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multiple offers: If You Present Your Offer First – Do You Get Brownie Points? - 05/16/11 06:18 PM
I had two offers come in on one of my Destin Florida listings this week. One was received a day later than the first. Due to logistics, I presented both at the same time to my seller. The first offer was significantly higher. The second offer was ten percent lower than list price, and had no financing contingency. I advised the seller of her options: ask for “highest and best” from both parties, counter one, reject both or accept one. The seller chose to accept the higher offer.
During negotiations, there were misconceptions from both agents about presenting and accepting … (15 comments)
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multiple offers: Multiple Offers and The Seller Said “NO”! So?! - 10/28/10 07:27 PM
I don't enjoy multiple offer situations, do you? As a listing agent in Destin Florida, I occasionally run into these scenarios. Did you know you don’t automatically have permission to relay the existence of another offer unless your seller says you can?
Mouthful?
Check • Standard of Practice 1-15
REALTORS®, in response to inquiries from buyers or cooperating
brokers shall, with the sellers’ approval, disclose the existence of
offers on the property.
Anyway, I did have permission from my seller to disclose that I had another offer on his Destin property. Since I had two … (15 comments)
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multiple offers: Foreclosures: Multiple Offers- Deceipt & Subterfuge - 08/06/08 06:47 PM
Yesterday I was in the midst of a multiple offer situation. The property was a Destin foreclosure, a condo near the Gulf of Mexico. There were two offers, and the seller, a bank, asked for "highest and best offer" from each party, a standard practice in the foreclosure industry. While driving back to my office from an appointment, I received a call about the condo on my cell phone. Here is the conversation, I have changed names for the sake of confidentiality.
Buyer: "My name is Joe Garbled and I am calling about your Piper condo! What can you tell me about it?"
Wendy: "Are … (9 comments)
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Wendy Rulnick "Its Wendy!" Destin FL Short Sales
Destin,
FL
More about me…
Rulnick Realty, Inc.
Address: 12889 Emerald Coast Pkwy West, Ste. 107-A, Destin, FL, 32550
Office Phone: (877) 487-9639 x 204
Email Me
The market. Smart sellers. The Emerald Coast of Florida.
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