Bring all offers??? (feedback, negotiating, agent, accept)

[VivaLaEvie]

What do people think when the MLS says things like "Bring all offers" or "Sellers will entertain at all reasonable offers"

As a buyer, it does pique my interest....

What about the realtors? Have you tried this? Does it work?

-Evie

[Silverfall]

It means you will get a lot of really low offers. As an agent, I bring in good solid buyers will really low offers to see what "bring all offers" really means to the seller.

[golfgod]

Since an agent is obligated in (AFAIK) every state to "bring all offers", it probably just is a way of showing that the seller is anxious, without admitting that they're "desperate".

golfgod

[Sco]

IMO, it is worthless because most sellers don't really mean 'bring all offers" even when they include it in their listing. All it usually means is that the sellers have a minimum price in mind and just don't want to disclose it. If you really want to sell quick and your minimum acceptable price is lower than list, than you are better off to cut the list price instead of hoping that a buyer will guess correctly.

[DavePautsch]

It's sort of like the phrase "motivated seller." Well, duh! If the seller wasn't motivated s/he wouldn't have their home on the market!

It DOES however reduce the negotiating leverage on the part of the seller (so I would only use that phrase with written permission of the seller!) How it is generally interpreted is that these folks have set a price (and probably lowered it a couple of times) - but now are reaching the point where they will consider anything reasonable.

Silverfall is right in that it is a real invitation to low-ball offers but, hey if you are really in a bind even a low-ball opens the door to a deal closing (eventually).

[dixiegirl7]

I think it is an invitation to get a lot of lowball offers and is not in the seller's best interest usually.

[KCfromNC]

Personally, I stop reading the description when I get to meaningless phrases like this. It means the agent has run out of actual positive things to say about the property or has just given up trying. Time to move on to the pictures and stats and figure out what's good and bad about the property on my own.

In other words, I don't think this phrase means anything at all. If you want an offer, price reasonably for the area, condition and market you're in. Begging for an offer isn't going to help one way or the other.

[hc7612]

We asked our agent to place "Present all offers" on our brochures. Our neighbor directly across the street, has,"All reasonable offers considered." I think it states as I believe, we would consider any offer. Does not mean that we would accept it, but are open to negotiation. My realtor informed me last night, that she does not think that it should be on there. She stated this after I called her because she had messed up our brochures for the 3rd time. She is someone who rather than admit her mistakes, tries and turns it back on you, that your decision is incorrect. I had also called to inform her that my neighbor had just let me know that her realtor informed her that our house was listed in a monthly real estate magazine for $300,000 less than it is listed for. Her excuse, was that it was not her ad. Another agent in her office placed it, and it was the printer's fault. Yet she failed to call and notify us of the misprint, instead I hear it from my neighbor. If I could drop kick this woman right now, I would! Sorry to vent, but she has messed up on so many things. She has not brought one potential buyer through, does not provide feedback on showings and does not contact us. It is nothing to go a entire month without hearing from her. The classic was last Friday my cell phone rings, I answer it is her. She says, "Heather?" I say, "yes." She then proceeds to state a last name, not mine? I say who I am. She says,"Oh, oh, I have called the wrong Heather." It had been 4 weeks since I had heard from her. So, last night it came to a head. And I proceeded to tell her, that she needs to be in contact with us, at least every 2 weeks, even if my email, to update us on what has sold, what the market is doing, etc... She did not seem pleased,as this will probably interfere with her tennis games. Again, sorry to rant, but I am still seething this am!

[gypsychic]

Originally Posted by KCfromNC

Personally, I stop reading the description when I get to meaningless phrases like this. It means the agent has run out of actual positive things to say about the property or has just given up trying. Time to move on to the pictures and stats and figure out what's good and bad about the property on my own.

In other words, I don't think this phrase means anything at all. If you want an offer, price reasonably for the area, condition and market you're in. Begging for an offer isn't going to help one way or the other.

I asked my realtor about this when I was looking around recently and saw an overpriced listing, and she basicially scoffed and said "oh, anyone can say that, it doesn't mean anything." So yeah, realtors seem to think it is meaningless.

[Boomerang]

I interpet this to mean that the sellers are willing (anxious) to negotiate.
If the property looks nice and the details are interesting I'll pause to consider it more closely, but these properties often need a lot of work or have other undesirable qualities. But there are cases where the seller just needs to get out and the house isn't so bad.