The Canadian Real Estate Association (CREA) has officially announced the nationwide launch of the REALTOR.ca open offer system, providing additional information on competing offers to realtors and potential buyers. In this episode, Ariel Kormendy and Adrian Trott debate whether this new program will be a solution to escalating house prices or add fuel to the heated market. Find out how this will affect buyers' and sellers' strategies and what you should look out for as a consumer. Watch Episode 229 now to learn more! ************************ 0:12 – Intro 1:26 – Open Offers will see real-time offer tracking show up on a property’s listing page 9:09 – Open bidding could stimulate house prices 10:17 – Always refer to your realtor 14:44 – Open bidding could backfire on sellers 18:28 – A new bid will reset the offer's end time ************************ Want more real estate podcast discussions? Watch it here: youtu.be/uLhNb8fdHt4 Listen to it here: http://www.soundcloud.com/ktrealty Catch clips and highlights of the show here: http://www.instagram.com/kormendytrott ************************ Our Social: Instagram: www.instagram.com/kormendytrott
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TikTok: www.tiktok.com/@kormendytrott?lang=en ************************ After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.