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03-11-2008, 02:40 PM
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Senior Member
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Join Date: Jun 2007
129 posts, read 111,983 times
Reputation: 24
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Two offers on the Table
Has anyone every dealt with two offers at the same time? Curious how that works. What do you do basically counter offer than both for the same price? Also can you counter offer them both?
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03-11-2008, 02:42 PM
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Real Estate Agent
Status:
"Is seeing the light at the end of the tunnel"
(set 13 days ago)
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Join Date: Oct 2007
Location: Salem, OR
4,613 posts, read 2,915,054 times
Reputation: 1753
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Yes you can do a multiple seller counter offer BUT you need to make sure this is clear in the counter offer!! If your state doesn't have this form, or line item have an attorney draft the addendum for you. You don't want to be stuck selling your home to two buyers...Not a good place to be...
Congrats by the way! I hope one of them works out for you!
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03-11-2008, 02:46 PM
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Realtor
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Join Date: Aug 2007
Location: Columbia, SC
3,599 posts, read 2,287,831 times
Reputation: 1187
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Yes, your agent should be able to handle that for you. Ask him/her.
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03-11-2008, 02:52 PM
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Real Housewife of Dallas
Status:
"Happy Last Monday of 2009"
(set 8 days ago)
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Join Date: Jun 2006
Location: The Big D
11,599 posts, read 11,926,312 times
Reputation: 3430
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WOO-HOO GIRL!!!!!!!!!!! Multiple offers can happen. Look over their qualifying to see who has the better shot of it going thru. Closing date is also important as the further out the more things that can pop up. A lower price for a quicker closing is sometimes a LOT more $$$ than one further out for more $ on the offer. Also ask your agent if they have worked w/ either of the buyers agents and if so which one do they know is best at getting it "to close". Even though they may not say one agent has been notorious for delays, not getting back to them, etc you can read it in their expressions.
Hope all goes well and one of these is THE right one for you.  |
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03-11-2008, 02:59 PM
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It's 5 O'Clock Somewhere!
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Join Date: Nov 2006
Location: SoCal
3,938 posts, read 2,174,344 times
Reputation: 1203
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Mindy, that is so exciting...let us know how it works out. We sold a home in 2003 and we had two offers, both the same price. We went over each one with our agent, one wanted a 30 day escrow, the other wanted a 7 day escrow. the first one looked better financially, too, so we went with that one...
I can only dream of a multiple offer!!! Let us know what happens girl!  |
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03-11-2008, 03:40 PM
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Senior Member
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Join Date: Nov 2006
1,407 posts, read 1,902,239 times
Reputation: 355
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mindy, you have TWO offers! WOW! good for you. see massachusetts is doing okay. oh once you've accepted one of the offers send the other my way!  LOL! |
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03-11-2008, 03:40 PM
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Triangle Area Explorer!
Status:
"Taking a short break from city-data. See you in 2010!"
(set 5 days ago)
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Join Date: Nov 2006
Location: North Raleigh, NC
5,607 posts, read 5,834,078 times
Reputation: 3320
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Quote:
Originally Posted by mindy410
Has anyone every dealt with two offers at the same time? Curious how that works. What do you do basically counter offer than both for the same price? Also can you counter offer them both?
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I often wonder why people working with RE Agents post on this forum asking for adivce on how to handle offers.
I know you are excited and want to share with the forum, but didn't your agent go over this with you? I certainly hope so.
Congrats....sounds like your $25K price reduction worked and prompted some offers.
Good luck! |
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03-11-2008, 03:55 PM
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Senior Member
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Join Date: Jun 2007
129 posts, read 111,983 times
Reputation: 24
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To North Releigh Guy, Yes I do have a realtor and she is comming over tonight to go over everything with me but I just like to get other peoples advice that have been in the same situation as I have and see what has worked for them. Thanks to everyone that gave me advice. Mindy
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03-11-2008, 05:33 PM
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Senior Member
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Join Date: Jan 2008
514 posts, read 315,183 times
Reputation: 517
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Congratulations
Congratulations! How long were you on the market... and when did you make the $25K reduction? I think I remember you trying the FSBO route first (as we did). Our realtor is trying to convince us to drop by $20K after 4 weeks w/ no offers and I have been resisting. Perhaps I should follow your lead. It seems to have worked!
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03-11-2008, 06:11 PM
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Senior Member
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Join Date: Jun 2007
129 posts, read 111,983 times
Reputation: 24
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Shaw, I had it on by myself and got showings but no offers. The bottom line is price price price. When I lowered by 20,000 I got 15 showings within two weeks and within one month two offers on the table. So price is definately important. I have been on almost a year. To high with first realtor, too high with FSBO and now priced right and offer within one month with new realtor. Mindy
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