When people are encouraged to submit an offer, they will. Especially if you write in that you are considering all of them.
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I’ve been experimenting with some verbiage lately when listing a property on the MLS, and I’ve seen some pretty positive results. I write on the listing that the seller is, “Extremely motivated and considering all offers.” A lot of people are hesitant to say something like this because they don’t want to get flooded with lowball offers and buyers just looking for a good deal. However, I am finding that this technique helps generate more offers overall.
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Having more offers is a good thing.
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More offers equal a higher chance at a bidding war. I would say that 35% to 45% of the multiple offers I receive are good to great offers, and the rest aren’t. As a listing agent, I can leverage the lower offers to get the better offers to either come up in price or improve their terms so you aren’t leaving any money on the table.
Many people out there that will submit a bad or low offer sometimes don’t because they don’t want to offend the seller. When you encourage them to submit it, that means you are encouraging more offers. Listing agents and sellers like options. Have your agent write in the exact passage I mentioned above and I think you’ll see an increase in activity, offers, and the final sale price.
If you have any questions for us, we would love to hear from you. Share this video with anyone you know that is selling, too. We look forward to continuing to bring you helpful information in the future. Until next time, happy selling!
If you have any questions for us, we would love to hear from you. Share this video with anyone you know that is selling, too. We look forward to continuing to bring you helpful information in the future. Until next time, happy selling!
