Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties)

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Rainmaker
1,231,549
Mary Yonkers
Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA
Erie/PA Real Estate Instructor

Might be the look on a lot of faces Nov. 9th

Nov 03, 2016 10:18 PM
Rainer
222,865
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

As a buyer, I would want some proof, and not just take someone agent's word, but to jack up the price, but that's me. If you really want the house, and it is your dream home, figure out your best price and pray. If you loose out, remember what my dad always said, " If you miss the bus, there's another one coming in 5 minutes" Buy a house with your mind, not your heart.

Nov 03, 2016 11:22 PM
Rainmaker
5,570,642
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

give it your highest and best mr/mrs buyer....

Nov 03, 2016 09:27 PM
Rainmaker
3,069,684
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Bob Betel nailed this one!

Nov 03, 2016 11:23 PM
Rainmaker
4,018,203
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

What is your highest and best? Or, do you want to pass and avoid the bidding war? Your choice!

Nov 03, 2016 11:13 PM
Rainmaker
1,157,435
FN LN
Toronto, ON

Multiple offers have been very common in my area for a number of years.  We have a very good market here.

Nov 03, 2016 11:23 PM
Rainmaker
2,610,400
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

All we can do is wait and see unless you want to.............................

Nov 03, 2016 10:51 PM
Ambassador
1,616,204
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

WE have all been there--next

Nov 03, 2016 10:50 PM
Rainmaker
1,697,139
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

You've selected a great house & other people think so too. Make your highest & best offer at this point.

Nov 03, 2016 10:39 PM
Rainmaker
6,366,501
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Make sure you have given your best offer.

Nov 03, 2016 10:36 PM
Rainmaker
1,623,972
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

You have to go with the flow and put out your best cat collar.

Nov 03, 2016 10:04 PM
Rainmaker
3,527,924
James Dray
Fathom Realty - Bentonville, AR
Exceptional Agents, Outstanding Results

With the market being what it is today around here that is not uncommon

Nov 03, 2016 09:38 PM
Rainmaker
3,872,091
Richard Weeks
Dallas, TX
REALTOR®, Broker

In our market it is the norm.

Nov 03, 2016 09:32 PM
Rainmaker
3,955,698
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

It's not an uncommon situation in most of my market.  It's discussed during the initial meeting with a client.  

Nov 03, 2016 09:32 PM
Rainmaker
1,379,014
Raymond E. Camp
Howard Hanna Real Estate Services - Ontario, NY
Licensed Real Estate Salesperson Greater Rochester

Amen

Nov 03, 2016 09:26 PM
Rainmaker
3,904,858
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

It may be me, Lise, but I'm missing information about the situation.

Nov 03, 2016 09:26 PM
Rainmaker
1,044,289
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

Always be prepared it saves time and improves odds.

Nov 25, 2017 06:48 AM
Ambassador
4,090,993
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Exactly what Wayne Martin said!  Let's put your best foot forward and see how this plays out.  It also depends upon how desperately they've been looking - if they've missed a couple already because they didn't respond quickly enough, typically they'll do whatever it takes to get it!

Nov 05, 2016 11:53 AM
Rainmaker
624,925
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & Aliso Viejo

Find out if they are willing to compete, probe to find out what it will take for them to get the home, hope and pray.

Nov 05, 2016 11:25 AM
Ambassador
4,312,167
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Lise Howe - yes, it is still going on in our area, too.

Nov 04, 2016 04:12 PM
Ambassador
3,986,518
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

That is exactly how I feel, especially if I have been trying to get them to do it much sooner.

Nov 04, 2016 01:23 PM
Ambassador
2,224,067
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

That's when you ask for highest and best. 

Nov 04, 2016 12:56 PM
Ambassador
2,545,439
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

BTDT

Nov 04, 2016 12:07 PM
Rainmaker
3,985,771
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

This is a normal occurace in my area

Nov 04, 2016 11:29 AM
Rainmaker
1,509,902
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

And especially if buyer insist on starting low to see if there is any space for negotiation. 

Nov 04, 2016 10:30 AM
Rainmaker
3,329,292
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Lise Howe Very similar situation of multiple offer on a property.

Nov 04, 2016 07:38 AM
Rainmaker
1,361,528
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Bring in your best.

Nov 04, 2016 05:46 AM
Rainmaker
5,364,929
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Lise,

Everyone gave you great answers.  If I were the buyer, I would move on and say, "Next!"

Nov 04, 2016 05:17 AM
Ambassador
3,297,811
Chris Ann Cleland
Long and Foster REALTORS®, Gainesville, VA - Bristow, VA
Associate Broker, Bristow, VA

The only thing you can do is advise your clients to make their highest and best offer.  If they don't put forward their best terms, at least they will know better next time they encounter a multiple offer situation.

Nov 04, 2016 05:12 AM
Rainmaker
1,444,627
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Lise Howe It's time for the buyer to step up and make their best and final offer if they really want the house.

Nov 04, 2016 05:09 AM
Rainmaker
4,799,306
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Let the buyer know that there is some competition.

Nov 04, 2016 04:39 AM
Rainmaker
605,010
Eve Alexander
Buyers Broker of Florida - Orlando, FL
Exclusively Representing ONLY Orlando Home Buyers

I can usually guess good when I look at a new listing if it will have multiple offers...that is commonplace here on anything under $300K.

Most of our clients will listen to our advice and go over asking if needed.

My question to my buyer is "How will you feel if you loose the house over a few thousand dollars?"  Even those that say they do not care, really do care.

Eve

Nov 04, 2016 04:20 AM
Ambassador
3,222,594
Anna Banana Kruchten CRS, CRB, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

We go through this on and off in our market.  Some buyers want to put in their highest and best offer. Others don't want to mess with it.

Nov 04, 2016 03:39 AM
Rainmaker
526,860
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

Made me smile.  Thank you, Lise Howe!

Nov 04, 2016 03:12 AM
Ambassador
3,000,915
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

highest and best ... that is all any buyer can do. If it is not this house we will find you another one you like even better.

Nov 04, 2016 02:46 AM
Rainmaker
806,727
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

I say let's make a good offer and write a mushy letter.

Nov 04, 2016 01:12 AM
Rainmaker
1,135,987
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

I am in the midst of one right now. They price it so low to get everyone who looked at to put an offer.

Nov 04, 2016 01:12 AM
Rainmaker
831,528
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Pass or submit best offer and keep looking.

Nov 04, 2016 01:07 AM
Ambassador
3,640,938
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

OUCH is all I can say

Nov 04, 2016 12:54 AM
Rainmaker
407,156
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

As a Buyer's agent you need to prepare them to put their best foot forward, but also as the Agent if you can ask the Seller's agent if you can present the offer to the Seller face to face to demonstrate the Buyer's qualifications for purchasing, you may have a better chance of having your Buyers offer accepted.

Nov 04, 2016 12:09 AM
Rainmaker
414,915
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, REALTOR®

Good morning Lise,

LOL, it depends on how bad my buyer wants it.

Nov 03, 2016 11:53 PM
Rainmaker
906,623
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Highest and best - we can only assume it to be true however

Nov 03, 2016 11:44 PM
Rainmaker
868,991
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

"How  much do you want the house?"

Multiple offers tend to scare the other folks away.

Those who piddle around while others are taking action indicate they are ill prepared mentally to 'not blink' when the situation gets intense.

IT is  when #2 gets purchased by other buyer that they really get serious.

It an education process for the buyer. If they are teachable, they will respond accordingly.

Nov 03, 2016 10:22 PM