not: Ontario Buyers Not Quite Ready for Auctions - 12/18/11 11:25 AM
Ontario Buyers Not Quite Ready for Auctions
Ontario Real Estate Source
By Brian Madigan LL.B.
It was promoted as the best and most exciting new way of selling real estate.
However, it was a bust and left many disappointed.
The Muskoka Wharf Project was set to be sold at auction. An experienced and well-qualified auctioneer was brought in from California.
One little problem: there was a reserve price set by the developer.
So, this really wasn’t just “winner take all”, the developer still had to agree to accept the bid.
In one case, the reserve price was double the winning … (0 comments)

 
Brian Madigan, LL.B., Broker (RE/MAX West Realty Inc., Brokerage (Toronto)) Rainmaker large

Brian Madigan

LL.B., Broker

Toronto, ON

More about me…

RE/MAX West Realty Inc., Brokerage (Toronto)

Address: Toronto, Mississauga, Oakville, Brampton, Caledon, Thornhill, Greater Toronto Area, http://www.iSourceRealEstate.com

Office: (416) 745-2300

Fax: (416) 745-1952

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