Best strategy to utilize as a seller fielding multiple offers

Today was the first day my house was on the market and we had about 10 showings and have currently received 4 offers. We have another 10 or so showings scheduled tomorrow which I think we want to go through with (makes sense to give everyone at least one Saturday imo).

Anyway, we have received multiple offers all over asking with the best being roughly 10% above asking with a waiving of inspection.

I’ve been reading online that some people suggest setting some deadline for “highest, best, and final offer by X,” but I can’t see why as a seller I would want to include that “final” clause. If my goal as a seller is to receive the most attractive offer, to me it makes sense to maybe say, “Hi, we have received multiple offers and would ask all interested parties to have their highest and best offer sent by X,” but then why would I not instruct my agent to inform all offers who aren’t the best that their offer is not going to be accepted before informing the best offer that theirs is going to be accepted?

Wouldn’t I want all interested parties to be given a final chance to improve their offer before dismissing it?

Curious any advice you all may have for how to best handle my situation. Thanks!

submitted by /u/RLutz
[link] [comments]

Today was the first day my house was on the market and we had about 10 showings and have currently received 4 offers. We have another 10 or so showings scheduled tomorrow which I think we want to go through with (makes sense to give everyone at least one Saturday imo). Anyway, we have received multiple offers all over asking with the best being roughly 10% above asking with a waiving of inspection. I’ve been reading online that some people suggest setting some deadline for “highest, best, and final offer by X,” but I can’t see why as a seller I would want to include that “final” clause. If my goal as a seller is to receive the most attractive offer, to me it makes sense to maybe say, “Hi, we have received multiple offers and would ask all interested parties to have their highest and best offer sent by X,” but then why would I not instruct my agent to inform all offers who aren’t the best that their offer is not going to be accepted before informing the best offer that theirs is going to be accepted? Wouldn’t I want all interested parties to be given a final chance to improve their offer before dismissing it? Curious any advice you all may have for how to best handle my situation. Thanks! submitted by /u/RLutz [link] [comments]

<a href="Read More“>View Full Article

Need More Commercial Real Estate Leads?SAVE 40% this month!

Our commercial valuation calculator was created to evaluate commercial real estate. In 6 quick steps you will know your NOI, CAP RATE, and IRR.

Now you can get your own branded version of our calculator!