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Rainmaker
2,433,224
Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

I don't thinks so, No, you process each offer on it's own merits and present them to the seller.

Jan 17, 2015 12:43 PM
Rainer
23,743
Eric Valente
Calabasas, CA
Eric

I don't think that too. You just help sellers to choose  strongest offers. Seller might want some terms that are not there ( rent after closing of escrow, longer/shorter escrow, etc. ) 

Jan 17, 2015 01:35 PM
Rainer
80,093
RVA HomePRO Michael Hottman
RVA HomePRO Realtor with Keller Williams serving Hanover, Henrico, Chesterfiled and Richmond, Virginia - Glen Allen, VA
Helping you achieve goals in life & real estate

I don't think so. When this happens I've been told to put down the details on a spread sheet and give that to the owners to pavoid any prejudice based on name or look of the contract.

Jan 17, 2015 01:27 PM
Rainer
453,476
Diane M. Phillips Realtor 443-286-4365
Frankly Real Estate Inc. - Manchester, MD
Specializing in Carroll Co., MD

Debbie ~ All parties should be treated fairly regardless of the number of offers. 

Jan 17, 2015 12:49 PM
Ambassador
5,029,712
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Sometimes, it really depends on the spread in the offers.

Sep 08, 2019 08:26 PM
Rainmaker
3,069,179
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

I don't think so...

May 13, 2017 04:28 AM
Rainmaker
1,682,789
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Multiple offers are up to the Seller to decide.  The Listing agent just becomes a neutral middle person and passes the information back and forth.  No pressure here.

Jan 22, 2015 11:56 AM
Ambassador
3,986,094
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I do advise the seller that it is his decision and having lots to choose from can be a good thing and can also be confusing. He just has to make it based on the facts I gather and the way the offers are presented. Thank you all for the wide range of responses.

Jan 19, 2015 11:51 PM
Ambassador
1,770,905
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

No Debbie because I let the seller make the decision. I make it clear that its the seller who chooses, not the Realtor. The old saying "give it you highest and best offer" often is the way to make that clear during multiple offers.

Jan 18, 2015 04:11 PM
Rainmaker
4,560,082
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debbie, we are seeing multiple offers on most homes we list, and VERY difficult for Sellers to make choices.  

Jan 18, 2015 10:34 AM
Ambassador
2,043,086
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

Although the "highest and best" request has become a standard practice for REOs, sellers are not required to solicit these from buyers in a multiple offer situation. We can recommend this course of action but it's up to the seller. 

Jan 18, 2015 09:10 AM
Rainer
6,351
Charlotte Marrocco-Mohler
REMAX Insight/Advantage/On the Move - Nashua, NH
Broker Licensed in NH and MA

Not at all.  Give all offers to the seller.

Jan 18, 2015 07:06 AM
Rainmaker
6,161,142
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The reality is that some listing agents do not treat all offers fairly. Some are more likely to recommend an offer by an agent they prefer.

Jan 18, 2015 06:07 AM
Ambassador
942,801
Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

I don't think that that is the case from my perspective, Debbie.  My broker insists that we keep everything straight and document, document, document and put EVERYTHING in writing.

Jan 18, 2015 05:38 AM
Rainmaker
4,799,006
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

It shouldn't have to.  As long as the listing agent follows the instructions of his or her seller and gives all the required information and disclosures.

Jan 18, 2015 05:24 AM
Rainmaker
5,172,283
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Debbie,

It really should not, because the listing agent is helping the seller find the best possible fit for them.  A

Jan 18, 2015 04:07 AM
Rainmaker
90,393
Debra Peters
Referral Realty - Manorville, NY
NY Real Estate Salesperson

All parties should be treated fairly no matter what the circumstances.  All offers presented should be explained completely to the homeowner regarding the price, terms and condtions.  It is up to the homeowner to decide which offer they are going to accept.  

Jan 18, 2015 02:38 AM
Rainmaker
793,147
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Unless the seller has an immediate preference for some reason, the "highest and best" is normally the next step and then again, it is up to the seller. When I am the buyers' agent in a competitive bid situation, I encourage my buyers to write a letter as to why they want to make that particular home their own. The letter, properly written, may sway the seller, all else being equal.

Jan 18, 2015 02:34 AM
Ambassador
4,309,874
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Debbie Reynolds it all depends on how fairly the multiple offers are reviewed.

Jan 18, 2015 02:18 AM
Rainmaker
4,433,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

If there are multiple offers I write down the details on a sheet and compare and discuss with sellers. We look at the strongest offer.

Jan 17, 2015 11:07 PM
Rainmaker
812,893
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

No. Each agent should disclose their process on how they ahndle multiple offer situations to all agents submitting the offers.

Jan 17, 2015 11:06 PM
Rainmaker
1,027,260
Susan Haughton
Long and Foster REALTORS (703) 470-4545 - Alexandria, VA
Susan & Mindy Team...Honesty. Integrity. Results.

Debbie, I think in regards to your comment about agents not responding, the onus is on them.  They know they have an offer out, you would think they would be a little more diligent in staying in contact with the listing agent.

Jan 17, 2015 10:44 PM
Rainmaker
849,440
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Maybe I've missed something. It is not my job to train other agents how to submit a competitive offer. If their buyer is not receiving fair treatment is it most likely their agents issue, not mine.

There is no reward for those who perform poorly, who arrive late, who are unprepared. Unfortunately, their buyer finds themselves under served.

In the MLS listing it will be clearly stated what is required when submitting a purchase offer. The seller will choose the offer that is most FAIR TO THEM.

If the offer is submitted on the wrong form, required documents missing, wrong lender and offer price outside reasonable conversation, it is neither me nor my seller who will be unfair. We will give preference to those who have demonstrated they can read and follow directions and more likely represent a higher assurance of closing.

Of course, everyone will get the 'Highest and Best' response. How the buyer responds is entirely up to them. They will not be rewarded if others are ready to play ball while they debate if the 'Highest and Best' a ploy to get them to raise their offer. Of course it is. Is that fair?

Of course one of the buyers is located 2300 miles away and needs 2 days to respond because he lives on a mountaintop and only has access to the grid when he descends to the post office. In a multiple offer situation, with a contingency leveraging a predetermined closing date, what would be fair regarding how to treat Grizzly Adams that would not be unfair to those who are ready to close now?

Jan 17, 2015 09:15 PM
Rainer
46,175
Denise Delozier, Realtor, CNE
Reliant Realty ERA Powered - Nashville, TN
Nashville, Brentwood, Franklin & Middle Tennessee

Whenever there are multiple offers coming in, we have a written notification form that we send out to all of the bidding buyer's agents to give everyone a chance to re-submit their highest and best within a reasonable deadline.  I always make a call and send a text to the Buyers' agents after sending out the notification e-mail to make sure they are aware of the situation.  If an agent does not respond at all by the deadline, then their buyers' original offer is still submitted to the seller, as is.  Some buyers stick with their original offers while others will sweeten things up a little.  Of course, the seller still retains the right to counter the fine points on the winning offer so until we have a binding agreement, all is not completely lost for the other bidders.  I think this is the fairest possible approach in this situation and it tends to work well here. 

Jan 17, 2015 04:11 PM
Ambassador
3,986,094
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Evelyn, It is the communication that is difficult. Some agents don't answer or respond to your communication and you have to wonder did they get the messages and get a fair shot.

Diane, That is definitely the goal and what we strive to do.

Jan 17, 2015 12:55 PM