Ask a Realtor anything

[nomullies]

Yes that one boggles the mind. It was supposed to close on Jan 5 but the the land registry doesn't show a new owner. I wonder if there was some serious buyer's remorse. The big problem here is the buyer will never know how much higher they were than the second best bid.

What's the process? Potential buyers come with their best bids and then the field is narrowed and they keep bidding? Or is it just one bid? Not something I'd be interested in. We helped my son arrive at a number he could live with when bidding on a condo. He won but then got selling price lowered with the discovery of Kitec plumbing.

[davepratt]

What's the process? Potential buyers come with their best bids and then the field is narrowed and they keep bidding? Or is it just one bid? Not something I'd be interested in. We helped my son arrive at a number he could live with when bidding on a condo. He won but then got selling price lowered with the discovery of Kitec plumbing.

We usually ask them to bring their best bids but if there are bids that are so close, we do ask if they want to improve. The ones that really irk me are the ones that say you get one shot and turn around and tell you they are sending back the top 3 to rebid. It's funny, we put a fair offer on a Pickering home for a golf nut and they tried the old sent them back to improve. My folks asked me what we should do and I said nothing because we gave them a good offer and for all we know it was already the best one. We did get the home without upping our bid.

[Aceman]

Dave, could I bother you for some info ........ I would like to know if 22 Dempsey Court in Bolton has been sold in the last couple of years and at what price. Thanks in advance.

Roy

[davepratt]

Dave, could I bother you for some info ........ I would like to know if 22 Dempsey Court in Bolton has been sold in the last couple of years and at what price. Thanks in advance.

Roy

Hi Roy. Here's the history going back to when they bought the land. It doesn't show as being sold since. It was listed and cancelled and relisted but no takers so far. If you want to see the full listing LMK. Dave

[Aceman]

Thanks Dave.

[Section ThirtyOne]

Dave, are you able to pull sale data for listings outside TREB? Say Collingwood for example?

[Arthur Dailey]

Dave, I have always wondered about disclosure and liability rules. What must be disclosed? What if the vendor was not aware of the existence of the problem? What if the vendor paid for an inspection and the problem was not discovered during the inspection?Thanks.

[davepratt]

Dave, I have always wondered about disclosure and liability rules. What must be disclosed? What if the vendor was not aware of the existence of the problem? What if the vendor paid for an inspection and the problem was not discovered during the inspection?Thanks.

To me if the vendor was not aware, there shouldn't be any liability.

[davepratt]

Dave, are you able to pull sale data for listings outside TREB? Say Collingwood for example?

Usually.

[Section ThirtyOne]

Usually.

Thanks, i'm curious as to what 1 Shipyard Lane, Unit 112 (Collingwood) sold for. MLS number was apparently 107411.

[davepratt]

Thanks, i'm curious as to what 1 Shipyard Lane, Unit 112 (Collingwood) sold for. MLS number was apparently 107411.

That board opted out of the data sharing app. Not sure why. The last transaction shows $360,000 in 2014. The land registry hasn't got a new price yet so maybe it hasn't closed yet.

[Section ThirtyOne]

That board opted out of the data sharing app. Not sure why. The last transaction shows $360,000 in 2014. The land registry hasn't got a new price yet so maybe it hasn't closed yet.

Thanks for checking Dave.

It was a recent listing, so very, very likely it hasn't closed yet. We were considering an offer on it, but found it was already under contract.

[Arthur Dailey]

To me if the vendor was not aware, there shouldn't be any liability.

Dave, Thanks. As a follow-up what has to be disclosed and what does not?

[Spot]

Dave, Thanks. As a follow-up what has to be disclosed and what does not?

http://www.reco.on.ca/ask-joe-question/sellers-rep-disclose-buyer-house/

[Mersey]

Happy post-St.Patrik's Day!! Hope there aren't many serious hangovers.
Can someone tell me what 225 Lake Driveway W sold for in Ajax?
It was listed for a while and finally sold.