multiple counter offers: How does using the Multiple Counter Offer keep a short sale property Active in the MLS - 04/08/09 04:23 PM
Many real estate agents in Arizona who are listing short sales are utilizing a procedure that enables them to keep a short sale property "Active" in the MLS notwithstanding the fact that they are processing Offers on the subject property.
How is this being done? It's a bit complicated so read carefully.
The Listing agent will, with regard to the Offers in hand, sends each Offeror what is known as a Multiple Counter Offer (the "MCO"). The MCO(s) presents to each Offeror an opportunity to raise their original Offer to an amount higher than that set forth in the original Offer. … (0 comments)

 
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