What’s your strategy for handling multiple offers for your listing? Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
As a seller, it’s important to communicate with all of the potential buyers. Inform them that there are multiple offers on the table and request them to provide their "best" offer. Let them know that you have set a date to review all of the offers on your home. Evaluate Mortgage Qualifications
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Similarly, agents working buyers should keep listing agents informed about the status of counter-offers their seller-clients have made. Finally, buyers and sellers need to appreciate that in multiple offer situations only one offer will result in a sale; the other buyers will often be disappointed that their offers were not accepted.
Review buyer ‘extras’. Getting multiple offers when you sell your home can be exciting. But by considering all parts of the offers, including price, contingencies and ability to close, you can successfully handle multiple offers on your house and sign the best contract.
MULTIPLE OFFER ADDENDUM HIGHEST AND BEST PRICE AND TERMS. Seller: The Seller has received multiple offers on the Property, and has requested each party to respond. seller shall have the absolute right to deal directly with any
Here’s how to handle multiple offers: Begin by letting each Buyer know that you are about to receive more than one offer. Next, set a deadline and ask each Buyer to submit their highest and best offer to you in writing. Make sure each Buyer is aware of the deadline date and ask each Buyer to include a copy of their mortgage pre-qualification.
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Learn how to handle multiple offers with the Good the Bad and The Ugly of Multiple Offers.Multiple offers are a good!! but there are some downsides as well. Source: How to handle multiple offers- The Sellers Guide to Multiple Offers