How & When to Use a Bully Offer | Toronto Real Estate Strategies, Episode 9

In this video podcast episode, Toronto Real Estate Brokers Ian Busher, Kori Marin, and Ralph Fox from Fox Marin Associates explore the concept of bully offers or preemptive offers in the city's competitive real estate market. They emphasize that bully offers, although aggressive, can be a valuable strategy for buyers to secure a property before the official offer date, gaining an advantage in a seller's market. The group highlights the delicate balance of aggression and precision required when making a bully offer acknowledging that while bully offers can be effective, they should be used judiciously, as they are not a one-size-fits-all solution and have potential pitfalls. The discussion in this video podcast specifically focuses on the buyer's perspective of bully offers, with future episodes planned to address the seller's viewpoint. They emphasize that a bully offer, also known as a preemptive offer, is not the first offer but rather an offer made before the official offer date that significantly exceeds the list price. Drawing an analogy to bypassing a long lineup at a busy nightclub by paying a premium, they highlight that bully offers allow buyers to secure properties immediately by offering well above the asking price. Ian, Kori and Ralph offer practical advice and explain relevant terms such as offer dates, broker remarks, and a seller's market dynamics. Through their expertise, they aim to empower viewers to master the art of bully offers and make informed decisions in Toronto's competitive real estate market. Be sure to like, subscribe or comment with your thoughts, ideas, or bully offer insiders! Contact Us (We’re Nice). ◈ foxmarin.ca ◈ 416-567-0460 ◈ @_foxmarin ◈ [email protected]