Collier Swecker video blogs about how home buyers in a competitive real estate market need to bring there best offers early in the negotiation process or the…
Home Buyers Bring Your Best Offer Quickly
Collier Swecker video blogs in the Birmingham AL market and his advice is as wise there as it is in Baton Rouge. Collier blogs about how home buyers in a competitive real estate market need to bring there best offers early in the negotiation process or they may find out that the Sellers have used their offer to get a higher offer that they have turned into a contract. One thing that many home buyers and sellers don’t know (and for that matter many agents) is that home sellers are under no duty to disclose multiple offers and is legally and ethically permissible to use one offer to generate other higher offers from other buyers. At the end of the day a good Seller’s Realtor should be trying to get the most money possible for their Seller and they should do everything they can that is both legal and ethical to maximize their clients investment.
When home buyers bring low offers with bad terms in hopes of starting a negotiation along with their knowledge that it is a weak offer, they are opening themselves not only for rejection but to the Seller’s agent using that offer to generate other interested Buyers to write a contract on the same property, since obviously the home is popular if it is getting shown and also has an offer. Basically, it is creating emotional urgency. On top of the foregoing, most home sellers in todays market cannot afford to just give away their home and most need to get market value in order to be able to sell.