There’s a lot coming your way once you’ve listed your property on the real estate market. You have to plan your move, coordinate showings, sift through offers, and still find time to live your life. If you’ve received multiple offers for your home (congrats!) you’re probably feeling overwhelmed and a little confused. Before setting anything in stone, read our breakdown of the multiple-offer scenario so you can have a better understanding of the situation and feel confident about your decision.

What conditions cause a seller’s market?

When there is more demand for homes than there is property available to meet that demand, we experience a “seller’s market”. This means homes are usually selling quickly and buyers are paying over-asking for them. Ideal for sellers, this means you can be highly selective when considering offers, and you’re more likely to get a great return (so it’s smart to take advantage of these market conditions). 

Different factors can influence the market, and in 2020 we saw an exponential rise in consumer demand for homes because of the government-issued stay-at-home orders and mass transition to work-from-home jobs that meant people were in need of larger, more functional properties.

Find out the true value of your Vaughan area home with a property evaluation from our local expert team here.

How should you navigate a multiple-offer scenario?

A multiple-offer situation happens when you receive more than one bid for your property. Because of the lack of real estate inventory available in a seller’s market, it’s likely that you’ll find yourself in a multiple-offer scenario if you list your home in these conditions. 

While it’s good to have options, you want to ensure you choose the best overall offer, because it’s not always as simple as accepting the highest price. Other factors that can determine the value of an offer include:

• Financial conditions: make sure the offer comes with a mortgage pre-approval from the buyer, as buyers who present offers without this included are less likely to follow through with the deal
• Cash offers: these eliminate many steps, allowing the sale to close much faster. Because of the high convenience, a cash offer may be more beneficial to you than a higher offer that’s contingent on a mortgage loan
• Other conditions: some buyers may include specific requests in their offer such as a home inspection or a home sale contingency (meaning their offer to purchase your property depends upon the sale of their current home)

Learn about our proven selling strategies and unique approach to listing your property here.

There are different ways you can approach a multiple-offer scenario depending on your particular situation. You can:

• Simply accept the best offer you receive
• Inform all buyers that you’ve received multiple offers, and invite them to resubmit their best offer
• Make a counteroffer for the most appealing offer

Your agent will help you decide the best strategy for getting the best possible value for your home while protecting your best interests. 

What to do if you receive a bully offer

A bully offer is one that’s submitted to the seller prior to the offer date the seller established. The buyer’s objective in this situation is to convince you to accept their offer without looking at any others. They’ll typically include a deadline by which you need to accept the offer before it’s retracted, and that’s usually before your offer date. 

Pro:

• Bully offers are usually impressive, including an offer price that’s significantly higher than your listing price (otherwise, it wouldn’t be much of a strategy)

Con:

• Because the buyer is trying to force you into choosing their offer, it may have conditions or terms that aren’t in your best interest

While a bully offer can feel intimidating, you’re actually in a great position! It just means that you have more options. Making the right choice is where your agent comes in. They’ll help you analyze the situation, understand the potential outcomes of each option, and share current market stats to help you see whether it’s likely you’ll get a similar or better offer by your original offer date.

Your agent can also tell you whether or not it’s worthwhile to present a counter-offer to this exceptionally motivated buyer. 

When you’re faced with a multiple-offer scenario, remember, that’s a good thing! To make the right decision that you’ll be happy with years down the road, you need the guidance of a trustworthy agent who’s been in these exact situations and can guide you with relevant expertise, real market data, and practical experience.

Get the support of 37+ years in the business when you partner with the Lino Arci Team to list your home. Find an agent here.

Lino Arci Welcomes you to…

1178 Bob Gapp Drive

N E W M A R K E T , O N T A R I O

Welcome to New Market! This Amazing home is located in Newmarket, Ontario, and is situated in the neighbourhood of Stonehaven Wyndham in Newmarket. This stunner makes 1178 Bob Gapp Stand Out From The Rest!

Nearby areas include Gorham College Manor, Central Newmarket and Newmarket Industrial Park.

Don’t Miss This Opportunity To Own A Beautiful Home In Prestigious Copper Hills.

