Looking outside the bidding box
On The Block, a Toronto based brokerage is offering home buyers and sellers an alternate method of approach when buying or selling a home. An open, online auction instead of the current standard of blind offers is becoming the manner of choice for some home owners when putting their houses on the market. In this article, read how the Ontario Real Estate Association has asked the province to revamp the Real Estate & Business Brokers Act to allow agents to disclose not only the offer price but other elements of the bid to potential buyers when multiple offers are on the table. The move could potentially benefit buyers and sellers alike.