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How to handle multiple offers- The Sellers Guide to Multiple Offers » Mortgage Masters Group

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Here’s how to handle multiple offers: Begin by letting each Buyer know that you are about to receive more than one offer. Next, set a deadline and ask each Buyer to submit their highest and best offer to you in writing. Make sure each Buyer is aware of the deadline date and ask each Buyer to include a copy of their mortgage pre-qualification.

Multiple Offers-Competing Home Offers. You can write the best offer in the world but a competent listing agent is likely to advise the seller to counter all the multiple offers, How to Handle Multiple Offers Over Appraised Value.

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.

Offers: How to Decide Which One Is Best for You. Guide Topics. Whether you’re the lucky seller with multiple competing offers to buy your house or you’ve just gotten your first nibble from a prospective buyer, you have a lot to think about.. a low appraisal is a very real possibility.

Sellers may choose not to work any of the offers in order to see if they can get a better deal. In such a situation, it is best to reject all offers and invite the potential buyers to resubmit with their best offers. It is permissible to tell the buyers’ agent multiple offers were received, and all were rejected with an invitation to resubmit.

Dealing With Multiple Offers On A Home For Sale. In an active real estate market when a home is properly prepared and priced right the chances of a buyer or seller facing the situation of multiple offers on a home is increased. By handling a multiple offer situation properly both home buyers and sellers can ensure success on their part.

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