Toronto Star Article on the Bidding wars in Toronto
There was a very interesting article in the Toronto Star this weekend about the process buying a home with a real estate agent in a hot market. Here is an excerpt from the article and a link …
“The process is conducted in the dark by real estate agents working on commission and with a vested interest in the highest possible price.”
“It seems designed to boost uncertainty for potential buyers, inflate housing prices (not to mention commissions) and reduce overall transparency.”
“A hot sellers’ market is partly the cause. But there seems to be more quality control and consumer protection when buying a car or a litre of milk than when making the biggest purchase in most people’s lives.”
The entire story can be read at :
http://www.thestar.com/article/238280
