![]() In some instances, even offering over asking price could be the best (and maybe only) way to secure the house you’ve been dreaming of. If you are lucky enough to get a counter offer in a. This is especially important if you’re bidding on a bank-owned property as the bank is unlikely to counteroffer. How to Handle a Counter Offer in a Multiple Offer Situation. Therefore, you should submit your highest and best offer from Day 1 to make sure it’ll be given the utmost consideration, says David Welch, a Realtor with Re/Max 200 Realty in Winter Park, FL. It’s important for home buyers not to assume that they’ll get the opportunity to submit a counteroffer the seller has no obligation to honor this desire. Offering to close on the seller’s timetable (Sometimes a seller wants to close ASAP, or wants to wait until the kids’ school year ends.).In some cases state law or real estate regulations may limit the ability of brokers to disclose. The seller will reference the purchase agreement by entering its date. Sellers have several ways to deal with multiple offers. It is typically used when someone wants to put an offer on a house or other private residence that is for sale but there are conditions that need to be met before the sale can be finalized. Step 1 Receive the Offer Most commonly, the seller will be making a counter to the buyer’s offer. ![]() Providing a pre-approval so the seller knows you are already locked for the mortgage amount you need An Offer to Purchase Real Estate is a legal document used to outline a potential real estate transaction between two parties.The terms of the sale are important as well. These terms could help make your offer more appealing: “If the seller receives an all-cash offer that’s at or above asking price versus an offer under asking price that requires a loan, they’ll take the first offer all the time,” says Maria Jeantet, a Realtor with Coldwell Banker C&C Properties in Redding, CA. 14-Seller Property Disclosure & 2-Contract Writing Course. If you want to make your offer stand out, money certainly talks. Listen to Lesson Multiple Counter Offer used when making counteroffers to multiple.
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