Multiple offers-competing home offers. You can write the best offer in the world but a competent listing agent is likely to advise the seller to counter all the multiple offers, How to Handle Multiple Offers Over Appraised Value.
Review buyer ‘extras’. Getting multiple offers when you sell your home can be exciting. But by considering all parts of the offers, including price, contingencies and ability to close, you can successfully handle multiple offers on your house and sign the best contract.
So I thought it might be helpful to write up an explanation of how multiple offer situations work, with some recommendations as to how sellers and agents should handle them. What is a Multiple Offer Situation? A "multiple offer situation" is simply one where two or more buyers are making simultaneous offers on the same listing.
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offers their seller-clients have made. Finally, buyers and sellers need to appreciate that in multiple offer situations only one offer will result in a sale, and the other buyers will often be disappointed their offers were not accepted. While little can be done to assuage that disappointment, fair and honest
Dealing With Multiple Offers On A Home For Sale. In an active real estate market when a home is properly prepared and priced right the chances of a buyer or seller facing the situation of multiple offers on a home is increased. By handling a multiple offer situation properly both home buyers and sellers can ensure success on their part.
While the listing broker can offer suggestions and advice, decisions about how offers will be presented – and dealt with – are made by the seller – not by the listing broker. There are advantages and disadvantages to the various negotiating strategies you can employ in multiple offer negotiations.
Information for Buyers. Sellers have several ways to deal with multiple offers. Sellers can accept the "best" offer; they can inform all potential purchasers that other offers are "on the table"; they can "counter" one offer while putting the other offers to the side awaiting a decision on the counter-offer; or they can "counter" one offer and reject the others.
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