There are some rules of real estate decorum that I wish hadn't washed away. Here's one.
For many years, when an agent took an offer on a property, it was all but written in blood and on stone that it was to be expeditiously either accepted or countered or rejected.
None of this waiting to see how many offers could be collected, then picking the best one of the bunch, while those who turned in contracts and their agents sat on pins and nettles waiting for the Spoken Word.
In exciting markets, it has become the practice among many professionals to not require their clients to promptly accept, counter, or reject contracts, with the hopes of causing a bidding war.
I suppose there is a benefit there somewhere, but I've noticed that most of my buying clients who have been subjected to that behavior by listing agents have regarded it as unprofessional and of supreme arrogance.
If that's so, it's not how I would want to be remembered.
I suspect the old way may have actually been better for all concerned. What do you think? Do you do your best to collect multpile offers before the first contract is addressed?
Keller Williams, Dallas Premier
Direct: 214 503-8563