Sellers Receive 17 Offers For Their House, How Do They Pick The Best?
By Antonio M. Cardenas Broker Associate, "The Realtors In Motion"
(RE eBroker Group - San Leandro, CA.)
At the end of May 2012, a couple who are looking in San Leandro, CA to buy a home for their kids, saw this new listing in the area of Assumption Parish, asking price: $390,000 A day after we saw it, the listing Realtor informed us that there were 5 offers coming in, that the sellers will wait until the end of the weekend to see how many more offers would come, they set up a deadline and we all waited. A total 17 offers were received on this property! my client wrote an all cash offer for $415,000 which was $25,000 above the asking price and was not even on the top 3 offers. I believe it sold for above $440,000, that is $50,000 above asking price, you might think this is an easy choice for the sellers, and in some ways, it is true, out of all those offers, one is bound to give the seller...
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