Quote from: JimboToronto on Today at 06:00:28 PM

Quote from: Biodom on Today at 05:20:56 PM

Quote from: JimboToronto on Today at 05:10:07 PM

we added an extra $100kCAD an hour before the vendor was considering all the offers. The extra hundred grand was nothing compared to the millions by which our coins increased in value while we patiently waited.

Wow, that's a pretty good vendor intel right there.
Is it typical in Canada to be told the decision time by an hour?
I never heard about it here, where they just vaguely tell you that a better offer was received.
One time my buying agent was clearly in cahoots with the selling agent (that is completely illegal)-we even had to have a consult with a lawyer.

On Wednesday when I made an appointment with my agent to put together an offer and meet me on Thursday to sign it, there were no other offers.

On Thursday when I met her to sign, she said the vendor's agent had told her there was another offer. I signed for the asking price. I trust my agent but I don't know the vendor's agent.

Then later that afternoon she called to tell me there was yet another offer. She also said that the vendor's agent told her that the vendor and his lawyer were going to meet with him at noon the next day to assess all three offers.

Later that night after clearing my head with a few drinks, I was suspicious about the flurry of last-minute offers. I realized that maybe the other agent wasn't being completely forthcoming about all the offers and maybe he was holding back an offer where he stood to make both ends of the commission by representing both the vendor and the purchaser. That's when I decided to throw in the extra $100k and waive several conditions to make a preemptive strike and make sure we got the lake.

I met my agent at 9:30AM on Friday, initialed all the changes to the offer and she got it to the vendor's agent around 11:00AM.

Talk about the eleventh hour!

Are you sure there were other offers and you didn’t just bid against yourself? Real estate is a real scummy business.