multiple offers: One Way To Get Your Buyer A Property In This Difficult Market.
- 06/28/13 09:47 PM
This article was written in June 2009. It was a good strategy then and still is. My Buyer only wants one house. Why make 14 offers? - 06/24/09 Making offers on Multiple properties. Do your Buyers do it? Mine do. And here’s why. In the Central Florida market right now REOs (bank owned properties) make up a HUGE percentage of the saleable inventory of homes. Most sell very quickly, for higher than listing price and with multiple offers. This can be very frustrating for Buyers and their agents. It seems like every time you make an offer on a REO … (3 comments)
multiple offers: Whether Or Not We Have Multiple Offers Is None Of Your Business
- 07/09/12 09:46 PM
Hi folks. I’ve read a couple of posts recently that have left me scratching my head. Both were about listing agents and their “unethical” practice of not handling multiple offers according to the Buyer agent’s expectations.In the comments on these posts the listing agents were called lazy, unethical, unprofessional, bad, rude, unfair and greedy. The consensus was that “The listing agent was not looking out for the Seller‘s best interest.”Well my question is: “How do you know what’s in my Seller’s best interest”. The answer of course is “you don’t“. You have no clue what my Seller and I have … (187 comments)
multiple offers: Making Mutiple Offers On REO Properties. Risky or Practical?
- 12/11/10 01:11 AM
Well my answer is easy.....practical. And here's why based on a real life example from this week. REOs (foreclosures) in my area of Poinciana Florida make up 25% of the inventory of homes for sale but 60% of the closed transactions (last 90 days)!! What that means is that REOs are by far the best deals and are flying off the shelves. They also sell for 100% of the asking price. The foreclosure market in Poinciana Florida is very, very competitive. Most of these foreclosures are being bought by Investors looking for good rental properties. On average they are able … (20 comments)
multiple offers: How to win the battle of "Highest and Best" offer!
- 06/09/10 05:43 AM
Solivita Downtown Hi Folks. As some of you may know TLW and I have just bought a new home. It was quite the journey as we were focused on one specific community, one specific street and it had to be an even number address so it would back into the conservation area. Not too picky. Anyway, we were good qualified Buyers. So like any good qualified Buyer we decided we needed a Broker to help us out. We hired Broker Bryant. Wait a minute.....that's me!! OK so I guess we didn't hire a Broker since I am already the best … (83 comments)
multiple offers: Disclose multiple offers? Sorry...it's none of your buisness!
- 08/12/09 06:30 AM
Hi folks. I’ve read a couple of posts this week that have left me scratching my head. Both were about listing agents and their “unethical” practice of not handling multiple offers according to the Buyer agent’s expectations.In the comments on these posts the listing agents were called lazy, unethical, unprofessional, bad, rude, unfair and greedy. The consensus was that “The listing agent was not looking out for the Seller‘s best interest.”Well my question is: “How do you know what’s in my Seller’s best interest”. The answer of course is “you don’t“. You have no clue what my Seller and I have … (33 comments)
multiple offers: Buyers Making Multiple Offers. What the........................?
- 06/29/09 11:03 AM
Hi folks. This post is a follow up to my recent post My Buyer only wants one house. Why make 14 offers? If you haven’t read that one….I’ll give you a brief synopsis. It’s about making offers on multiple properties even though my Buyers intent is to only purchase one of them.I’m writing this post for clarity. I want to clarify what I’m doing and I need clarity on a few of the comments that were left.First, a few people mentioned that they MUST have an escrow deposit in hand prior to submitting a purchase offer. If this is a law……….show … (76 comments)
multiple offers: My Buyer only wants one house. Why make 14 offers?
- 06/24/09 10:59 AM
Making offers on Multiple properties. Do your Buyers do it? Mine do. And here’s why.In the Central Florida market right now REOs (bank owned properties) make up a HUGE percentage of the saleable inventory of homes. Most sell very quickly, for higher than listing price and with multiple offers. This can be very frustrating for Buyers and their agents. It seems like every time you make an offer on a REO property it is either pending or a bidding war is going on. So what do you do?What I do is have my Buyers make offers on numerous properties at the … (188 comments)
multiple offers: Negotiating Multiple Offers. A Tutorial.
- 04/14/09 03:16 PM
Hi Folks, If your market is saturated with REOs, as mine is, you may be incountering multiple offers quite frequently. This article, I wrote a couple of years ago. may help you deal with them. Negotiating multiple offers. I don't know about you but I love things in multiple. Multiple zeros on my bank balance, multiple listings, multiple closings and of course, multiple offers. Multiple offers, are one of my favorite things. It really places my Seller in the driver's seat when it comes to negotiating and normally means we will be able to get a higher price for the house. … (82 comments)
multiple offers: Liar, liar pants on fire. Not me!!
- 10/19/06 08:46 AM
I don’t know about you but I love things in multiple. Multiple zeros on my bank balance, multiple listings, multiple closings and of course, multiple offers. Multiple offers, are one of my favorite things. It really places my Seller in the driver’s seat when it comes to negotiating and normally means we will be able to get a higher price for the house. What I don’t like, is a common misconception, from Realtors, that I have to disclose multiple offers to them. Or, that I have to disclose the existence of any offers to them, whether received or not. Sometimes they … (39 comments)
multiple offers: It's not always about the price.
- 08/08/06 11:13 AM
Helped my Seller negotiate a deal for his house yesterday. We had multiple offers. I love it when that happens. The Seller ended up accepting the LOWEST offer. After discussing the three offers, that were presented, we decided that the one with a 20% down payment and a pre-approval letter direct from a National lender, had the best chance of closing. The other two offers, even though about $5,000 higher, were both with 100% financing, and were first time home buyers. This just shows that price is not always the deciding factor for a Seller. It can be the probability of the … (5 comments)
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