selling

BCFSA – What Is A Bully Offer?

But sometimes buyers wait for the seller’s offer presentation date, only to find out the property has been sold before the date arrives. How does this happen? It may be that the seller has accepted a pre-emptive offer – often referred to as a “bully” offer. These are offers that expire before the date and time set by the seller for offer presentation. While submitting or accepting a bully offer is not illegal, there are risks that buyers and sellers should be aware of.

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Land Owner Transparency Act (“LOTA”) and the Land Owner Transparency Register (“LOTR”)

You are about to hear a lot more about the Land Owner Transparency Act (“LOTA”) and the Land Owner Transparency Register (“LOTR”) between now and Dec. 1, 2020. Tony Spagnuolo is keeping us updated so we can keep you informed.

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