"Of course I love my Mom", you say. "Do I have more than one?" You may not even have ONE. I'm talking about your Multiple Offer Management System.
There's been alot of discussion lately about how to deal with multiple offer situations and "highest and best" offers. Do you have a system in place to deal with multiple offers that is to the best advantage of your client, be they a Seller or a Buyer? As a Listing Agent, how do you assure the Seller that they indeed are getting the highest and best offer? As a Buyer's Agent, is there a way for your Buyer to know exactly what they must bid to get that home of their dreams? If you don't have all the answers, you may need a MOMS.
A Multiple Offer Management System sounds a little more techie than an auction, doesn't it? But that's exactly what an auction system is. It's a way for Listing Agents to remain in control of the sales process on behalf of the Seller, by utilizing the auction method of sale to force multiple offers, and thereby assure the Seller that they are indeed getting the most possible for their property. For Buyer's Agents, it's a way to take the stress out of not knowing exactly how much to make their highest and best bid for in order to get that home of their dreams.
BidOnRealty.com offers a Realtor®-controlled online auction platform, as well as a paperless Make Offer system for offers prior to the start of the auction. Buyers can also purchase at a predetermined price if they do not want to participate in a competitive bidding situation. As part of our beta-phase rollout, we are offering your first 5 listings for free. Take a look. I promise you'll be glad you did.