multiple offer scenarios: I'm sorry I Just Can't Answer Your Question
- 02/19/11 11:51 AM
It is never easy to be on either side of a multiple offer situation. Whether you are representing the buyer who doesn't understand why their offer wasn't selected or representing the seller who had to make the choice between offers.
Over the last few weeks I've had a couple of properties where multiple offers were received in a matter of days. The owners had some tough decisions to make. Not one that I envy them having to make. My role is to provide guidance, not make the final decision for them. I can't disclose to the buyer's agent or the buyer's … (38 comments)
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multiple offer scenarios: Highest and Best are Not Synonymous
- 02/23/10 07:13 AM
We see it all the time in the MLS. Multiple offers received please submit your highest AND best offer by Tuesday at 5PM.
Yet highest and best do not always go together. A few months ago one of my listings garnered multiple offers. Some of them were well above the list price and though it was tempting to think big bucks, the sellers picked the BEST offer. After the property settled and the sales price posted in the MLS I got an email from an agent who had submitted a higher offer wanting to know why their offer wasn’t selected. … (89 comments)
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It is never easy to be on either side of a multiple offer situation. Whether you are representing the buyer who doesn't understand why their offer wasn't selected or representing the seller who had to make the choice between offers.
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