17 Offers Is Enough

By
Real Estate Agent with Berkshire Hathaway Home Services RS284559
https://activerain.com/droplet/5nZ5

Stop at 17 OffersIt is a strong Seller's Market.

One of our Buyers let us know on the second day of a particular house going active that they wanted to have a showing

I checked the house out on the MLS.

It was located in a desirable school district and it was in an area that had a bit of land around it, houses were not on top of each other.

It needs a lot of work, yet it was owner occupied.

In the Agent Remarks, the agent shared current comps that showed move in ready houses, showing that if fixed up this house could double in price.

Needless to say we never had a chance.

The Seller Agent notified us that they reached their max on offers, and were no longer accepting offers.

17 offers was enough to sort through and find a winner.

We will be curious to find out what it sold for.

 

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Doug Durren and Gloria Todor, Realtors®, SRES®, SFR®

Berkshire Hathaway Home Services, Fox & Roach, Realtors®
3409 West Chester Pike, Suite 100, Newtown Square, PA 19073

610-353-6200 Office

GloriaTrealestate@gmail.com

484-431-3686 call/text/email

 

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Ambassador
3,049,441
Anna Banana Kruchten CRS, CRS, Broker, Instructor
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Only 17 offers!!  Crazy market here too. Seems like most go pending within hours or maybe a day or two.

Sep 17, 2020 10:23 AM #1
Rainmaker
3,738,758
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Gloria - sometimes one offer is not enough to entice a seller to accept and multiple offers doesn't always equal success.  Of course, this dilemma is nothing compared to no showings and no offers.   Real estate is not a "game" for the ill-prepared or those are on not ready to "play".  

Sep 17, 2020 11:14 AM #2
Rainmaker
3,574,883
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Good morning, Gloria.... I recently had a listing close that had 14 offers within 24 hours. We did not put a limit on the number of offers we would take... we put a limit on the submission time for an offer. Needless to say it was a job and a half sorting through 14 offers.

Sep 18, 2020 04:18 AM #3
Ambassador
2,078,273
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

We too have experienced this with several of our listings recently. We also did not limit the number of offers, but gave a time line. As the offers come in, we put them in a spread sheet - the sellers review too as they come in - and then, at the end, we weed out the top strongest - and they give us their top five. Then they choose. Makes it easier. 

Sep 19, 2020 07:32 AM #4
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Gloria Todor

& Doug Durren (484) 431-3686 in SE PA
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