Are Multiple Offers Good for your Seller?

Sorry, but I have had very few multiple offer situations where the winning offer was NOT above the asking price.

In my neck of the woods multiples are good for the sellers

Good evening Mimi,

I will have to check with an attorney and see if this is a good idea here; I do like it.

Something that we are seeing here is instead of a dollar amount offer they are writing in buyer will pay X amount over your best offer. I would ask whom will take care of if it does not appraise in this situation.

Make yourself an astonishing day.

Amazing how things work in different markets Mimi.....

Some multiple offers are won by a simple and heartfelt letter from a concerned buyer. Love when that happens and the sellers would rather someone be happy in their home, than worry about a few thousand dollars difference.

I always only do this with seller permission and I remember an agent thinking I was giving her some super inside info when I told her what all the offers were. Bless her heart, I told everyone.

Good morning Mimi.  While that may work in many areas it won't float around here.  

Oh I miss Oliver and was just quoting him this past weeken when I was submitting an offer in this very scenario.  I told the listing agent Oliver's stance on the subject and he shut me down.  So then I started with "how about if we offer $10k over - is that enough?"  he said no.  Then I said how about $15,000 over....  Argh!!!