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Number of outstanding disclosure packages Number of offers intended Number of offers received This seems to vary from region to region, but around here it's considered customary to share this information to ensure a "level playing field". The reason this information is provided is that it gives an accurate picture of the level of interest in the property. A (46 comments)
multiple offers: Your best offer...wasn't the best you could make - 05/09/12 02:59 PM
In many competitive real estate markets, home buyers are coached by their agents to write their "highest and best" offer to get the home. In a multiple offer situation (which is becoming more common again), a buyer has ONE SHOT to win. As a home buyer, you write your "best" offer but...not really. You probably held back a little, right? Real Estate Is Like Poker When it's the final table, last two players...you and the seller...you have to go "all in" to win. Take the Palo Alto market for example. You write a full price offer on a house listed at (35 comments)
multiple offers: I don't want to compete with multiple offers! - 11/03/11 11:01 AM
Buying a home in Silicon Valley, especially in "hot" markets such as Los Altos and Palo Alto, is a tough call for anyone trying to buy in the entry-level price ranges. Even now, as Fall rolls on and many buyers settle down for the holidays, multiple offers still rule many transactions. Most buyers are told that this time of year means less of these situations and many take a similar stance they did in the Spring - they don't want to compete. On a house recently listed in Los Altos, an offer date was set for yesterday and the seller was (9 comments)
multiple offers: Does it matter how many offers are on a house? - 10/12/11 09:50 AM
In Silicon Valley, multiple offers have become the rule and not the exception in many areas. One property taking offers tomorrow has 13 disclosure packages out and it's in a price range where the ratio of offers to packages is about 60%. If a home gets multiple offers, does it really matter how many there are? In short, yes. I'll tell you why.Around here, the typical ratio of disclosure packages to offers if 3:1. Meaning that if three packages go out, there will be one offer. Before writing an offer I'll call the listing agent to find out how many offers (36 comments)
multiple offers: What do you mean my all-cash offer lost!? - 04/23/11 10:19 AM
Welcome to sunny California! The land of million dollar shacks with lines of buyers waiting for them. Here in the prime markets of Silicon Valley you're welcome to make offers on many of the fine properties we have for sale. Just don't count on your all cash offer actually winning the house! You see, that house in Los Altos you've got your heart set on has 9 other offers - 8 of them are all cash too!In our local markets, demand is so high that multiple offers and all-cash offers are common. It's frustrating for an all-cash buyer willing to spend (6 comments)
multiple offers: The return of multiple offers on Los Altos Hills real estate - 03/29/11 03:42 PM
The real estate market in Los Altos Hills has been hit hard in recent years. Prices came down, inventory dropped, high-end luxury homes weren't selling and buyers were nowhere to be found. The general impression of buyers is that they can completely drive home prices in Los Altos Hills. While that was true in 2010 and earlier, it is no longer the case in 2011. The market is becoming much more balanced with overall sales increasing and the retrun of multiple offers on Los Altos Hills homes priced mainly in the $2-3 million range. As of today there are 16 single-family (2 comments)
Bryan Robertson, Real estate broker Los Altos & Silicon Valley Luxury Homes
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.