You have now received multiple offers on your new listing, how do you guide your seller in which offer to accept?
Set a Clear Deadline and let all parties know: If you are the listing agent, set a clear deadline and inform all of the agents of when the offers are due by and when you will be meeting with seller and when they will be making a decision (this should be several hours after the deadline so they all aren't blowing up your phone). Put in agent remarks, send email from showingtime, send an email to everyone that has shown property
Start with a Spread Sheet - When you have many offers it may be easier to have a spreadsheet put together when presenting to your Seller.
Price - Is there an Escalation Clause?
Terms - Contingencies, Inspection period, closing date, appraisal contingency, response time from seller, how much in escrow and when is it non-refundable
Buyer's agent - Reputation matters.
Cash or Loan - Who is the lender and what is their reputation? Have you seen POF
Once an offer is selected, after it is fully executed, before you mark it contingent in the MLS send a blanket BCC email to all agents who put offers in as a courtesy.
Some other Resources:
Which three areas in your life needs some attention? Take action steps this week to change your future.
Words of Wisdom
I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. -Maya Angelou
Join Kerry & Heather LIVE!