How many homes can a Buyer buy in one day?

By
Real Estate Broker/Owner with Godzyk Real Estate Services NH License 033394

No it is not a trick question and I am not talking about an Investor. This is a young couple, buying an owner occupied home. You would think they only want to buy one home, right? Well this couple got the advice to make offers on everything they saw, then they can decide which home they want. They were tired of losing out on buying a Manchester NH area home they said. So the fired their buyer agent and started this plan. 

 

How I knew..... was they made an offer on one of my listings. Later in the day I got a new listing and...... there they were again to see it and made an offer. The key was the multiple offers on multiple homes were all before the sellers even answered them. I did ask them sraight up and they told me their plan. I then asked if they were prepared to purchase more than one home?

 

It was them who looked puzzled as they did not quite understand. You would think as they wrote deposit check after deposit check that this was a bad idea.

 

Then it started, my first seller accepted the offer. I was still debating with them on choosing one home to buy and stop the foolishness. Then two more calls from other agents that their offers were also accepted. The choice for this young couple was to be honest and quickly..... and or contact a lawyer. 

 

In the end they decided on my original listing. They told the other agents they were withdrawing their offers. They were lucky all 3 others countered and not just accepted their offer.

 

The MORAL OF THE STORY is that a buyer should hire a buyer agent who will work with them through every aspect of the buying process. Provide assistance with getting pre approved, finding their dream home and getting the offer accepted.

 

The MOST IMPORTANT message is to share is a home seller has to work with and not against the listing agent. That every consumer that my philosophy is simple, provide more personal and professional service to guide clients through each step of the buying or selling process. All Agents are not created equal and every buyer or seller should take the time to hire the BEST not just the biggest.

 

To CONTACT Scott Godzyk please call 603.661.2121 or EMAIL: Sctprop@aol.com .

 

About the Author: Scott Godzyk is the Owner/Broker of the Godzyk Real Estate Services in Manchester NH. Proud to be locally owned and operated with 32 years of experience, Scott is a leading Agent for Listing and Selling Homes in this area.We are Full Time Agents ready to serve all of your Real Estate needs. Servicing Hillsborough, Rockingham, Merrimack and Belknap counties. 

 

    

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Rainmaker
2,580,238
Nina Hollander
Coldwell Banker Residential Brokerage | Charlotte, NC - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Hi Scott... I've had clients come from out of town with this strategy in mind. In some states because attorneys write the contracts no one is really on the hook for a purchase quickly, so buyers can get away with making multiple offers.

Jul 11, 2018 06:47 AM #1
Rainmaker
3,155,736
Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Scott. This is incredible. You just can't make this stuff up.

Jul 11, 2018 07:22 AM #2
Ambassador
3,454,778
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Scott- it pays to know the local real estate rules and it also pays to have the advice of a knowledgeable agent!!!

Jul 11, 2018 09:32 AM #3
Rainmaker
2,252,546
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

If an agent is working with a buyer who is submitting multiple offers on multiple homes, they need to be very careful about the wording.

Jul 11, 2018 10:54 AM #4
Rainmaker
2,252,546
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

CONGRATULATIONS Scott, on having this blog FEATURED in the Old Farts Club group!  

Jul 11, 2018 10:55 AM #5
Rainmaker
506,832
Karen Feltman
Cedar Rapids/Iowa City, IA KW Legacy Group - Cedar Rapids, IA
Relocation Specialist in Cedar Rapids, Iowa

They are very lucky that the other sellers sent them a counter offer rather than accepting.  That could have been a huge mess.  I just don't understand what people are thinking..where did they get such an idea and why would they think that this was a good way of going about buying a home.  Thank goodness that you were able to explain to them what could potentially happen.

Jul 11, 2018 05:03 PM #6
Rainmaker
2,559,015
James Dray
Fathom Realty AR LLC - Bentonville, AR
Exceptional Agents, Outstanding Results

Morning Scott.

That could have been a major error on their part.  Thankfully, it all turned out well for them and your sellers 

Jul 12, 2018 02:10 AM #7
Rainmaker
2,742,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I have had it a few times the last couple of years Nina Hollander and i am thank full lawyers do not wrte them here

Jul 12, 2018 06:02 AM #8
Rainmaker
2,742,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

They tried hard, but put their energy in the wrong direction Sheila Anderson 

Jul 12, 2018 06:02 AM #9
Rainmaker
2,742,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It sure does Kathy Streib , now to get that word out there

Jul 12, 2018 06:03 AM #10
Rainmaker
2,742,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Exactly Myrl Jeffcoat as it needs a kick out but then is worthless to any seller if it prtects the buyer too much

Jul 12, 2018 06:03 AM #11
Rainmaker
2,742,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

Thank you for the honor Myrl Jeffcoat 

Jul 12, 2018 06:03 AM #12
Rainmaker
2,742,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

They are lucky Karen Feltman and i am happy it did work out

Jul 12, 2018 06:04 AM #13
Rainmaker
2,742,998
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

It could have been a legal nightmare James Dray 

Jul 12, 2018 06:04 AM #14
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