Real Estate Bidding Wars Are Back in 2024: What You Need to Know

As the housing landscape heats up, we’re seeing a significant return of bidding wars. This video is your ultimate guide to understanding why bidding wars have made a comeback and how you can navigate this competitive market, whether you’re buying or selling. Ariel Kormendy and Adrian Trott, with years of real estate under their belts, share their top strategies and shortcuts. They’re here to make your real estate adventure smoother and smarter, using all the insider tips and tricks they’ve picked up along the way.


0:14 – Intro
3:54 – The market can drastically change in short periods of time
5:29 – The confidence level of buyers is up
9:24 – People spend more in the warmer months
11:33 – People are more cautious and mindful in bidding wars this year
15:02 – An asking price does not have any perception to the actual value of the property
19:16 – For buyers, get an official mortgage approval from the bank
22:07 – It’s not a good idea to write a personal letter to a seller unless you are leasing
24:27 – Recap/outro


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In 2011, Ariel Kormendy and Adrian Trott formed The Kormendy Trott Team, now often referred to as KT (thanks to our logo!). The foundation of KT is built on providing unmatched value and attention to detail in everything we do. From our ever-expanding, comprehensive list of exclusive services to our expertly trained team, you will receive the highest level of care throughout your entire real estate journey.

Originally a team of two in Milton, Ontario, the KT Team has grown into a large team of exceptional REALTORS®, a client-care department, and now includes KT media, KT Commercial and KT Property Management to provide our clients with a complete lineup of genuine, professional, and proven services across Halton Region, Peel Region and the surrounding Regions within the Greater Toronto Area.

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