Multiple Offer Situations.
Bottom line is that they stink. Multiple offers are problematic for many reasons.
1. Often you end up paying more than what your originally planned.
2. The property still has to appraise. This is more of an FYI for the sellers.
3. I remind people, that even in this economy, the best of the homes are being snapped up. So be prepared when you find something you like to go ahead and write up the offer. Make a decision!
4. Losing in a multiple offer situation can leave the buyers feeling defeated. There is a house out there for you, so keep looking.
5. Time is always of the essence when trying to finalize a contract, so until that last initial or signature is inked your still have the possiblity of another offer trumping yours.
Points of interest from a Realtor that sells residential real estate in the Central Texas area. Real estate is very dynamic and always changing. I will highlight some of my activities personally, professionally, and other things that I find just really interesting.
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