The most important thing to know about bidding wars.

Multiple offer situations are frustrating for buyers.

Sometimes a property will sell for just 5 K over and sometimes they sell for 150 k over asking. So, how in the world do you know what price to offer?

You don’t want to pay way over the market value just to beat the others but you also don’t want to risk losing out because you didn’t go in high enough.

The most important thing in these situations is being able to trust and depend on your agents knowledge and skills. It is our job to know the comparables and what the house’s actual value is, based on a number of variables.

The secret sauce is in predicting how the seller and other bidders will analyze the comparables.

There are other factors that we can use to make your offer more enticing. Closing date, a higher deposit, letting the sellers leave behind any belongings (this is huge for those down sizers) and personal notes (sometimes this helps for sellers who are holding onto a lot of memories in the home).

We gather as many details as we can on the sellers and their motives to help make our offers more attractive.

At the end of the day the most important thing to remember is to not let your emotions take over. Make sure you’ve got a solid understanding of the true market value. Have a budget in mind and stick to your budget. When offer 5, 6, and even 15 come in, don’t let those emotions force you to make a decision you’ll later regret.

Aram and Renee Niagara Ontario Realtors

we are ARHOUS.

Aram and RENÉE Ghewondian

With our in-house renovation and property management team, we’ve created a comprehensive one-stop solution for our clients.

We take pride in our track record of transforming neglected properties into sought-after ones, providing our clients with substantial equity, financial gains, and the satisfaction of a dream home.

Our mission is simple:

Our roots are traced back to our early days of finding hidden gems that others overlook and unlocking the most potential out of them.

We quickly realized that our ability to envision the transformation of an ordinary property could lead to remarkable success.

With each successful renovation and sale, we began to realize the need for a more comprehensive one-stop solution to achieve the same results but with a lot less stress and less running around.

 A solution where all aspects of buying, renovating, managing and selling are in one place. We now proudly call this solution, ARHOUS.