Is it possible for Seller to have TOO MANY OFFERS?

Is there such a thing as getting "too many offers?" Something is going on here in the Manchester NH area that I want to share. Two homes on the same street go on the market near the same time. Same style, same age, same size and similar condition.

Lets look at the first home. The Seller choose a Listing Agent that under priced the home at $310,000 to encourage a bidding war. They held all showings until a weekend open house. Held all offers until Monday at noon. They had well over 100 people through the home. They got 41 offers with the highest offer $30,000 over asking price.

Lets look at the second home. They chose a full service local agent who priced the home at market value. It was listed at $349,900. They started showings when the home was placed in MLS. They had 9 showings the first day and 7 offers. The home went under contract to a buyer putting 30% down on a conventional mortgage, The buyer waived the inspections and mortgage contingency.

Lets go back to house 1. The first buyer they chose with the highest offer actually put an offer on another home as they did not want to wait for the seller to decide and miss out on a home. The second buyer also at the same price, had an inspection contingency. But they were highest, so they took it. After the inspection, the buyer asked for a $15,000 reduction in price. The seller is very stressed and not sure where to turn. They did not think the home needed anything.

Meanwhile at home #2, the seller is relaxed and started packing. They were happy they were only inconvenienced for 1 day of showings. They are happy with how the selling process has gone.

Back at home #1, despite 41 offers, the home is back on the market. The seller feels lost in the selling process. They were put out of their house for a weekend and are now facing a repeat.

Back at house #2, the sellers of house #1 stop by to talk as they saw the "sale pending" sign up. Seller 1 tells seller 2 they chose an agent from an online search they saw on TV. Seller 2 tells seller 1 they chose me because their co-worker sold their house through me and loved the experience.

THE MORAL OF THE STORY is that more offers are not better. Bigger is not better. Flashy is not better. Just as well you do not need to have 100 people come through your home to find a buyer. Many times it is the first buyer. Further more you can see there is a flood of buyers. Many sellers think their home will sell itself. Many sellers also find out the hardest part of home selling is getting the sale to close.

Holding the house off the market for an open house does not always help the seller. Holding offers for a future date also does not always help the seller.

DOES IT REALLY MATTER WHO I LIST WITH?

Why not get top dollar and have a great selling experience, all while putting more money in your pocket?

Imagine a Real Estate agent who answers their phone when you call?

Imagine a Real Estate agent who works for you through each step of the selling process?

Imagine a Real Estate agent who makes the home selling process enjoyable?

Imagine a Real Estate agent who tells you not what you want to hear, but the hard truths and how to over come them?

Imagine a Real Estate agent who can reduce your stress with a goal to eliminate it?

Imagine a Real Estate agent who tells you what to expect during each step of the selling process?

Imagine a Real Estate agent who cares, is local, is available to talk to and is there for you?

Imagine a Real Estate agent who uses modern technology and old school customer service to help you through each step of the selling process?

THERE IS NOT NEED TO IMAGINE any longer. You have me. A locally owned Real Estate company that works for you. That is here for you and can help you will all aspects of the selling process.

WHAT SHOULD I DO NEXT IF I AM THINKING OF SELLING? You should reach out to me today. Email sctprop@aol.com or call me at 603.661.2121. I can come see your home. Tell you what it is worth in today's market. I can go over where you want to move to. I can go over your time frame. I come complete with tips how you can get top value and make the selling experience better. We can discuss if now is the time to sell or if you should wait. We discuss how to save you money while getting the best price for your home.

In the end, the most important thing in Real Estate for me is provide GREAT SERVICE. I want to stand out from the crowd. My philosophy is simple. To provide more personal and professional service to guide my clients through each step of the selling and buying process.

All agents are not created equal and every consumer should take the time to hire the BEST not just the biggest agent. Let me show you there is a difference. Please Support locally owned and operated business.

Locally owned and operated since 1985.