Should a Seller Take the Highest Offer?

By
Real Estate Agent with RE/MAX Gold DRE #00697006

A Sacramento seller in Land Park called yesterday to discuss selling his home. He had his home on the market a while back and it didn't sell. When I asked him why he didn't call the agent he had been working with instead of this Land Park agent, it was pretty clear he had been extremely unhappy. I'm not exactly sure why but I suspect it had to do with communication. People think communication is all about delivering news or staying in touch, but that's not really true. It's about being on the same page, talking the same language and giving the seller enough information so that the seller can make his or her own informed decision; it's about meeting / exceeding the sellers' expectations.

This seller told me price wasn't everything. Getting the home sold is what's important. Price plays an important role, but it's not always the determining factor. There's a difference between being overpriced and not selling and being sold and moving on. Read more on my personal blog today about The Highest Offer is Not Always the Best Offer.

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elizabeth weintraub

 

 

Weintraub and Wallace Realtors

 

 

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Elizabeth Weintraub is co-partner of Weintraub & Wallace Team of Top Producing Realtors, an author, home buying expert at The Balance, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown, Carmichael and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Call Elizabeth Weintraub at 916.233.6759. Put our combined 80 years of real estate experience to work for you. Broker-Associate at RE/MAX Gold. DRE License # 00697006.

Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of RE/MAX Gold. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.

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Topic:
Home Selling
Location:
California Sacramento County Sacramento Land Park
Groups:
Posts to Localism
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Diary of a Realtor
Tags:
communication
offer
highest offer
sacramento real estate agent
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Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

I hate seeing that in mutiple offers.  You know that the buyer is waiting to renegotiate on home inspection items or praying for a low appraisal.  The highest is definitely an offer to be cautious of.

Feb 27, 2013 01:34 AM #1
Rainmaker
2,948,151
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

Highest is not always best but all the seller sees is the dollar signs and maybe not the big picture. It happens sad to say.

Feb 27, 2013 07:13 PM #2
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