I don't like how the seller countered our offer

The sellers do not have to do any negotiating and in the case of multiple offers, higher than the price selection and other factors come into the eenie meenie miney moe. Buyer may not like the competition of others at the property buyer lunch counter, but as long as the ground rules are spelled out. About make it one time,  your highest and best, consider all the ingredients from down payment size, time frame to close and easy does... make it weight watchers, high school skinny on the degree of contingency weight, add ons. They had the option to go over the top to secure the sale. Or they walked and wait for another property listing to come by that they wolf whistle, chase down

No matter how strong a market is, I've found that many home buyers still think they can bargain their way into a home and that a seller needs to dance to their tune. Not so.... and in multiple offer, forget about it!

Dorie I do love that form!  Like you, I have had many mixed reactions to it.  It is even worded nicely - "Invitation" rather than "REJECTION"!

Dorie

In this market buyers need to be prepared to make their best offer up front, at least in most caases since you do not know if you will get a sescond chance, espeically in the case of multiple offer. It's good to know the process that can be invoked in your area so buyers, and sellers, understand how it all works and there are no surprises. No doubt clients will be pleased to have this all explaind to them

Have a great weekend!

Hi Dorie- Love the post... unfortunately, the buyers are looking at reruns on HGTV when it was a buyers market and continuing to believe the buyer market still exists.  

Seller's Invitation to Buyer to Submit a New Offer.  I just about fell out of my chair as that's the best title I've seen in a while for a form.  Nevertheless it's interesting how other market areas handle multiple offers, even in my area it seems that individual agents have taken a slightly different approach.

I guess that form would be better received that a reject to the offer.  just regroupand resubmit.   Nothing to it really if you want to stay in the game.

Great post and a new agent response indeed. Head on over to the Broker ask questions get advice and respond to the offer quickly as the potential buyer will move in a response. 

I love that form..."Seller’s Invitation to Buyer to Submit New Offer"

I love that form name; it's got that gentle Southern feeling to it (I know...Texas, but it's still sort so Southern, isn't it).

That's better than what we often see here in the Washington DC area which is either no counter, or a full priced counter.  Both of those responses are more in-your-face. 

I'm going to smile for the next few weeks when this situation comes up, and I'll wish I had the "Invitation" Addendum.

Good luck to those buyers with the next home.

Dorie, experience rings loud and clear. This agent ought to stick to you like glue for awhile

Interesting form. Here they just call for highest and best offer. Listing agent usually sends an email. First with the most is the winner most times.

I would love to see the form.  It is important for buyer to work with professional who can assist them in a situation where there is more than 1 offer on the table.

Dorie Dillard makes sense in this market - buyers have to come up with their best offer! And yes, listing agents work for sellers and can counter/accept/reject!

Well, if it was me, I would have felt the same. The seller is in full control unless he has no one else to sell to.

We are often asked for our best and final offer when there are multiple offers. The seller never names the price they want (maybe they'll get more!)

We have a similar form in NC.  Its purpose is to allow the seller to respond without making a counteroffer, so he can respond to several offers at once if he wants to.   

When the Real Estate play becomes serious...then we find out who's who

I have been involved in 'Multiple Offer' situations and different agents have had different ways of dealing with them.

Hi Dorie -- knowing the local real estate landscape where the various customs, forms, disclosures only helps buyers and sellers succeed.   In many areas of the country, the competition is intense and it pays to be prepared and act accordingly.