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The Escape Clause, AKA ‘The Bump Clause’

Sometimes conditional offers have within their conditions an ‘escape clause’.  An escape clause is commonly found when there are conditions within an offer that will take longer than the typical 7-10 day time frame for the Buyer to meet.  A good example of this type of situation would be an offer conditional on the sale […]

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Real Estate Negotiations

Negotiating for a Successful Outcome

Negotiating for a successful outcome in real estate negotiations is a critical skill that is often under valued and over looked by both professionals as well buyers and sellers alike. Often times an offer will come in lower than asking, and rather than negotiating for a successful outcome, the offer will be outright rejected. Both buyers […]

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Sticker Shock- Reality Versus Perception in Real Estate Pricing

When it comes to real estate pricing, the strategy that you employ when pricing your home is perhaps one of the most critical components of actually selling your home.  You can list it at whatever price you like, but at the end of the day, if potential buyers are being hit with sticker shock at […]

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What is an Irrevocable Period in Real Estate?

What exactly is an Irrevocable Period in Real Estate?  As Real Estate Agents, we use the term all the time, but most Buyers and Sellers are likely not entirely sure exactly what this ‘irrevocable period’ is. Simply explained, the irrevocable period of an offer is the time during which that offer can no longer be changed […]

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Buying a House in Thunder Bay after an Open House

So, you are considering buying a house in Thunder Bay, and you went through an Open House this weekend, and you loved the house, and now you want to buy it- what do you do next?  For many home buyers who have not yet sat down with a Real Estate Agent to discuss the process of […]

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