If you do find yourself falling hard for a house, consider writing a personal offer letter directly to the sellers. Any other higher offers must be given to buyers agent to confirm the higher price. If you can tell them how many offers the seller got. Politely and graciously explain that the homesellers have accepted an offer that they like better. вЂњThey may only need to bidВ 2% to 5% above the highest offerВ to get the property.вЂќ One way to make your offer stand out Escalator clause: If the seller receives any offers higher than 100,000, this offer price shall increase to 1,000 more than any higher offer up to 110,000. The proper way to give a buyerвЂ™s agent the bad news is as follows: Promptly call, write or send a text message to the agent thanking him or her for the offer. I immediately thought that this is highly unlikely since we saw the house one day after the. The selling agent immediately told us that there were '4 offers near asking' and to come with best and last. вЂњToo often I see people get emotionally involved and feel like they have to have this house and there is no other,вЂќ says Bruce Ailion, a real estate agent in Alpharetta, GA. The owner had listed with an agent and had no real offers for over 2 months.

вЂњIf someone else is willing to pay more than you feel itвЂ™s worth, let it go and work on the next one.вЂќДЄnd donвЂ™t bid too high. вЂњMy advice to buyers today-especially on homes priced below market value where there are likely to be multiple offers-is to make their highest and best offer first and stick to it,вЂќ says Jim Mellen, a real estate agent with Re/Max Peninsula in Williamsburg, VA. You may get only one shot to express your interest in a home, so if you truly love it, your first offer should be the upper limit of your budget.

Your best betДonвЂ™t bank on being able to submit another offer, though. If the seller simply accepts the buyerвЂ™s first offer, then the seller must sign. First, an offer must be made by a buyer, then the seller can accept the offer or change some of the terms of the buyerвЂ™s offer, thereby creating a counter-offer. That gives you time to up your offer if you really want the property. Basic real estate law requires that several steps be followed in order to have an executed contract. Seller has the right to accept any other offer received prior to Acceptance of this Counter Offer. Clarification was added to both CAR forms to emphasize this: SCO. DonвЂ™t lose hope if your first offer wasnвЂ™t the top bid-you may get a second chance to impress the seller! Most sellers willВ ask the buyers who made original offers for their highest and best offer by a particular time or date. In CA whether the counter offer is a multiple counter offer or not does not affect whether the Seller could accept another offer prior to acceptance of the counter offer by buyer.

Multi counter offer