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How Many Purchase Offers Do You Have?

By Elizabeth Weintraub Sacramento Broker

Real Estate Agent with Elizabeth Anne Weintraub, Broker DRE #00697006

October 07, 2012 01:17 AM

How many offers do you have? I can't count the number of times I answer my phone and am asked that question. First, I don't know which property the agent or buyer is asking me about because they don't identify it. Second, what difference does it make? What bloody difference does it make? Are you going to write your purchase offer any differently if we have 7 offers than if we have 22 offers?

If the question is do you have more than one offer, then ask that question. Don't ask how many offers we have because it doesn't matter, and it's not really any of your business.

Yesterday was a day to receive a ton of purchase offers. I'm not sure why it happened on a Saturday. I know that one of my listings had showings Friday morning, but that doesn't account for the other homes. I received a lot of purchase offers. When an agent has that many purchase offers, you can bet the agent is looking for a reason to suggest that the seller reject all but one.

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Elite Home Sales Team

Elite Home Sales Team OC - Corona del Mar, CA

A Tenacious and Skilled Real Estate Team

We did also. We received a large number of offers on a new home on the market.

Oct 07, 2012 01:20 AM

Gay E. Rosen

Julia B. Fee Sotheby's International Realty - Larchmont, NY

As Real as Real Estate Gets!

Hi Elizabeth- sounds like you are s[per busy right now and all good! Glad to hear you are receiving multiple purchase offers.. and you are so right.. it makes no difference how mnay - but the agent should make sure theirs is a good one!

Oct 07, 2012 01:20 AM

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

elizabeth, good for you - seems it's going to be a greart 4th quarter....keep it up!

Oct 07, 2012 01:22 AM

Larry O'Sullivan

Sandy, UT

Elizabeth - good points. I sense your frustration where you break into Australian idiom to get your feelings across.

Oct 07, 2012 01:39 AM

Edward & Celia Maddox

The Celtic Connection Realty - Queen Creek, AZ

EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

You are right on. You could have ten good ones or ten bad ones.

Oct 07, 2012 01:59 AM

Chris Ann Cleland

Long and Foster Real Estate - Gainesville, VA

Associate Broker, Bristow, VA

I have to laugh when you ask if someone is going to write their offer idfferently if there are 7 or 22 offers on the home. It's true. They might write it differently if there is already an offer, but why they need to know how many offers you have is beyond me.

Oct 07, 2012 02:07 AM

David Grbich

Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA

Orange County Real Estate - 949-500-0484

In this market they should assume you have good offers and write their best offer. Regards Dave

Oct 07, 2012 02:52 AM

Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC Calabasas CA

Good thing that you answer the phone:)

i'm curious how you answer them, do you send a response( email?) to each of them?

Inventory is so low these days.....Seems like most short sales have 20+ offers here.....

Oct 07, 2012 04:09 AM

Myrl Jeffcoat

Sacramento, CA

Greater Sacramento Realtor - Retired

I'm guilty of having been one of those agents, who asks that question. You make valid points. However, it can make a psychological difference if a homebuyer knows there are other offers or not. For example, a buyer who really likes the house, will be more apt to make a better offer than they might otherwise have, if they know others are interested in the property too. And some buyers don't wish to get into a bidding war, and simply walk away. If I ask a listing agent the question, it is likely because I've been prompted to by a buyer.

Oct 07, 2012 05:36 AM

Kate Elim

Dockside Realty - Spotsylvania, VA

Realtor 540-226-1964, Selling Homes & Land a

Hi Elizabeth...I was on the writing end. Either side is OK with me but I am hoping to get some pther offers on my listings as business is pretty brisk right now at Lake Anna.

Congratulations on your offers. Multiple ones demand more thought but well worth the time and a good reflection of the current market.

Kate

Oct 07, 2012 08:21 AM

Michelle Gibson

Hansen Real Estate Group Inc. - Wellington, FL

REALTOR

Elizabeth - You are absolutely right, regardless if it's 7 or 22 it doesn't matter.

Oct 07, 2012 08:58 AM

Melissa Zavala

Broadpoint Properties - Escondido, CA

Broker, Escondido Real Estate, San Diego County

Hi Elizabeth. I'm sure that you always have lots of phone messages like this: "I'm calling about your listing. Is it still available?" You call back and tell the caller that you need to know the address, and they do not know which property they called you about. Every happen to you?

Oct 07, 2012 11:33 AM

Elizabeth Weintraub Sacramento Broker

Elizabeth Anne Weintraub, Broker - Sacramento, CA

Put 40 years of experience to work for you

Inna: I return every phone call that I can understand the phone number left on my v/m but often the numbers are garbled.

Oh, Myrl, every agent has multiple offers if the property is halfway decent. Really, you don't have to ask in this market. You might have to ask if it's still worth it to send in an offer, though. LOL.

Melissa: It doesn't happen to me because my buyer's agents answer those calls. Most buyers in Sacramento aren't out driving around calling from signs -- they are looking online and emailing.

Oct 07, 2012 11:42 AM

James Dray

Fathom Realty - Bentonville, AR

Morning Elizabeth now listen young lady why don't you stop sitting on top of the fence and tell us what you really think. I tell you speak your mind and get it off your chest.

Oct 07, 2012 09:35 PM