Praful Thakkar, Andover, MA: Andover Luxury Homes For Sale (LAER Realty Partners)

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Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Of course I break into song:
🎶 The First Cut is the Deepest, baby you know🎶

Jun 07, 2018 10:04 PM
Rainmaker
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Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

All you can do is tell them what your experience is. The problem is there is no empirical proof of this... some clients will listen and some won't. At the end of the day, it's their house and their decision. I often say if I could get $100 for each time a client said to me they wished they had listened to me and taken/negotiated the first offer, I could retire.

Jun 08, 2018 03:35 AM
Rainmaker
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Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

I tell them exactly that, and tell them that any offer is a starting point. I also tell them to not take a low offer personally - it's all good. I know you said "full" price offer, but if it's a full price offer, they would already know that's a good-news story.

Jun 08, 2018 03:28 AM
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Share just what you said, Praful. It's always good to share your stories with them too.

99% of the time they trust me and heed my advice but, on occasion, a bit of greed shows through and they learn the hard way!

It's always their choice, as sellers, not ours; we can only give guidance.

Jun 08, 2018 06:39 AM
Rainmaker
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Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

I tell them real-life stories about Sellers who passed up an offer they got & sold a year later for less or are still trying to sell years later. 

Jun 08, 2018 05:02 AM
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It depends.  

Jun 08, 2018 02:48 AM
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Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

I say those exact words to them....

Jun 07, 2018 10:18 PM
Rainmaker
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Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

whether it's first or 5th, each offer should be considered for its worthiness...if it's full price and there are no unusual contingencies, take it and run...

Jun 08, 2018 06:08 AM
Rainmaker
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Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

It depends. You know your market, if it is not looking like a fast sale with multiple offers, suggested them at least to sleep on it before discussing or turning it down.

Jun 07, 2018 11:15 PM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Kat Palmiotti nailed this one!

Jun 08, 2018 05:13 AM
Rainmaker
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Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

It starts before I even start showings. I show them the range of values, what the home is worth, what we should ask and where offers may come in at. I do let them know why first offers are usually the best being that those buyers who lost a dream home previously will make their best offers first, fast and right up front. 

Jun 08, 2018 05:05 AM
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Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

First full price offer.

I see little discussion is needed with a full price offer.

A full price offer on day one of the listing suggests the ball was dropped earlier in the process.

Jun 08, 2018 04:23 AM
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Jeff Perlis Prime Properties
Prime Properties - Lake Arrowhead, CA
Experience Your Own Transformation!

Depends on the offer.

Jun 07, 2018 11:27 PM
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Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

 I tell them your  first offer is usually your best offer? 

Jun 08, 2018 03:54 PM
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Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

       I tell them at time of listing that Tallahassee is not the screaming hot real estate market that you read about in USA Today or hear about on the TV news.   We have an ample number of houses for sale; there is no shortage.   Tallahassee houses do NOT typically get "multiple offers" (unless you want to set the list price really, really low, which I do not recommend).   I show them in MLS how many houses they are competing with, especially the new subdivisions. 

        

Jun 08, 2018 07:09 AM
Rainmaker
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Steve Higgins
RE/MAX Kelowna - Kelowna, BC

If the house is priced t market value and you receive a full price offer, I would tell them it generally is not going to get better than that. They could hold out for more but they run the risk of holding onto the house for much longer. All depends on how bad they want to sell. 

Jun 08, 2018 06:55 AM
Rainmaker
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not always true, but any offer is better than no offer. Try to make it work.

Jun 08, 2018 03:48 AM
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James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

For me personally, I don't pull any punches.  If it continues, I fire them and move on  

Jun 08, 2018 03:45 AM
Rainer
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Mortgages Services - Worthington Springs, FL
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Jul 07, 2018 03:18 AM
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I do explain that, unless it is a low-ball offer.

Jun 11, 2018 06:24 AM
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Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

I don't say this unless the offer is too good to pass up and then I'll just give my opinion and let them make a decision.  I do my best to keep all offers alive as long as possible.

Jun 10, 2018 06:05 PM
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Stories of other's failures generally help.

Jun 08, 2018 09:03 PM
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John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

It has been quite some time since one of our listings only received one offer at a time. The market will change at some point. Now, if a good offer comes in right away, the sellers believe that it is only the first of many. That is why it is necessarhy to establish offer due dates to manage the process.

