property and Sell for More than List Price http://www.mikestewart.ca/bidding-wars-for-sellers-how-to-multiple-offers-on-your-vancouver-property Thu, 17 May 2012 21:00:20 +0000 hourly 1 By: How to Sell Your Vancouver Condo 4 | Pricing Strategies « Vancouver Real Estate Video Blog by Mike Stewart 604-763-3136 http://www.mikestewart.ca/bidding-wars-for-sellers-how-to-multiple-offers-on-your-vancouver-property#comment-226 How to Sell Your Vancouver Condo 4 | Pricing Strategies « Vancouver Real Estate Video Blog by Mike Stewart 604-763-3136 Tue, 09 Aug 2011 00:14:37 +0000 http://www.mikestewart.ca/blog/?p=458#comment-226 [...] can also be a way to create a multiple offer situation for a Seller, which in a rising or hot market may result in offers coming in above the asking price and [...] [...] can also be a way to create a multiple offer situation for a Seller, which in a rising or hot market may result in offers coming in above the asking price and [...]

]]> By: Multiple Offer Situations For Buyers! « Vancouver Real Estate Video Blog by Mike Stewart 604-763-3136 http://www.mikestewart.ca/bidding-wars-for-sellers-how-to-multiple-offers-on-your-vancouver-property#comment-225 Multiple Offer Situations For Buyers! « Vancouver Real Estate Video Blog by Mike Stewart 604-763-3136 Tue, 15 Mar 2011 12:52:02 +0000 http://www.mikestewart.ca/blog/?p=458#comment-225 [...] Mail Interview on Vancouver Real Estate, The Olympics, and the Hot Downtown Market with David Ebner Bidding Wars for Sellers – How to get Multiple Offers on Your Vancouver Property and Sell for ... [...] [...] Mail Interview on Vancouver Real Estate, The Olympics, and the Hot Downtown Market with David Ebner Bidding Wars for Sellers – How to get Multiple Offers on Your Vancouver Property and Sell for … [...]

]]> By: Mike Stewart http://www.mikestewart.ca/bidding-wars-for-sellers-how-to-multiple-offers-on-your-vancouver-property#comment-224 Mike Stewart Sun, 07 Feb 2010 05:45:17 +0000 http://www.mikestewart.ca/blog/?p=458#comment-224 Hi Anonymous, Good to hear from you. I do not allow profanity or personal attacks on my blog. This is the wrong place to troll and flame. I hope you don't mind me deleting parts of your comment. Please feel free to call me to discuss. Its obvious you're angry at losing out and I'm sorry to hear that. The fact of the matter is its a sellers market. It is the sellers right to price the property any way they like. If you give them their asking price they are not obliged to take it. Asking price can be used as a tool for a seller to bring offers quickly, and this tool sounds like it was pretty effective in the case you mention. If you are serious about buying a property, (especially houses in Vancouver) you need to be ready. For reference you may want to read my post on <a href="http://www.mikestewart.ca/blog/2009/08/04/multiple-offer-situations-for-buyers/" rel="nofollow">multiple offer situations for buyers</a>. You need to move quickly and decisively to win these. One week seems like an excessive amount of time to do an inspection that takes a few hours. Why not get your inspector in there before you present the offer or have the inspection when you present? You need to be ready! If you're not ready to do what it takes to win a multiple offer situation, or the people you're working with are not able to help you win, I suggest you don't get involved. Hi Anonymous,

Good to hear from you.

I do not allow profanity or personal attacks on my blog. This is the wrong place to troll and flame.

I hope you don’t mind me deleting parts of your comment. Please feel free to call me to discuss.

Its obvious you’re angry at losing out and I’m sorry to hear that.

The fact of the matter is its a sellers market.

It is the sellers right to price the property any way they like. If you give them their asking price they are not obliged to take it.

Asking price can be used as a tool for a seller to bring offers quickly, and this tool sounds like it was pretty effective in the case you mention.

If you are serious about buying a property, (especially houses in Vancouver) you need to be ready. For reference you may want to read my post on multiple offer situations for buyers. You need to move quickly and decisively to win these. One week seems like an excessive amount of time to do an inspection that takes a few hours. Why not get your inspector in there before you present the offer or have the inspection when you present? You need to be ready!

If you’re not ready to do what it takes to win a multiple offer situation, or the people you’re working with are not able to help you win, I suggest you don’t get involved.

]]> By: Anonymous http://www.mikestewart.ca/bidding-wars-for-sellers-how-to-multiple-offers-on-your-vancouver-property#comment-223 Anonymous Sun, 07 Feb 2010 04:07:56 +0000 http://www.mikestewart.ca/blog/?p=458#comment-223 Dear Mike, A house in KITS priced at 1,388,880 had two open houses last weekend... We offered the asking price,... and on Sunday night the realtor was trying to get us to chose his own inspector to give a quick tour around the home on Monday so that we would have a subject free offer.... naturally, we refused, and put in a standard one week clause subject to inspection by someone WE TRUSTED.... on Monday our offer together with 4 other competing offers were turned down.... I discovered this past week through my realtor that they really want 1,600,000 (200 over asking)....Is this what you mean by "slightly under market value" in your post..... they had two extra open houses today and I came by and had a chat with between 5--10 of the prospective buyers on the sidewalk.... Dear Mike,
A house in KITS priced at 1,388,880 had two open houses last weekend… We offered the asking price,… and on Sunday night the realtor was trying to get us to chose his own inspector to give a quick tour around the home on Monday so that we would have a subject free offer…. naturally, we refused, and put in a standard one week clause subject to inspection by someone WE TRUSTED…. on Monday our offer together with 4 other competing offers were turned down…. I discovered this past week through my realtor that they really want 1,600,000 (200 over asking)….Is this what you mean by “slightly under market value” in your post….. they had two extra open houses today and I came by and had a chat with between 5–10 of the prospective buyers on the sidewalk….

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