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<title>blogTO Recent Comments: Don't Lose Your Head: How to Survive a Bidding War</title>
<link>http://www.blogto.com/feed/recentcomments/?5073</link>
<description>Comments recently made in this post on blogTO</description>
<copyright>Copyright 2009</copyright>
<lastBuildDate>Sat, 21 Nov 2009 23:24:00 PST</lastBuildDate>
<item>
<title>amanda</title>
<description><![CDATA[
your fifth point is well taken, a good EXIT strategy is a good idea. well done andrew. b & c should take note and l & i will try to keep our heads on in our future bidding wars.]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c144334</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c144334</guid>
<category>Toronto, City</category>
<pubDate>Thu, 03 May 2007 01:44:51 PDT</pubDate>
</item>
<item>
<title>Cave Spot</title>
<description><![CDATA[
There are only a few high demand areas in Toronto that are still attracting bidding wars.  Most of the city and surrounding area is seeing more balanced markets now.

Cave Spot
http://www.cavespot.com
Toronto Real Estate Discussion Forum]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c142611</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c142611</guid>
<category>Toronto, City</category>
<pubDate>Sun, 29 Apr 2007 14:14:03 PDT</pubDate>
</item>
<item>
<title>Andrew (author)</title>
<description><![CDATA[
Words of wisdom Leah. Words of wisdom.]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141744</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141744</guid>
<category>Toronto, City</category>
<pubDate>Fri, 27 Apr 2007 11:29:51 PDT</pubDate>
</item>
<item>
<title>Leah</title>
<description><![CDATA[
My boyfriend and I just went through this.  We found a place we really liked and decided to put an offer on it.  It was around 550 sq ft and one of the things we liked about it was how economical it was.  The people selling decided to accept offers at a set time and there were 4 offers put in.  The bidding put the price WAY up immediately and we were asked if we wanted to adjust our price.  What was a small, affordable place had just become a small, unaffordable place so we decided to exit.  We were disappointed but we knew we'd find something else -- and we did a week later. 

We found an older building that had recently been renovated and were able to get a 1000 sq ft place for the same price!  We were the first to put in an offer and it was accepted right away.  We love our new place and can't wait to take possession.  

My advice is to not get too upset if you lose out of a bidding war because sometimes you find something even better than the place you initially thought was 'perfect'.  ]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141712</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141712</guid>
<category>Toronto, City</category>
<pubDate>Fri, 27 Apr 2007 09:26:45 PDT</pubDate>
</item>
<item>
<title>Andrew (author)</title>
<description><![CDATA[
Jack, bidding wars are a direct result of basic supply and demand principles.  There are more buyers than sellers in the market right now, hence rising prices and bidding wars. 

Jonathan, you're correct, downtown condos represent only a small proportion of housing in this city.]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141550</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141550</guid>
<category>Toronto, City</category>
<pubDate>Thu, 26 Apr 2007 17:38:17 PDT</pubDate>
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<item>
<title>Jonathan</title>
<description><![CDATA[
There's far more to the real-estate market in Toronto than condo units downtown.
I'd also suspect that the majority of buyers aren't even considering them.]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141531</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141531</guid>
<category>Toronto, City</category>
<pubDate>Thu, 26 Apr 2007 15:30:34 PDT</pubDate>
</item>
<item>
<title>Jack</title>
<description><![CDATA[
it doesn't make sense for this city to have a bidding war considering the supply of condo units is so high in downtown toronto.. I don't believe the population growth is keeping pace with the supply]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141521</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141521</guid>
<category>Toronto, City</category>
<pubDate>Thu, 26 Apr 2007 14:34:51 PDT</pubDate>
</item>
<item>
<title>Andrew (author)</title>
<description><![CDATA[
Thanks for the feedback Beth and Chris.

Sounds like you after only 2 years in our city you are a Toronto real estate veteran, Beth!

Chris, brace yourself for a wild ride!

]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141499</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141499</guid>
<category>Toronto, City</category>
<pubDate>Thu, 26 Apr 2007 12:36:30 PDT</pubDate>
</item>
<item>
<title>chris</title>
<description><![CDATA[
huh - not a post i was expecting to read here, but really great to see!  the variety should be encouraged.  as one who is just getting psyched to enter the market, this kind of candid stuff is a great read.]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141490</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141490</guid>
<category>Toronto, City</category>
<pubDate>Thu, 26 Apr 2007 11:54:38 PDT</pubDate>
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<item>
<title>Beth</title>
<description><![CDATA[
I moved here from San Francisco 2 years ago (where the real estate war is second only to Manhattan), and Toronto really surprised me. It absolutely IS crazy in the downtown core.  We just bought a house in Roncesvalles village, and I can tell you from recent experience that all of these tips are SPOT ON.  It took us 3 tries before we won the bidding war (the first house having 10 bids and going 21% over asking - craziness).   Knowing the true value of the house helped make loosing sting less, because we knew that they overpaid and we stuck to our guns and didn't.   It also helped us to wait to submit our bid until just before offers were due, because we could gauge from the house insections and registered bids just how bad the war would be.

]]>
</description>
<link>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141482</link>
<guid>http://www.blogto.com/city/2007/04/dont_lose_your_head_how_to_survive_a_bidding_war/#c141482</guid>
<category>Toronto, City</category>
<pubDate>Thu, 26 Apr 2007 11:25:00 PDT</pubDate>
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