Jun 08, 2018 05:52 PM
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

That is not always true, so I just tell he clients to work with it.

Jun 08, 2018 05:30 PM
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Lesley Wilson-VanGoethem
Innovative Realty Solutions Group - Winter Springs, FL
Residential Real Estate Broker Associate

If it is full price, I explain that was the price they wanted to get and it is time to Celebrate and start packing!

Jun 08, 2018 05:19 PM
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Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Or it might be their Only offer !

Jun 08, 2018 03:32 PM
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Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

my pre-breif/screening includes parameters to meet and what to beat

Jun 08, 2018 03:16 PM
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Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't think all can be convinced.  We do what we can by explaining market times and pools of buyers, but that's it.

Jun 08, 2018 02:38 PM
Rainer
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Dan Capra
LAER Realty Partners - Lowell, MA
Listing/Buyer Agent

At the listing appointment set the expectations

Jun 08, 2018 02:37 PM
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Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Not in today's market it's not. The first few offers are always low-ball cash investor offers, the next wave of offers is principle buyers. So, that old adage is reserved for specific market trends.

Jun 08, 2018 10:21 AM
Rainmaker
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Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I tell stories about the ones that got away.  It's the seller's choice and all we can do is share our experience and knowledge with them and then wonder if they may be my next story. 

Jun 08, 2018 09:56 AM
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

All you can really do is tell them provide some examples, and hope they listen. Some do. Depends on the offer situation - is there one, or are there multiple?

Jun 08, 2018 09:56 AM
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Dave Halpern
Keller Williams Realty Louisville East (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Show them stats

Jun 08, 2018 09:38 AM
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

If there aren't multiple offers it IS the best offer... at least for the moment.  Every day a house is goes unsold costs money (mortgage, taxes, insurance, maintenance, blah, blah, blah). Factor that in and let the negotiations begin.

Jun 08, 2018 09:24 AM
Rainmaker
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

We guide. We consult. We recommend. In the end, it is the seller who decides.  I recently had a listing with 9 offers.  The last offer in, KNOCKED THE OTHERS OUT OF THE PARK.  It was the offer the sellers accepted. 

Jun 08, 2018 08:15 AM
Rainmaker
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Denise Copeland
Home Sales Palm Beach - Jupiter, FL
Jupiter Abacoa Sales & Beach Front Luxury Homes

I usually tell the seller up front, prior to making the listing active that the first offer is most likely going to be the best. 

Jun 08, 2018 08:03 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I tell them.

Jun 08, 2018 07:50 AM
Rainmaker
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Roy Kelley
Realty Group Referrals - Gaithersburg, MD

This advice should be shared before there are any offers.

Jun 08, 2018 07:34 AM
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Christine Kankowski North SD and Temecula
House Match Inc - Poway, CA
Excellent Sales and Property Management

Before getting the listing live, I explain that the first week it the key to geting top dollar for the house.  Serious, solid buyers already know whatelse is out there and have seen everything. They will be the first ones to come nad see the house and put an offer in.  If they like it, they will submit a good offer.

Those types of buyers are not out there week 2-5.

Jun 08, 2018 07:28 AM
Rainmaker
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Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Praful,

Illustrate your point with true stories, and go from there. A

Jun 08, 2018 07:27 AM
Rainmaker
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Richard Bazinet /MBA, CRS, ABR
West USA Realty - Scottsdale, AZ
Phoenix Scottsdale. Sellers, Buyers & Relocations

I know of the saying... wonder if it's actually true...

Jun 08, 2018 06:47 AM
Rainmaker
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Richard Weeks
Dallas, TX
REALTOR®, Broker

Sorry, I don't subscribe to that notion.

Jun 08, 2018 06:31 AM
Rainmaker
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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

If it is everything you want, do you want to gamble on a bidding war?

Jun 08, 2018 05:27 AM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

This has always been a challenge because sellers often feel that this means biger offers are coming. I tell them it it meets all the requirements why not go with the sure thing.

Jun 08, 2018 05:26 AM
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends. Ask them what they expect the next offer to be. Are they worried about contingencies .

Jun 08, 2018 03:58 AM