I'm sorry I Just Can't Answer Your Question

By
Real Estate Broker with CJ Realty Group, Inc.
http://actvra.in/5CB

I'm Sorry But I Can't Answer Your QuestionIt is never easy to be on either side of a multiple offer situation.  Whether you are representing the buyer who doesn't understand why their offer wasn't selected or representing the seller who had to make the choice between offers.

Over the last few weeks I've had a couple of properties where multiple offers were received in a matter of days.  The owners had some tough decisions to make.  Not one that I envy them having to make.  My role is to provide guidance, not make the final decision for them.   I can't disclose to the buyer's agent or the buyer's why their offer wasn't selected.  It's not that I'm being difficult or want you to wonder why your offer wasn't selected, it's that I can't tell you. 

You see I have a duty that is clearly spelled out in the Realtor® Code of Ethics and the listing agreement the sellers signed with me to maintain the confidentiality of my client.  I can disclose, if my client says it's okay that there were other offers and if those offers came my own clients, another member of my firm or a cooperating broker.  But that's it.

When a property goes to settlement a buyer may get a glimpse behind the seller's selection of offers but even then I can't answer any detailed questions.  I understand you are disappointed.  Last year I wrote a post entitled "Highest and Best Aren't Always Synonymous" that helps sum up the dilemma that everyone sitting around the table with a stack of offers has to deal with.

I wish I could offer you more but I'm bound by ethics not to say more.

 

 

 

 

Posted by

                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and CJ Realty Group,  a call at 703-346-2213. 

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Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.
CJ Realty Group Woodbridge VA 
Real People*Real Life*Real Estate

Licensed in Virginia



 

 

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Topic:
Real Estate Sales and Marketing
Groups:
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Tags:
multiple offer scenarios
multiple offer questions

Comments 38 New Comment

Rainmaker
1,379,947
Laura Cerrano
Authentic Feng Shui Expert
Feng Shui Manhattan Long Island

Hey Cindy,

It's true, people just want "the job done", the lack of honor and respect for the given profession is all over.  Customer, clients, whom ever should respect the standards and ethics that you or who ever they choose to work with have.  I personally would want to hire a person with ethics because you know the job will get done and get done correctly.

February 21, 2011 08:37 AM
Rainmaker
989,722
Rob Thomas
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954

Cindy... Thanks for the post....most people don't understand this. 
Hope you have a great day!---Rob

February 21, 2011 08:55 AM
Ambassador
1,771,093
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
CJ Realty Group, Inc.

Barbara Jo-I know I continue to learn new things in our business but this rule is taught in RE 101.

February 21, 2011 10:11 AM
Ambassador
1,771,093
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
CJ Realty Group, Inc.

Laura-it is important to understand that there are certain boundaries we can not cross.  If some agents want to that's up to them but I'm not one of them.

February 21, 2011 10:13 AM
Ambassador
1,771,093
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
CJ Realty Group, Inc.

Rob-it's one of the fundamentals in our industry.

February 21, 2011 10:13 AM
Ambassador
1,771,093

Cindy Jones

Pentagon, Fort Belvoir & Quantico Real Estate News
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