Morrison Sells Real Estate – Toronto Real Estate Agents

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The Bidding War Chaos Has Returned

It’s the beginning of 2020 and most real estate agents are feeling like they are having their own Groundhog Day moment as they are re-living the beginning of 2017 again. The most common, tried and true way to sell a house or condo in this city is by setting up a bidding war. This means pricing the property slightly lower than the market to garner as much interest as possible. This practice is common and has been happening since before I bought my first home in 2005 when I had to fight off 10 other bidders for a house.

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