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Do's and Don'ts of Multiple Offer Situations in Real Estate

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Pittsboro - Eric Andrews Realtor

Pittsboro Real Estate Agent Eric Andrews https://www.ericandrewsrealtor.com/ag... discusses the DO's and DON'Ts of multiple offer situations.

Important considerations:
If you tell a buyer there are no offers, they may come in with a low offer
If you tell a buyer there are offers, you can scare off potential offers
If you tell a buyer there are offers, you must tell all buyers there are offers
If a buyer hears there are 2 offers, both potential buyers could back out
This decision is not for real estate agents. Sellers must decide.
Newbie buyers agents may misunderstand that they do not necessarily have a right to know if there are existing offers.

posted by flyyak0t