Wow in the last week or so there have been lots of multiple offers on many listings we have out there. I’m not sure what’s caused the uptick on it but its been pretty damn busy for us.
I don’t really like multiple offer situations because it forces the buyers to have to bid up on a house and pay more for it then they wanted too. It can also back fire on the sellers if they get greedy and try to squeeze more money from the buyers.
If you are a seller don’t get greedy you will end with a bunch of pissed off buyers and agents. Make sure that your agent will send in the TAR form for dealing with Multiple Offers. This will prevent you from getting in trouble with other buyers who want to buy your home.
If you are buying then read this article on what steps to take to ensure your success in buying the home. http://www.recgov.org/realestate/good.htm
As always consult your trustworthy real estate agent on what to do. Don’t try doing this yourself!
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