Coming Soon! NOT ON MLS! If you would like to get the CURRENT price of this home, or for the most up-to-date information on this home, call the Lino Arci at 416-571-2724 (ARCI).

Your price is Our Promise. Your Home SOLD 100% of the Asking Price or We Will Pay You the Difference! Call us at 416-571-2724 (ARCI) or visit us HERE.

“Making it” in such a competitive industry as real estate can be hard to accomplish operating on your own, especially in a market as active as Toronto’s. Joining a brokerage can help elevate your career by providing you with the support you need to help more clients achieve their real estate goals. Before you decide which brokerage to join, though, read about these six things to look for to make sure you find the right fit.

Training And Resources

Whether you’re new to the industry or you’re a seasoned agent looking to make a career pivot, you need to work at a brokerage that can support you with diverse and comprehensive educational resources, practical industry tools, and expert training from experienced real estate professionals. The key to succeeding in the market is adapting, innovating, and staying ahead, and the help of a supportive team will help you do that and grow your business. At the Lino Arci Team, we provide agents with supports including leading edge selling systems and exclusive marketing tools, along with learning and leadership experiences to help you grow.

Coaching

Guidance at any stage of your career is important because learning from more experienced agents means you’ll avoid making many mistakes and you’ll learn valuable skills to help you perform better and excel your career. Research the brokerage you want to join to make sure it offers some type of mentoring or coaching sessions, and find out who you’ll be learning from to make sure it’s a good fit. Lino Arci leads our team with more than 5,000 homes sold and over three decades in the business, so you’ll be learning from one of the best when you join us.

Learn more about the Lino Arci difference here.

Like-minded Team

Joining a brokerage with good systems in place to help you professionally is always important, but you’ll also want to ensure the team you’re joining has similar values, goals, and work ethic as you, too. Finding synergy in your work environment is important for you to be able to go the extra mile for your clients and do more business. The Lino Arci Team is a group of highly motivated professionals passionate about real estate and delivering value to each client. We combine proven home selling systems and more than 30 years of experience to help our agents succeed.

The Lino Arci Team has won the 2021 RE/MAX Pinnacle Award! You can read more about this incredible designation here.

Great Culture

If you’re employed full-time, you likely spend most of your day working and/or around your coworkers, so make sure you choose a brokerage that encourages a healthy work culture that you enjoy. Whether it involves weekly traditions to prepare for the workload ahead or regular celebrations to facilitate team bonding, finding a team that makes you feel at home and embodies a culture you believe in is as important as competitive commission or a strong professional network.

Guaranteed Leads and Career Growth

Time is of the essence, especially in real estate, so finding a brokerage that is able to provide you with guaranteed client leads means you can spend more time working with clients instead of trying to find them. With guaranteed leads, you’ll have financial peace of mind, be able to expand your business quicker, and reach your career goals sooner. Agents working with the Lino Arci Team have access to a continuous overflow of potential clients, so you can focus your attention on doing what’s best for your buyers and sellers.

Ready to make your next career move? Join the Lino Arci Team here.

Fair, Transparent Commission Structure

Your compensation should be explicitly explained to you before you join a brokerage so you can decide if it’s worth it to join the team. As a hardworking real estate professional contributing to the company’s growth, you deserve to receive compensation that reflects your value. Make sure whichever team you join offers a fair, competitive commission package.

There are countless brokerages out there, but not all are created equal. They vary in services, size, culture, and compensation, so make sure you research a few of them so you can compare and contrast the benefits and drawbacks of joining each.

Remember that a great brokerage can either hinder or help the growth of your career, so choose wisely! Learn more about joining the Lino Arci Team here.

Lino Arci Welcomes you to…

67 Juldan Place

V A U G H A N , O N T A R I O

This Absolutely Stunning 4 Bedroom Detached Home is located in Vaughan, Ontario. This lovely home has the best location in front of the park in a family-friendly neighbourhood in Vellore Village! Amazing Features Includes Double Garage, with Long Driveway and No Sidewalk!

YOU DON’T WANT TO MISS THIS!!!

Coming Soon! NOT ON MLS! If you would like to get the CURRENT price of this home, or for the most up-to-date information on this home, call the Lino Arci at 416-571-2724 (ARCI).

