News for hackers. Stuff that matters.

A comment on Canada bans foreign home buyers for two years. Parent comment

Re:Canada bans foreign home buyers for two years by mensetmanusman on Tuesday April 19, 2022 @10:38AM (#31083748)
Bidders out-bid themselves?!

That is messed up…

[ Parent | on HN ]
Re:Canada bans foreign home buyers for two years by data-ottawa on Tuesday April 19, 2022 @12:57PM (#31085711)
That happens, hard to say how often, but it happened to us.

On my current house they said there was another competing offer and it was a close choice, they asked if we wanted to increase our bid to be more competitive. We dropped it by $15k and it turned out the competing offer wasn’t even close to our initial offer. They just wanted to know if we’d throw in $5k or $10k more.

[ Parent | on HN ]