How to Deal with Multiple Offers when Selling Your Home Depending on how you want to sell your home, sellers now have three -not just two alternative options. These three ways include selling it through a real estate agent the traditional way, selling it yourself through FSBO or For Sale By Owner, and more recently, you can sell your home to cash buyers. In all these three ways of selling your house, the homeowner also has the prerogative of offering his home to multiple buyers so that price offers can be matches to as many interested buyer as possible. This will be to your advantage since contending buyers would surely want to sell-off one another and thus give out a competitive bid. “Prerogative”I say because while the seller may think that receiving multiple offers extends the sellers bargaining chips, it actually presents some disadvantages. A 50 percent fallout rate stands out compared to the ten percent fallout rate for properties where there is only one buyer involve. This is due to the fact that buyers would initially be very aggressive to come up with a higher bid, but when emotions settle down half of these bidders will realize that they have overbid and they start to begin putting off the deal altogether. But, there is still a way to minimize fallout and improve your chances of success in handling multiple offers. The best way to handle it is to have a manager present. Even if you have to sell it through an agent that has a different policy, it is still good to have a manager deal with it. You, the third party manager and the buyers’ agents can discuss conditions while the manager supervises the multiple-offer process.
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Though sellers are not legally liable to tell buyers how much the contending offers are, it may be simply unethical to disclose the content of the competing offer to others. When the bidding is over and the price is out, there can be regrets with bidders and in order to avoid fallout, the manager will ask them to bring back their best offers. This is your big leverage since managers can now study the interest of multiple buyers together with their ceiling price. with this the probability of closing the deal will be higher.
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If there are counter offers which you are not interested in and they you receive a new offer from the same buyer which is a better offer, then best to put off the new offer until the first one expires. with the help of a good manager, you will be able to get the best possible offer on the sale of your house. This process will assure you of getting the best offer for your house.

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