From the blog...
MULTIPLE OFFERS AND HHTs
Being posted to Ottawa this year could mean a fairly challenging house hunting trip. Statistics released from the board in March revealed that sales were down almost 12% over last year. This is due to the lack of houses available for sale. There are so many buyers just waiting for houses to get listed. The lack of supply and strong demand continues to put upward pressure on prices. It also brings a unique set of challenges for our military clients. Many homes this year are listing on one day and then holding offers for about 5 days. This is something to take into account when you are planning your Ottawa HHT. We could always do what’s called a bully offer whereby one submits a strong offer before the presentation date but many sellers might not go for it.
I had a recent military client put an offer in based on a FaceTime walkthrough we had. This strategy is not for everyone but can help narrow some houses down before you arrive for your Ottawa house hunting trip. We will do everything we can to make your HHT as smooth as possible.