silikoncase.blogg.se - Multi counter offer

#Multi counter offer how to#

#Multi counter offer how to#

Here are some strategies for how to win highest and best offer situations. If you’ve decided you want to place the winning offer, you’ll have to go all-out to ensure yours is the most appealing to the seller. How to Win “Highest and Best Offer” Situations Understanding why the owner is selling their home can help you put together an offer letter that will appeal to them and get you the house you want. And as for the middle bid, it’s perfect for sellers who don’t want to worry about a deal falling through due to contingency issues. But, if they aren’t in a rush and are more concerned with maximizing their profits, then they’ll probably pick the highest bid. If the seller is in a hurry to move, for example, because of a job relocation or school starting, they might pick the lowest bid, because it’s the one that meets their needs. Which one will the seller pick? That’ll depend on their goals.

$285,000 cash with an inspection contingency, 30 days to close.

$300,000 with a financing and inspection contingency, 60 days to close.

They’ll weigh everything from contingencies to closing dates before making a decision based on their needs - which might not be purely financial. Sellers will look at your entire offer as a whole package. Money is a critical part of it, of course. When you’re putting together your offer, it’s important to remember sellers aren’t just going to look at the amount of money you’re offering. What are sellers looking for in a “highest and best offer?” If you really want that house, you’ll only have this one last chance to place the winning offer. Once the deadline they’ve put in place passes, they’ll evaluate all the offers they’ve received and choose one. They only want your best offer, no negotiating and no counter offer. And instead of wanting to negotiate with each buyer, the seller wants to streamline the process. When you hear this from a seller, they’re essentially letting buyers know they have multiple good offers.

They might send out a call for the “highest and best offer.” This usually comes with a deadline, so you and your Realtor will have to respond quickly. And they’ll have to do that multiple times.Īt this point, the seller and their agent might choose an easier option instead.

This requires a lot of back and forth from the sellers, as they counter offer, wait, and possibly receive a counter offer from the buyer. If the seller has a great number of offers on the table, they will have to first compare them and then attempt to negotiate individually with each potential buyer (or at least the top offers). This is good for their sales, as it can help them get a higher price. In a hot market, sellers will likely get multiple offers. What is a “highest and best offer” real estate?