Housing Market Bidding Wars
Bidding wars are a seller's dream
Roseville, CA,- When you mark your home for sale in seller's market you feel like you have all the control. It is easy to become over confident and one of the most common seller negotiation tactics which can backfire is mishandling multiple offers.
Bidding wars are a seller's dream and I have never had a client who was unhappy to get competing offers. There is nothing wrong with encouraging competition among buyers in order to get the best deal. But making counter offers to multiple buyers can go wrong if not done well.
When you respond to multiple offers by sending out a counter offer, buyers may assume the worst and the best offer may not respond. Clearly explaining to buyers how offers are being handled will help and giving them a reasonable time to respond without too much time is important. Buyers don't like being in a multiple offer situation and when they respond to one they do not want to wait days for a decision. This is especially true if they have other homes they are considering.
Another common issue with the handling of multiple offers is when one of the offers is much stronger than the others. Insisting all buyers come back with their highest and best bid may result in no response from the strong buyer and you having to select from the lower offers.
When selling in a hot market, proceed with caution before ramping up the competition and listen to your Realtor. He or she has experience dealing with multiple offers and their advice can help you get the best deal.
If you have questions about selling or buying a home feel free to call me at the MagnumOne Realty office in Roseville (916-899-6571) or send an email to me at firstname.lastname@example.org.
About Realtor Julie Jalone
Julie Jalone, wife and mother living in Rocklin, is an experienced professional Realtor ® serving
the Greater Sacramento area including Placer, El Dorado, Yolo and Yuba counties.
Julie may be reached online at www.jalone.com or by calling (916) 276-6883
Check out her daily web blog: Keep it Real in Sacramento
Pet Care | Real Estate | Restaurants | Tech | View All | * Add/Upgrade Business
Placer County News HeadlinesBottleRock Presents Announces Concerts and Festival AftershowsNAPA, Calif. -- BottleRock Napa Valley, presented by JaM Cellars, has sold out all passes to the festival's sixth installment on May 25 - 27, 2018 in downtown Napa
Mesa Verde Country Top 5 Winter Experiences in Southwest ColoradoCortez, Colo. - Mesa Verde Country in Southwest Colorado is a great winter destination. The area boasts mountains, sunshine and everything travelers need for the perfect cold-weather getaway
BottleRock Presents Vines & VibesNapa, CA, - BottleRock Napa Valley presents Vines & Vibes, the fourth annual Do It For The Love Benefit Dinner and Concert on Thursday, May 24, 2018, on the rooftop of the Archer Hotel
2018 Lexus GX570 remains luxurious SUVRoseville, CA,- What most drivers will like about the 2018 Lexus LX570 is the combination of gracious around-town capability and its ability to go off-road in rugged winter conditions
Tree Harvest Cannabis Festival Cancelled, Fall Dates PossibleWoodland, CA- The cannabis themed Tree Harvest Festival scheduled for April 20- 22, 2018 has been cancelled due to a municipality withdrawing authorization
Roseville Gas Prices Ease SlightlyRoseville, CA- Gas prices in Roseville have eased slightly this past week despite the strong upward trend and anticipation of prices pushing toward the $4 gallon mark
Roseville City School District to Share $400,000 Grant(Roseville, CA) - Roseville City School District (RCSD) is poised to be the recipient of $400,000, all aimed to benefit its middle school students through
Kay U. Brooks presented with Don Poole AwardSacramento, CA,- Attorney Kay U. Brooks of Weintraub Tobin was recently awarded the Sacramento Region Community Foundation's prestigious Don Poole Award for her significant contributions
Arson Damage at Margaret Azevedo Park in RocklinRocklin, CA,- On February 17th 2018 at about 10:38 PM, Rocklin Police Officers responded to Margret Azevedo Park in the report of a play structure on fire
Roseville City School District Honors Teachers of the Year(Roseville, CA) - The Roseville City School District (RCSD) recently announced their Teachers of the Year. Heidi Polewaczyk and Michael Larsen have been selected
Roseville Gas Prices Throttling HigherRoseville, CA- A quick look around Roseville had motorists noticing gas prices trending upward. Prices in Roseville have pushed past the $3 mark
IHOP Pancake Drive-thru Benefits UC Davis Children's Hospital(SACRAMENTO, Calif.) - On Monday, Feb. 26, pancake lovers can drive through, eat their fill of short-stack pancakes and make a donation to support sick and injured children at UC Davis Children's Hospital
NEWS: In Case You Missed It