Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Once the offers come in, I'd like to try and make it through the weekend for other offers. What's the longest time I can put on the offer for a response?
When I listed my home (on a Wednesday), my agent put a statement in the remarks that the seller would review all offers that Saturday. So, buyers and their agents knew going in what the time frame was. When I went to my agent's office Saturday, we reviewed all the offers, countered the best ones, and rejected the others. To my knowledge, no one had a problem, or if they did, I didn't hear about it.
When I listed my home (on a Wednesday), my agent put a statement in the remarks that the seller would review all offers that Saturday. So, buyers and their agents knew going in what the time frame was. When I went to my agent's office Saturday, we reviewed all the offers, countered the best ones, and rejected the others. To my knowledge, no one had a problem, or if they did, I didn't hear about it.
Even if this might be currently not so common in an area, try it. I think enough people have seen this on the tv real estate shows to be familiar with it.
Such a statement will also get people thinking...multiple offers...better make my best one.
Even if this might be currently not so common in an area, try it. I think enough people have seen this on the tv real estate shows to be familiar with it.
Such a statement will also get people thinking...multiple offers...better make my best one.
Yes, some people might absolutely think that way. Be cognizant of the fact that some people will instead think, "ohh, multiple offers. I'm out."
Your area may be different, but in ILL it's not common to counter on more than one offer simultaneously because more than one buyer may accept your counter offer. You'll then be fighting two buyers who both claim to have an accepted offer on your house. Not a good idea.
Somehow this idea of sitting on offers has turned the negotiation process into the wild west.
In a hot market I wouldn't be a buyer. However- I don't see a problem with making it known that all valid offers will be considered at a particular time.
As far as countering more than one offer...I don't see how that could be done...ethically, legally, or practically.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
One alternative... may be too late for you?
