Today I wanted to take some time to talk to you about how to handle multiple-offer situations as both a buyer and a seller.
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We’ve gotten this question a couple of times in the last few months, and today I wanted to take the time to talk about how to handle multiple-offer situations.
From a seller’s standpoint, having multiple offers is typically a good thing. You do have to be careful though. I have seen situations where a home has multiple offers, and then the seller gets a little too aggressive and ends up with no offers because everyone withdraws for whatever reason.
We can coach you on how to handle multiple offers as a seller. The power of a third-party negotiator such as a real estate agent typically always yields a higher price for the home.
From a buyer’s perspective, it can be a little bit scary to find yourself in a multiple-offer situation. Making your offer as clean as possible and allowing some of the terms to appease the seller is going to make it stand out amongst the competition.
“WE CAN COACH YOU ON HOW TO HANDLE MULTIPLE OFFERS AS A SELLER.”
Now I didn’t say to make your offer have the highest price. There are aspects of an offer outside of the price that the seller will look at. Adjusting your offer to meet the seller’s needs, such as a specific closing time and date, will sometimes put your offer to the top of the list.
If you need some help with multiple-offer situations, both our buyer and our listing teams have been coached through many similar situations and can help you navigate that process easily.
If you have any other questions about this topic or you’re looking to buy or sell a home, please give me a call. I’d be happy to help!
