Ontario may allow disclosure of prices in real estate bidding wars

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Ontario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars.

 

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Ontario may allow disclosure of prices in real estate bidding warsOntario is considering allowing realtors to tell prospective home buyers the prices of other offers in bidding wars. This should 100% be done. I've heard of situations where sellers pay 'bidders' to enter lowball offers so that real estate agents can say 'we have another offer. please increase your bid.' Process needs to be more transparent. Nah, thats just wrong. If you're a impulsive buyer, it's not going to help you. It will only egg you on to bid higher and higher, like you're at a live auction to outbid another buyer. It's ridiculous they don't
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