MULTIPLE OFFER PROCEDURE FORM Century 21 Brookshire
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People also ask
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What happens if you get multiple offers?
In this case, all offers are presented to the seller and the seller has several options available to them. The seller may choose to accept one of the offers, they may counter back one of the offers, they may reject all of the offers or they may ask to have some or all of the offers resubmitted.
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Can a seller accept another offer while under contract?
A seller cannot typically accept another offer while under contract unless there is a kick-out clause in place.
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What happens when a seller gets multiple offers?
If a house receives multiple offers, then at a certain point, the seller would stop showing the property to new buyers. But if the offers are low and/or the potential buyers financing is not rock solid, then agents will usually continue to show the property until they have at least two good offers.
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How to win when there are multiple offers on a house?
Looking to win a house with multiple offers? We'll give you 5 tips on how to Win a House with Multiple Offers. These tips include offering a higher price, providing a pre-approval letter, waiving contingencies, being flexible with the closing date, and writing a personal letter to the seller. By following these.
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How do you compete with multiple offers on a house?
One way for a seller to negotiate when there's multiple offers is to ask for a best and final offer from everyone who's shown interest. And getting an offer from you (no matter what it is) may help put them into multiple offer territory.
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How do you respond to a seller with multiple counter offers?
What's the best way to respond to multiple counteroffers from... Understand the seller's motivation. Review your own goals and limits. Communicate with your agent and lender. Consider all aspects of the counteroffer. Be flexible and creative. Know when to walk away. Here's what else to consider.
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