Your price is Our Promise. Your Home SOLD 100% of the Asking Price or We Will Pay You the Difference! Call us at 416-571-2724 (ARCI) or visit us HERE.

Lino Arci Welcomes you to…

80 East’s Corners Boulevard

K L E I N B U R G , O N T A R I O

Welcome to Kleinburg! This 3 Bedroom Semi-Detached Home is located in the city of Kleinburg, Ontario. It has a lot of space to park your car with its Premium Double Garage! Nothing Beats living in the Best New Kleinburg Neighbourhood!

YOU DON’T WANT TO MISS THIS!!!

Coming Soon! NOT ON MLS! If you would like to get the CURRENT price of this home, or for the most up-to-date information on this home, call the Lino Arci at 416-571-2724 (ARCI).

Your price is Our Promise. Your Home SOLD 100% of the Asking Price or We Will Pay You the Difference! Call us at 416-571-2724 (ARCI) or visit us HERE.

We are honoured to achieve the newest highest-ranking award with RE/MAX!

What an amazing accomplishment. We are so proud of our Award Winning Realtors Lino Arci Team.

We’d like to express our sincerest appreciation and gratitude to our clients & community who put their trust in us.

THANK YOU for all your loyalty and support we could not have done it without you all!

The Pinnacle Awards recognizes agents who have built exceptionally strong businesses that dominate their local markets. Recipients for the award were decided based on independent third party data compiled and weighted according to a specific formula.

Lino is a true industry leader who’s happy to share his success with others. He’s a distinguished speaker, an entrepreneurial coach, and a real estate professional who’s as committed to his clients today as he was when he started his career.

Please don’t hesitate to reach out to us any time.
Call 416-571-2724 (ARCI) or email hello@arciteam.com

Are you Interested in the local housing market? We can guide and help you decide if now is a good time to buy or sell. Home buyers, sellers or those simply curious about real estate can benefit from talking with one of our qualified real estate experts.

So tell us how can we help get the conversation started – and to get you closer to understanding the ins and outs of the current market?

Here are some questions to ask your Real Estate Agent about the Current Housing Market:

“How long will the current housing frenzy last?”

While we don’t have a crystal ball, real estate agents may have insight into these swings in the market and when they expect to see change. At the moment, many places are in a seller’s market, experiencing a high turnover of homes and an influx of competitive bids, with many properties selling over asking price. 

“How has COVID-19 impacted the local market?”

With unusual circumstances in 2020, ask your real estate agent about the impacts COVID-19 has had on the specific area you are interested in. If you’re close to a city, for example, there may be more properties available with the influx of people migrating away from an urban lifestyle.

“Should I lower the listing price to sell my home faster?”

Suggests asking your agent if adjusting the listing price will help your home sell faster.

“If I am selling my home, how many days are comparable houses staying on the market? And how do their listing prices compare to the value of my home?”

Ask your agent what they’re seeing with listing prices and neighbourhoods similar to yours. Knowing how your home compares to similar listings can help you make a more informed decision to maximize value when it comes time to list it.

“If I am buying a home, how do I make my offer stand out in a seller’s market?”

Having been around the block (literally and figuratively), your agent will have insight into the strategies used to leverage an offer. For example, agents may recommend implementing an escalation clause into your offer to more easily outbid the competition. Suggest asking how to catch the seller’s attention when submitting an offer on a home.

“Are we in a buyer’s market or a seller’s market?”

Understanding the type of market in your town, city, province or country is experiencing helps inform personal decisions surrounding buying or selling – you’ll have a better grasp of what the current inventory is like and if there will be greater competition with your own transaction. A real estate agent can help shed light on which way the market is trending. In a nutshell, a buyer’s market is when the supply of homes is greater than the demand, and a seller’s market is just the opposite of that.

“If I’m selling my home, what should I do if I don’t get any offers within the first few days of it being listed?”

Ask your agent what to do if your home doesn’t receive any offers within the first few days of hitting the market. While your agent will likely calm your nerves, they will also be able to compare your situation to comparable homes for sale or ones that have recently sold to evaluate what’s next in your particular situation. It’s worth asking your agent if you have any concerns.

Get to know the ins and outs of your local market
with the help of the Lino Arci Team.

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