Brian Madigan LL.B., Broker
BRMadigan@iSourceRealEstate.com

RE/MAX West Realty Inc.,
Brokerage
Independently owned and operated

96 Rexdale Blvd. 
Toronto, Ontario 


Phone: 416-745-2300
Toll Free: 1-888-507-0817

 

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Posts tagged with: bidding wars

You are “Close”, very Dangerous words in a Bidding War!

May 9, 2017 - Updated: May 9, 2017Real Estate Agents

You are “Close”, very Dangerous words in a Bidding War! Right now, the Toronto market is “hot”. It was “ho ...

Tagged with: agents bidding wars lawsuits litigation ontario law

Disclosure of Unrepresented Buyer in Competing Offer Situation

March 15, 2017 - Updated: March 15, 2017RECO, OREA

Disclosure of Unrepresented Buyer in Competing Offer Situation There is actually an additional disclosure that is required to be made ...

Tagged with: unrepresented buyer no commission payable no commission reduction disclosure competing offers bidding wars ontario law

Succesful Bidder Sues His Own Agent for Appraisal Shortfall

June 28, 2016 - Updated: June 28, 2016Litigation

Suing the Buyer’s Agent for the Shortfall in Valuation after the Bidding War Can a successful bidder sue his own Agent after the ...

Tagged with: agent bidding wars valuation shortfall appraisal lawsuit deficiency ontario law

Bidding Wars - High Bidder with Property Appraisal Issues

June 26, 2016 - Updated: June 26, 2016Litigation

Bidding Wars – High Bidder and Property Appraisal Issues There is a relatively new phenomenon involving the failure of a propert ...

Tagged with: bidding wars no conditions no appraisal condition value short money default remedies ontario law

How to Handle Offers and the Growing Count (Toronto Market 2016)

February 12, 2016 - Updated: March 26, 2016Real Estate Agents

Counting the Offers and Advising the Bidders The Toronto resale housing market is relatively “hot”. There is a shortage o ...

Tagged with: offers bidding wars offer registered offer received managing count ontario law barrister solicitor lawyer

Keeping Track of Real Estate Offers in Ontario (Bill 55)

June 17, 2015 - Updated: June 17, 2015RECO, OREA

Keeping Track of the Offers The Real Estate and Business Brokers Act, 2002 needs to change in order to impose a requirement to keep tr ...

Tagged with: offers phantom bidding wars bill 55 reco ontario law

Phantom Offers in Ontario (targeted by Bill 55)

June 17, 2015 - Updated: June 17, 2015RECO, OREA

Phantom Offers in Ontario (targeted by Bill 55) With the prevalence of bidding wars in Toronto and the GTA, have come “phantom o ...

Tagged with: phantom offers reco orea bidding wars ontario

Correct Documentation for Multiple Buyers in Bidding Wars

May 1, 2015 - Updated: May 2, 2015Agency

Correct Documentation for Multiple Buyers in Bidding Wars With bidding wars increasingly more common and even spreading out of the GTA ...

Tagged with: bidding wars multiple representation dual agency two buyers conflict forms ontario

Multiple Offers ~ Be Ready!

May 27, 2014 - Updated: June 2, 2014Agreement of Purchase and Sale

In Toronto’s competitive marketplace, buyers have to expect that they may be in a multiple offer environment. Basically, this m ...

Tagged with: multiple offers bidding wars toronto 2014

Regulation of the Bidding War Process (2014)

May 5, 2014 - Updated: May 5, 2014Consumer Protection

Ministry Seeks to Regulate the Bidding War Process Bidding wars in real estate transactions have become quite common. The process as I ...

Tagged with: consumers bidding wars phantom offers ontario law

Brian Madigan's Bidding War Rules

May 1, 2014 - Updated: May 2, 2014Sellers

Bidding War Rules for Openess, Fairness and Transperancy Bidding wars are just not fair. They only help one person and that’s th ...

Tagged with: buyers. sellers bidding wars rules open fair transparent ontario law

Phantom Offers: Are they Real?

April 10, 2014 - Updated: April 10, 2014Agreement of Purchase and Sale

Phantom Offers The real question is: does the phantom offer really exist! Maybe, and maybe not. A phantom offer, ...

Tagged with: phontom offers bidding wars toronto

Multiple Offers in the Toronto Spring Market for 2014

April 10, 2014 - Updated: April 10, 2014Agreement of Purchase and Sale

Multiple Offers and Bidding Wars In Toronto’s competitive marketplace, buyers have to expect that they may be in a multiple offe ...

Tagged with: toronto spring 2014 multiple offers bidding wars

National Post Quotes Brian Madigan on Bidding Wars

March 28, 2014 - Updated: March 28, 2014Buyers

National Post Quotes Brian Madigan on “Bidding Wars” I thought that I should mention that Susan Smith wrote an excellent a ...

Tagged with: bidding wars strategy 21 steps toronto gta

21 Tips to Help You Win Bidding Wars REVISITED March 2014

March 3, 2014 - Updated: March 3, 2014Agreement of Purchase and Sale

21 Tips to Help You Win Bidding Wars REVISITED I thought that it would make sense to have a look at this topic once again. Several yea ...

Tagged with: bidding wars toronto gta spring market 2014

21 Tips to Help You Win A Bidding War

February 26, 2014 - Updated: February 26, 2014Agreement of Purchase and Sale

21 Tips to Help You Win Bidding Wars Everyone wants to win the bidding war, but just how do you go about it. So, here are so ...

Tagged with: bidding wars tips conditions inspections price toronto gta

Delivering the Self-Destructing Offer

December 22, 2013 - Updated: December 22, 2013Agreement of Purchase and Sale

If you have a self-destructing Offer, you obviously need to know how to deliver it, in order to make it work. Basically, you need to h ...

Tagged with: bidding wars delivery self-destructing offer ontario law

The Self-Destructing Offer May Help with Bidding Wars!

December 21, 2013 - Updated: July 21, 2015Agreement of Purchase and Sale

Self-Destructing Offer Sometimes, it would be good to have a self-destructing Offer! That means one that starts off as an O ...

Tagged with: bidding wars self-destructing offer self-exploding clause agreements ontario law

Real Estate Legislation Changes November 2013

November 29, 2013 - Updated: November 29, 2013Real Estate Agents

There are some changes to the Real Estate and Business Brokers Act, 2002. They just passed 3rd Reading and are expected to come into f ...

Tagged with: rebba 2002 commissions multiple offers bidding wars ontario law

REBBA 2002 (2013 Amendments)

April 22, 2013 - Updated: April 22, 2013Consumer Protection

You might wonder if the Legislature is finally getting around to making some of the much needed changes to the Real Estate and Business Brokers ...

Tagged with: real estate act rebba 2002 amendments phontom offers bidding wars

Bidding Wars and Fake Offers

April 21, 2013 - Updated: April 21, 2013Consumer Protection

In the Toronto market, bidding wars have been commonplace and each Spring the setting is very much the same. You decide to submit an O ...

Tagged with: bidding wars legislation changes rebba 2002 disclosure

Brian Madigan LL.B. Broker

RE/MAX West Realty Inc. Brokerage

Independently owned and operated

96 Rexdale Blvd. , Toronto Ontario,

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