As we head into spring, Northern Ontario’s real estate market is heating up. With more buyers entering the market, bidding wars are making a comeback. If you’re preparing to buy a home, you’ll need to craft a smart offer that stands out from the rest. Today, we're sharing five strategies to help you win in multiple-offer situations.
1. Consider an Unconditional Offer
Sellers love certainty, and the fewer conditions in your offer, the stronger it looks. While going unconditional can be risky, you can protect yourself with pre-inspections, solid financing approval, and backup funds in case of appraisal gaps.
2. Think Carefully About “Love Letters”
Buyer letters can sway sellers when two offers are very close, but they’re controversial and even banned in some regions due to fairness concerns. In some cases, they may help—but they can also backfire.
3. Increase Your Deposit
A larger deposit shows commitment and financial strength. While $5,000 is a baseline, putting down $10,000–$20,000 or more signals to sellers that you’re serious about closing.
4. Be Flexible With Closing Dates
Sometimes sellers prioritize timing over price. Offering flexibility—whether a quick closing or extra time for them to move—can give your offer the edge.
5. Stay Flexible on Terms & Chattels
It’s not always about price. Sellers may want to take appliances, hot tubs, or even unique items. Showing flexibility on inclusions can make your offer more attractive in a tight competition.
Bottom Line: In a competitive market, it’s not always the highest price that wins. It’s the offer that gives sellers the most confidence and convenience.