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April 2023 Real Estate Guide

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House selling:<br />

should you ever disclose the<br />

details of a competing offer?<br />

If you’re selling your home and<br />

have several interested buyers,<br />

find<br />

out<br />

if disclosing the amount of a<br />

competing offer could help you<br />

get the best price.<br />

WHO CAN DISCLOSE<br />

THIS INFORMATION?<br />

Depending on your province,<br />

your real estate broker may not<br />

be allo wed to tell other buyers<br />

the amount of a competing offer.<br />

However, they can disclose how<br />

many other offers are on the<br />

table.<br />

If you’re selling your home privately,<br />

the decision is yours. You<br />

can either tell potential buyers<br />

what ot hers have offered or<br />

keep this information to yourself.<br />

WHY SHOULD YOU SHARE<br />

THIS INFORMATION?<br />

If you choose to share these figures,<br />

you may want to do so<br />

after shortlisting the best bids<br />

to see if any buyers wish to increase<br />

their offer. You could also<br />

remain open through out the entire<br />

process and provide this information<br />

upfront to anyone interested<br />

in putting in an offer.<br />

The first option may allow you to<br />

sell your home well above the<br />

asking price. The second option<br />

may reduce the number of potential<br />

buyers but increase the<br />

competi tiveness of their offers.<br />

Whatever you decide, consulting<br />

a professional will help make<br />

your sale successful.<br />

Call for advertising dates & prices.<br />

Ads start at only $42.75<br />

for two months of advertising.<br />

To Advertise Call<br />

928-425-7121<br />

Say you saw it in the <strong>Real</strong> <strong>Estate</strong> Pictorial <strong>Guide</strong>! Online at www.globerealestateguide.com Page 5

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