Does anyone find multiple offers challenging in Tampa Bay area?

  • August 15 2012 - US
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Answers (1)

Profile picture for DebraKroon
Multiple offers can be challenging anywhere, Julia!

Best seller strategy is to set a deadline for "highest and best" offers; this can be done either as part of the initial listing (i.e., seller will not review offers until xday at xtime) or once two offers have been received prior to responding to any offer; Seller then selects the offer which is best for Seller and works with that Buyer to close of escrow.  Always keep other potential purchasers in mind (I put agent name & phone number on a sticky note and place on inside front of file folder; can call all immediately when/if property becomes available).

Best buyer strategy is to look at homes in a lower price-point, so that Buyer can make above-list price offer.  Buyer doesn't necessarily need to do so, but Buyer is capable of purchasing above-list.  Makes it easier for Buyer to prevail, rather than constantly losing out to those who do offer above-list, when list price is already at or exceeds Buyer's max.

  • August 27 2012
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