Sentences with phrase «clauses in bidding wars»

June 01, 2017 «Fraught with challenge»: Toronto realtors raise concerns over escalation clauses in bidding wars Globe and Mail

Not exact matches

Falcao Chelsea: Mourinho reveals desire to sign Manchester United flop Man United & Chelsea in bidding war to sign prolific forward with # 73m release clause

Despite the inflated prices, homebuyers today often find themselves in aggressive bidding wars, and many are using escalation clauses with their bids, agreeing to pay a specific amount over the highest bid, up to a certain price.

In conclusion, until we have a court decision that may explain these issues, it is my advice that brokerages representing sellers in a bidding war should make it clear prior to any bid received that escalation clauses will not be permitted or shown to the sellers, due to concerns about possible litigatioIn conclusion, until we have a court decision that may explain these issues, it is my advice that brokerages representing sellers in a bidding war should make it clear prior to any bid received that escalation clauses will not be permitted or shown to the sellers, due to concerns about possible litigatioin a bidding war should make it clear prior to any bid received that escalation clauses will not be permitted or shown to the sellers, due to concerns about possible litigation.

This is what is known as an escalation clause and it has been developed to give a person in a bidding war an advantage over the other bidders.

In my opinion, an unsuccessful buyer in a bidding war could bring a lawsuit against a seller or brokerage who comply with an escalation clause, stating that they only put in their bid on the understanding that their bid price would remain confidentiaIn my opinion, an unsuccessful buyer in a bidding war could bring a lawsuit against a seller or brokerage who comply with an escalation clause, stating that they only put in their bid on the understanding that their bid price would remain confidentiain a bidding war could bring a lawsuit against a seller or brokerage who comply with an escalation clause, stating that they only put in their bid on the understanding that their bid price would remain confidentiain their bid on the understanding that their bid price would remain confidential.

The question is whether escalation clauses are permitted in an Ontario bidding war where agents are being used.

The frothy market, buoyed by low - interest rates, is resulting in frenzied bidding wars, causing many shoppers to leave once - standard clauses such as a professional home inspection and financing contingencies out of their purchase offers.