won a lot of competing offers because the listing agent gave my buyer a chance to match the best offer simply because they knew me and liked me. We usually won't know what the other offers are. In Canada we generally don't disclose what the other offers are. I say generally because the seller can choose to disclose if they wish, but they often don't. The listing agent takes all the offers and presents them to the seller. The seller can choose to counter one of the offers or simply accept one of them. There is no guarantee your offer will be countered so you want to put your best foot forward. In multiple offer situations its most likely the home will sell close to the asking price or even above so you must be willing to step up to the plate. Many people struggle with paying the full asking price (lenses) or above asking but in a sellers' market you just might have to. It's not always a bad thing to pay more than the asking price but be smart and look at the upside and consider how much this home checks the boxes for you. Showing your intentions by making a large, good faith deposit and can also convince the owner of your commitment. Real Estate Brokerages and Law Firms hold trust accounts that are protected so your deposit regardless of the amount is secure. Negotiating the price can be a stressful period in the home- buying process that's why a good Real Estate Agent can give good advice along the way with data and experience to make the stress a little easier and make the decisions you'll be making easier. Just remember to have patience and if things don't work out on one home there will be others.
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