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WHAT IF THE SELLER HAS MULTIPLE OFFERS?
If the seller receives multiple offers, they COULD choose to call for “highest and best.” This means they will notify all buyers that they have received multiple offers, and will put out a deadline to revise your offer if you wish, and re-submit.
If your current offer is already the best offer you are willing to submit, you can simply re-submit the same offer by the given deadline.
The sellers do not HAVE to call for highest and best. If one offer stands out and they’d like to accept one, they have that right. They don’t have to give you a chance to revise or counter.
That is why it is important to always put your best foot forward from the beginning! If you want the home, don’t play games.
My best tips to win a multiple offer situation:
- Always submit a pre-approval letter
- Have your lender call the listing agent
- Offer above asking if a sellers’ market (based on my recommendation)
- Be flexible with the closing date
- Be flexible with possession date
- Always submit a pre-approval letter
- Have your lender call the listing agent
- Offer above asking if a sellers’ market (based on my recommendation)
- Be flexible with the closing date
- Be flexible with possession date
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All parties will find a time to meet at the closing office (on the closing date agreed to in the contract or a change in date agreed upon by all parties) to sign all the closing documents. Typically, the sellers have signed their agreements and do not attend closing. I will be there representing you as my client. If you have obtained a lawyer, they will be there also in their office to close along with the title company "closer" who will go over all the documents with you, will get all signatures needed ¬tarize, then they will get the deed recorded and transferred with the county, supplying you with all copies.