Re:Canada to ban foreigners from buying homes
by josho on Thursday April 07, 2022 @03:19PM
(#30949145)
If you have a good realtor they will confirm the competing offer exists.
Eg. my realtor called up the selling realtor and asked for the name of the realtor that submitted a competing offer. My realtor called the competing realtor to confirm they had a client that submitted an offer.
Yes, of course the two other realtors could conspire together. But, now instead of one dodgy realtor you have 2 and the probabilities go down further.
Is there fraud, I'm sure there is. But, I don't think it's a significant factor in the market.
Eg. my realtor called up the selling realtor and asked for the name of the realtor that submitted a competing offer. My realtor called the competing realtor to confirm they had a client that submitted an offer.
Yes, of course the two other realtors could conspire together. But, now instead of one dodgy realtor you have 2 and the probabilities go down further.
Is there fraud, I'm sure there is. But, I don't think it's a significant factor in the market.