Negotiating an offer on a property that will have multiple offers on it can be so frustrating…
I get so amazed at the multiple offer game. We are often, in this market, faced with property that has more than one buyer. As a buyer’s agent, we are bound usually to a buyer who can purchase up to a given amount. That’s it. They are looking in this price range because it is what is affordable. All buyers want the best deal possible and to have the price drive up on the house they love is hard on the best of them. Losing property can break buyers down. Most listing agents don’t know that as long as we have the seller’s permission to disclose the offer amounts to the other realtors, they can all be informed making the situation less stressful and helpless, less chancy, and more productive. It works like this. The listing agent finds out they are going to have multiple offers. At this point, they would approach the seller and ask for permission to disclose the offer amounts. Let’s see, the downside is that the second offer in will either offer higher or won’t waste his time. And the first offer has a chance of increasing their offer. The subsequent offers can do the same, allowing all to offer up to what they are comfortable with and can afford and dropping out when the price is too high. This is so much easier and gets rid of the mystery. The home sells at market value and all buyers know exactly where they stand.
The whole process can be very stressful to buyers.. and sellers. I am here to help you navigate making and accepting offers. The ultimate goal is to make the buyer and seller happy with the deal and complete the transaction! Please feel free to call me if you have any questions regarding a possible home transaction and I will be happy to help – no obligation!
503.860.3664
Contact Me !
Meet Me via Video!
Zillow Search Tool
Oregon Licensed Realtor
Karolyn’s Referrals
