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Every home seller will handle multiple offer situations differently and it’s important for home buyers to understand prior to submitting an offer what can happen if the seller does receive more than one offer. Below are 4 different ways a home seller may handle a multiple offer situation.
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James Bell of Brad Bell Real Estate explains how to handle a multiple offer situation when you (and at least one other person) wants to buy the property you have your eye on. As the two words suggest a multiple offer situation occurs when more than one buyer has decided to place an offer on the same property.
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Your agent will be better able to get details about the seller’s expectations without revealing too much about your situation, making it possible to negotiate a stronger deal for you should. expect.
Before we get into how to handle multiple offers, let’s first discuss how you can increase the odds of actually getting them. One of the best ways of getting multiple offers in a strong seller’s market is to defer your showings for a short period. deferring showings works like this – you list your home on a Monday or a Tuesday into the multiple listing service, but you don’t let anyone into your home until the weekend.
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