A Month in the Life of an Agent: Day 28

By
Real Estate Agent with BHHS Northwest Real Estate

Comparing offers can be heart breaking!

A listing that I have received multiple offers. I started by comparing the "easy' stuff - net offer price, closing date. length of inspection period. Two offers are very close. So then I started looking at the more intangible aspects of the offer. Young couple about to have their first child - missed out on two other homes. Family moving into the area - on a tight deadline. Whose dream do you crush?

Just as I am about to present my comparisons to the seller and make a recommendation, I get a call that another offer is coming in. Above asking, 20% down. So we start the comparison again....

 

Comments (6)

Jimmy Katz
Wynd Realty & Katz Realty Group - Alpharetta, GA
"REAL Solutions for Real Estate!"

it is a very difficult process, as even with a strong contract, you can still not tell the difficult buyers from the easy ones until down the pike!

Mar 29, 2011 05:44 AM
Anna Matsunaga
Team Momentum Keller Williams Realty Tacoma - Lakewood, WA
Seller specialist, Certified Negotiation Expert

Ultimately it is our duty to do our best for OUR clients, but sometimes it is hard to know that doing so will be hard for a potenial buyer.  Of course I have had a seller decide on a lower offer before as well.

Mar 29, 2011 05:45 AM
Pat Champion
John Roberts Realty - Eustis, FL
Call the "CHAMPION" for all your real estate needs

Wow good news for you multiple offers on a property now you are right the decision will be the hard part.

Mar 29, 2011 05:57 AM
Ryan Frost
Compass Lending Solutions, LLC - Draper, UT

Sounds like a little bidding war. Highest and best by 5:00 PM!

Mar 29, 2011 05:57 AM
Monika Phillips
Keller Williams Realty Palm Beaches - Palm Beach Gardens, FL
PA

Ughhhh Good luck with that one! The Best News are that you have done your job as pricing the property right and getting all this interest from the Buyers. Now is time for choosing the Next Owner!!!!All the Best!

Mar 29, 2011 06:41 AM
Angela Hardy
BHHS Northwest Real Estate - Bothell, WA

I presented all the options to the seller. Here's hoping they pick buyers who will create a win-win for both sides!!

Mar 29, 2011 05:01 PM