With some agents seeing upward of 20 or more offers on their listings in today’s market, the process can quickly become overwhelming for everyone involved. Here’s how to sift through what’s important to help sellers make the best decision.
Inman Connect
In this tight inventory market, multiple offers are the norm.
Having many offers to choose from is a good problem for a seller to have, but it’s not without its challenges. Some agents assert that the highest bidder (especially those with all-cash offers) will always be a seller’s best bet, but it’s not always that simple.
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Real estate agents have to be on their toes in this hot market, dealing with bidding wars and multiple offers while protecting their clients’ best interests. At an Inman Workshop titled “How to Navigate Multiple Offers” during Connect Now on Tuesday, Maura Neill, a team leader at RE/MAX Around Atlanta Realty, and Koki Adasi, a team leader at Compass, shared their tips and tricks with moderator Craig Wilburn of Keller Williams Realty Gainesville.
“Like many of you, we’re experiencing challenging times on the buyer side, and even on the seller side,” Adasi said.
Over the last few months, both Adasi and Neill said they’ve seen anywhere from 10 to upwards of 30 offers on properties in their markets, even with million dollar properties getting multiple offers.