Buyers need to be informed when making an offer on property in Calgary. For the typical purchaser the days are gone where you can make "low ball offers". The buyer should be asking are we in competition? Are there multiple offers? If the property has just been listed the seller is expecting full list price, or more. If the property is in good location, in great condition and priced for the market then expect multiple offers. 3 to 5 offers are not uncommon, or even more. It can be frustrating for buyers, but due to low inventory, buyers have to account for competition.
Useful Advice for mutiple offer situations
How do buyers make offer in Calgary market? Muitiple Offers are common.
