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Multiple Offers: A good thing!

By
Real Estate Broker/Owner with Ad Maker Tool & Real Estate Auction Systems

Getting multiple offers on a property is a good thing, right? 2 offers is usually not a problem, but what about 3, 4, 5, 6 or more?

On one level it's a good problem to have, but it sure can be a lot of work sorting out which one is best for your client. That's why I love the real estate online auction model for selling. You can get all interested buyers competing online in an open format and all the negotiation happens automatically.

It's much easier, exciting to watch and you end up with the highest price for your seller.

To me, it just makes sense. The process is a more proactive way to market and sell real estate. It attracts more buyers and accelerates the sale of a property.

It's fun to see real estate agents embrace and apply this new approach to selling. There are some very creative strategies being used which we will be sharing at our next webinar.

Hope you can join us!

Comments(2)

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Dave Humphrey, Broker
RE/MAX Marketplace - Celebration, FL
Real Estate Advice You Can TRUST!

How can people effctively buy property without seeing it? Pictures on the compuetr make the TLC needed seem minimal when if fact it is large. Unless buying at give away prices, I don't see how this can be an effective way to market properties.

Jan 20, 2010 04:08 AM
Tom Wood
Ad Maker Tool & Real Estate Auction Systems - Ballwin, MO

Dave,

Great question!  That's one of the big misconceptions.  You're right, people will not go to an online auction website and bid without ever visiting the property.  That's not how it works.  The house MUST be accesible through open house previews, etc. to let people in and inspect.  The online bidding is just the automated way to negotiate with all interested parties who have viewed the property.  The one exception is land or lots, sometimes people will bid on those type of properties without seeing.

Jan 20, 2010 04:15 AM