Fiduciary Duty and Multiple Offer Transparency

Posted on Posted in Liberty Village

Most sellers are elated at the prospect of dozens of buyers financially genuflecting on their doorstep.

 

Most buyers are either self medicating or seriously considering some derivative due to the stress involved with the inherent blind bidding process.

 

How much is enough? 5% over? 25% over? Even higher? This is but one of the many negative ramifications besieging buyers and brokers.

 

Attached below is an editorial detailing some of the pit falls endemic to a very dated procurement process. Surely there is room for some structural improvement.

Article: End blind-bidding to end house-price insanity

 

Discover the difference in service, product knowledge and professionalism at Heritage Caledon Realty Inc. and Accurate Appraisals.

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