Making Offers on Multiple Homes at Once

By
Real Estate Agent with Love where you live

Would you present offers on different properties at the same time, planning to go for the one that came back with the best deal for your buyer?  Another agent asked me this question recently.  I said I would not do it. Even if there were no legal ramifications in case things did not go according to plan, what about our code of ethics requiring us to treat all parties honestly and fairly?  Say that seller were yours, for example.  Being informed that there is a contract coming in is a big deal to any seller, and it's received with hope and anticipation that this could be the one that works. Shouldn't the integrity of your business practices kick in here?  What do you think?

 

Comments (6)

Christi Farrington
Dagny's Real Estate - Wilton, CT
~ Your representative in Fairfield County, CT

Hi Jean - Excellent point.  I happen to agree with you; however, many agents will put in offers on different homes and play the 'wait and see' game.  Personally, I do not do this, either. Can't wait to see the discussion on this one.  Good blog!

Oct 31, 2013 12:02 AM
Jean Jannopoulo
Love where you live - Sarasota, FL
Robert Slack LLC

Thanks so much, Christi - It will be interesting to know how others view it.

Oct 31, 2013 09:59 PM
Larry Lawfer
YourStories Realty Group powered by Castles Unlimited® - Newton, MA
"I listen for a living." It's all about you.

I would never put in multiple offers at the same time.  I would never date two women at the same time. Well, I haven't dated anyone but my wife for 25 years, but when I dated it was always one at a time.  I agree with Christi above that it is wrong.  I have had it done to me and now I ask each Buyer's agent if they have other bids in. If they do I won't accept their bid.  With low inventory the Seller can make the rules and dating two at the same time is wrong.

Jan 06, 2014 05:40 AM
Jean Jannopoulo
Love where you live - Sarasota, FL
Robert Slack LLC

Love it Larry!  A good guy and a good agent.

Jan 06, 2014 06:21 AM
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

I always tell buyers who inquire about submitting offers on more than one listing simultaneously that it's not fair to sellers and could have ramifications for them as buyers. The possible ramifications could be another post!

Apr 01, 2014 02:15 AM
Jean Jannopoulo
Love where you live - Sarasota, FL
Robert Slack LLC

Sharon - It's great to hear from like-minded agents. I think it's better to be straight with everyone than sorry.

Apr 01, 2014 06:07 AM