Multiple Offers - National Association of REALTORS®

In a multiple offer real estate situation, creating a great offer is an art that involves a blend of market knowledge, strategic thinking, and emotional connection. Your real estate broker is an …

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1400 81st St North Bergen, NJ 07047 - ColdwellBankerHomes.com

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FAQs about Multiple Offers - National Association of REALTORS® Coupon?

What is a seller multiple counter offer?

What is the “Seller Multiple Counter Offer”? In a real estate market where existing inventory is sparse and buyers are numerous, such as Florida, the situation where a seller of real estate will receive multiple offers is not uncommon. ...

Can a seller make a counter offer to more than one buyer?

Depending on the state where the real estate transaction takes place, a seller may or may not be able to make counter offers to more than one buyer. That said, most real estate agents advise against multiple simultaneous counter offers, as it could end up in two legally binding contracts for the seller. How Long Does the Process Take? ...

Can a seller counter multiple offers in a real estate transaction?

When there are multiple offers on the table in a real estate transaction, the seller is in the driver’s seat. “The seller can accept an offer outright, counter all offers, or choose to counter some of the offers and not others,” says Beverley Hourlier, a real estate agent with Hilltop Chateau Realty, in San Diego. ...

What is a counter offer vs multiple counteroffer?

Understanding A Counteroffer Vs. Multiple Counteroffer When a buyer submits an offer, the seller has the right to accept, reject or counter the offer. In this market of many buyers and very few homes most buyers would be thrilled to have their offer accepted or even countered. With a counter offer the seller can counter either price, terms or both. ...

Are multiple counter offers a good idea?

Issuing multiple counter offers may create a sense of uncertainty and competition among buyers, which could lead to a more favorable outcome for the seller. However, it is important for sellers to be mindful of the potential consequences. Managing multiple counter offers simultaneously can be a complex and time-consuming process for sellers. ...

What is a counter offer in real estate?

Counter offers are typically handled between real estate agents and are time-sensitive. A counter offer is one of three responses a seller can give to a potential bid — the other two are to accept the buyer's initial offer or reject it outright. The point of a counter offer is to negotiate the best terms and best price for both parties. ...