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		<title>How to handle a multiple offer situation</title>
		<link>https://www.propertyunder100k.com/blog/2020/06/22/multiple-offer-situation/</link>
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		<pubDate>Mon, 22 Jun 2020 14:11:36 +0000</pubDate>
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		<category><![CDATA[multiple offer situation]]></category>
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					<description><![CDATA[<p>With real estate markets heating up again after the COVID lockdown, many find themselves in a multiple offer situation. What is it and how can you as buyer or seller handle it the best way? Here is a short overview. What is a multiple offer situation? A multiple offer situation happens when several people make &#8230; <a href="https://www.propertyunder100k.com/blog/2020/06/22/multiple-offer-situation/" class="more-link" data-wpel-link="internal">Continue reading <span class="screen-reader-text">How to handle a multiple offer situation</span></a></p>
<p>The post <a rel="nofollow" href="https://www.propertyunder100k.com/blog/2020/06/22/multiple-offer-situation/" data-wpel-link="internal">How to handle a multiple offer situation</a> appeared first on <a rel="nofollow" href="https://www.propertyunder100k.com/blog" data-wpel-link="internal">propertyunder100k.com</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p>With real
estate markets heating up again after the COVID lockdown, many find themselves
in a multiple offer situation. What is it and how can you as buyer or seller
handle it the best way? Here is a short overview.</p>



<h2>What is a
multiple offer situation?</h2>



<p>A multiple
offer situation happens when several people make an offer on a property.</p>



<p>This often
happens in a seller’s market when competition is high – meaning there are more
buyers than there is real estate for sale. However, it can happen in any market
and especially for houses within a reasonable price range or those that are a
good deal for another reason.</p>



<h2>multiple offer situation as seller</h2>



<p>If you are
a seller, multiple offers are great news. You are in a situation everybody
dreams of. </p>



<p>Your real estate agent will probably explain various negotiating tactics for you to think about. For example, you could just accept the best offer. Or you could notify all buyers that there have been other offers to give them the chance to make a better offer. </p>



<figure class="wp-block-image size-large"><img src="https://www.propertyunder20k.com/blog/wp-content/uploads/2020/06/multiple-offer-situation-1024x683.jpg" alt="" class="wp-image-725"/><figcaption>Image by <a href="https://pixabay.com/users/sasint-3639875/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1822409" data-wpel-link="external" target="_blank" rel="external noopener noreferrer">Sasin Tipchai</a> from <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1822409" data-wpel-link="external" target="_blank" rel="external noopener noreferrer">Pixabay</a></figcaption></figure>



<h2>multiple offer situation as buyer</h2>



<p>As a buyer,
how can you make sure your proposal wins when there are multiple offers on the
table? Here are a few tips.</p>



<p>The best tactic would be to find out what the seller is hoping for. Is he looking for a quick sale, sell for the highest price or maybe he even prefers to get some more time before moving out…? Maybe he has a personal attachment to the house and is looking for someone who really appreciates it. There can be many different situations that made the homeowner put his house on the market. </p>



<h2>Making an offer</h2>



<p>When making
an offer try to make it attractive, best a little above listing price to show
that you see its value. You can also offer to pay a deposit as a down payment. Like this you
show the seller that you&#8217;re really serious about closing the sale.</p>



<p>Some even
suggest to write a personal letter to the seller.</p>



<h2>A word of caution</h2>



<p>Please note,
it has happened that buyers were told by agents that there are other offers on a
house in order to get a better price, when in fact this was not true. It has to
be stated that there are severe consequences for agents who do this.</p>



<h2>Free Real Estate
Listings</h2>



<p>If you like to buy or sell a house. List it on <a href="https://www.listproperty4free.com" data-wpel-link="internal">www.listproperty4free.com</a> for free. </p>
<p>The post <a rel="nofollow" href="https://www.propertyunder100k.com/blog/2020/06/22/multiple-offer-situation/" data-wpel-link="internal">How to handle a multiple offer situation</a> appeared first on <a rel="nofollow" href="https://www.propertyunder100k.com/blog" data-wpel-link="internal">propertyunder100k.com</a>.</p>
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