When to Turn the Home Buyer Offer Faucet Off?

Wow, Ginny, when you are in a housing market that has 11 month inventory, it is very unusual to have this kind of offer activity on ONE listing.  It must be priced right, and very desirable for many buyers.  You are right in believing to "turn off" the offers.  There really does come a point when enough is enough, or the Seller will have difficulty in getting closure on it.  In situations like this, our real estate attorney creates an amendment to goes out to the top 3-5 offers, with the Seller's counter on price and other conditions to all of those offers.  WIth the ability to choose the best offer based on price, cash vs finance, lenders involved, any contingencies, etc.  The offers must respond within a time frame and understands the seller's decision process.  It works on multiple offer situations.

Ginny, These are the stories we love to hear, especially in a Buyers Market. Congratulations!

I wonder how the winter will impact the spring?  My guess is as soon as all is thawed the buyers will come after the homes priced right. The others may be there in the fall!

Good morning, Ginny....when one is dealing with an 11 month number of homes for sale, the price had better be right on target....that's a deal.

Hi Ginny,

Could this be a floor plan issue? Some homes have a funky layout and confusing interior design. Just sayon'.

Have a good day in North Kingstown.

Best, Clint McKie

One of my listings is thrilled with the buyer faucet being on right now.  Tons of viewings and a few offers coming in this weekend.  On the other hand, I have a buyer that wishes she was the only droplet coming out of the faucet.  So many multiple offers and homes selling in days right now... I'm getting to experience both sides

It will be interesting to see how things evolve as more houses go on the market.  I hope they decide quickly.

Ginny, what a great problem to have!   It can be daunting for the Seller to decide which offer to accept.    Great job Ginny!

These sellers must be delighted with so many offers to choose from.  Good job Ginny!

Ginny, It can be overwhelming and too much can be too much. I hope it all works out

Ginny all those points if followed end up in a home selling quickly

Great marketing plus a worthy property = Success!

Ginny: There is little doubt you outstanding marketing helped generate buyer interest in this property...your sellers were wise to choose you to represent them to get their property sold

Good morning, Jinny. You do such a good job of marketing in your area. Is it any wonder that you are among the top real estate agents?

Ginny

At some point you have to say enough is enough. But it's nice to see that much activity and hopefully a positive finish to the process

Best wishes for a successful transaction

Jeff