According to a 2014 Globe and Mail article, more Canadians are willing to go into a bidding war to buy a home than ever before. Respondents in BC and the Prairies ranked the highest, with 38% in both provinces claiming they would consider it.

If you find yourself in a situation with multiple bidders, how can you protect your interests as a potential buyer?

When there are competing offers on a home, there’s no guarantee that you’ll win the bid, and it’s important not to get carried away in the excitement of the process.

 

Don’t overpay

You may think this is your dream home; the home you can’t live without. Chances are, there are other homes that are just as perfect for you, and they may not have competing offers. Revisiting the house a second time can help you look at it more objectively. Keeping a level head is important; as with any negotiation, if you care at all about getting a good deal, you have to be prepared to walk away.

Ask your Realtor® what the fair market value of the home is, based on similar houses that are being sold in the neighbourhood. Keep that figure in mind as you calculate how much you are willing to bid, and what someone else might realistically think about bidding for it.

 

Decide on an upper limit

Decide on your upper limit before you start bidding. Any offer you make must be one you can afford to make. At the same time, don’t begin with a very low offer in a situation where there are multiple bidders; you may not be given the opportunity to improve it. Start with an offer you think is fair based on the market value.

 

Learn about the seller’s needs

Find out what the seller’s needs are around the closing date and accommodate those needs if you can, whether they are hoping for an earlier or later close than you might expect. This could make the difference between them accepting your bid or somebody else’s.

Adding inclusions to your offer that aren’t mentioned in the listing (such as appliances) isn’t a great idea in a situation where there are competing offers. You want to make your bid as attractive as possible to the seller.

 

The Realtors® at Team Powerhouse Realty are experts in multiple offers and can help you with the process to greatly improve your odds. Give us a call!

 

Cam McLeod

Pursuing a successful real estate career in beautiful Prince George has been an amazing opportunity for me. I pride myself on high standards, professionally and ethically, and I work hard to get my clients the results they are looking for. Home renovation projects are a passion of mine, and I enjoy discussing how buyers can adapt properties to suit their needs.

I like to tackle projects that are both creative and technical, and I’m often tinkering with Hot Rods and motorbikes. I also host a local radio show, which has been a great way to express myself. I look forward to the future and to working with you to achieve your real estate goals.

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Office: 250.563.1000
Mobile: 250.981.6774
Fax: 250.563.1005

Chris Lodge

Hi, my name is Chris Lodge and I am in my sixth year of selling Real Estate in Prince George and Fort St. James. I have always loved houses, whether it be fluffing, decorating, renovating, preparing them for sale or selling them I am in my element.

I am professional, knowledgeable and personable and I would love to help you sell your home or help you find one that suit’s you needs. I try very hard to offer my clients a stress-less, drama free Real Estate experience. I will do my best to meet and hopefully exceed your expectations of a Real Estate Professional.

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Office: 250.563.1000
Mobile: 250.614.3727
Fax: 250.563.1005
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Crystal Brown

My name is Crystal Brown, REALTOR® at Team Powerhouse Realty. My career as a professional agent began in May 2015. Since then I have enjoyed many successes in helping people buy and sell homes.

I have lived in Prince George for nearly 20 years. During that time I have been actively involved in the community through my business and personal life, and have also taken on a variety of volunteer positions. I have built valuable networks and a deep understanding of the city and its people. I use that knowledge every day when advising residents and newcomers on their next move. Great relationships are the foundation of true success.

I continue to look ahead to the future of real estate with excitement and determination as I see many opportunities for growth in my business, as well as in my community.

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Office: 250.563.1000
Mobile: 250.981.4620
Fax: 250.563.1005
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Mark McVey

I am a long-term resident of Prince George and have been selling real estate here since 1997. I am CEO at Team Powerhouse Realty, a company I co-founded in 2007. I have a passion for helping people, and get great fulfillment out of negotiating the best terms for my loyal clientele.

I love sharing my real estate skills and knowledge with others, and am a Buffini & Company Certified Mentor. In addition to my busy work schedule, I am also actively involved in men's soccer, the Cinema CNC Film Festival and PG Roadrunners. I am also a RYT200 Certified Yoga Instructor.

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Office: 250.563.1000
Mobile: 250.649.6275
Fax: 250.563.1005

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Brad Messum

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Office: 250.563.1000
Mobile: 250.552.9860
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Brian Steinhauser

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Mobile: 778.349.0520
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Keven Braet

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Office: 250.563.1000
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Ashley Quickfall

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Kristine Newell

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Lindsey Kuemper

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Lori Cruddas

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Matt Steinbach

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Melanie Lupul

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Office: 250.563.1000
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Rick Kerbrat

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Rick Mayhew

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Robin Choi

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Tim Higham

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Don Kehler

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Harry Backlin

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Office: 250.562.8952
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Matt Vigue

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Office: 250.596.2100
Mobile: 250.961.7727
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Steve Andersen

Like most realtors I began my real estate career doing residential sales, and since I live on a rural property I really enjoy doing the more complicated country property sales.

While I still enjoy helping buyers and sellers with their housing needs I have transitioned over to doing more commercial sales and leasing. I find this both interesting and challenging and feel my skills are well suited to dealing with complicated commercial/industrial/business real estate transactions.

I endeavour to provide exceptional professional service to my clients putting their needs first so they trust me, enjoy dealing with me and recommend me to their friends and acquaintances.

On a personal level I am married with two children, have lived in Prince George since childhood and have always been a real outdoorsman. Prince George has so much to offer, is a great place to raise children and I really enjoy taking the family on camping and fishing trips throughout the Prince George area and our beautiful province.

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Office: 250.563.1000
Mobile: 250.617.3926
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Rolf Van Driesum

Rolf was born and raised in Prince George, BC. A previous career in construction and current involvement in the mining industry provide him with an unparalleled insight into market trends and commercial opportunities throughout the region.

Rolf is driven by a desire to provide leadership in a number of capacities, both locally and internationally. He is engaged in development opportunities in Thailand, Myanmar, and the Dominican Republic as well as in British Columbia. Rolf joined Team Powerhouse Realty in 2011, and has since become part of the management team.

Rolf is also a husband, father to four and grandfather to four. He is a member of the Westwood Church.

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Office: 250.563.1000
Mobile: 250.613.8777
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Ashley Woods

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Phone: 250.961.2305

Sarah White

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Office: 250.563.1000
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Rebecca Worthington

I work by referral helping buyers, sellers and investors stay focused on their big picture goals while I focus on the details. Exceptional client care, current market expertise and strong negotiating tactics are paramount to my business. I specialize in family homes and investment properties.

My husband and I were both born and raised in Prince George and are now raising our beautiful four daughters here. This is a wonderful community to be a part of as it has so much to offer.

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Office: 250.563.1000
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