Is the HIGHEST offer Always the BEST ?

By
Real Estate Agent with Keller Williams 414-525-0563

Money    We are the listing agents....who want your "highest and best" offer the first time...not fond of multiple counters with twists and turns...inclusions that are not listed as being included....closing dates that no one could possibly accomodate, pennies for earnest money and the all time favorite "Seller to pay closing costs of up to and including $$$$$".

   We believe the best offers are offers where the Buyers have shown some "skin in the game."   The choice to buy a home...save for down payment, pay closing costs, due a timely inspection, are taken care of by the buyer(s).

   Of late, we have seen some "over the top" offers...beyond the asking price with a laundry list of what the seller will do....or in the case of Short Sales, what the Buyer and their agent expect the bank will do for the money that they choose to offer. The list can include but is not limited to....closing cost credit, inclusions of items not included in MLS from major appliances to landscape decor and the list goes on and on.

    Then there are offers...earnest money within 3 days of Sellers' acceptance, 10 day inspection contingency, reasonable price that will appraise...not an out of the park number likely to encounter further negotiation, and a reasonable closing time...ahhh....how do you Spell relief ?  Not always the highest...but these kind of offers are the best.

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS

Sally K. & David L. Hanson  

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Re-Bloggged 4 times:

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  1. Anna Banana Kruchten 03/14/2012 04:41 PM
  2. David & Lisa Webber 03/15/2012 06:30 AM
  3. Gabe Sanders 03/19/2012 03:25 AM
  4. Barbara Martino-Sliva 03/19/2012 03:28 AM
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Topic:
Home Buying
Tags:
hansonrealestatenet
highest and best
buying a home

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Rainmaker
1,274,281
Sally K. & David L. Hanson
WI Realtors - Luxury - Short Sale - CDPE, REDS
Keller Williams 414-525-0563

If only we could choose the buyers...or their agents...or the appraisers...or ...

March 17, 2012 03:39 AM
Rainmaker
192,165
Sandy McAlpine
Search Lake Norman Homes For Sale - Lake Norman NC
McAlpine Properties

I thought I was the only one feeling this way. I can't believe the gall of some of the offers i receive on my short sales. Ha

March 18, 2012 01:02 PM
Rainer
17,362
Mark Hoggard
Churchill-Brown & Associates - Nichols Hills

What I've found is that my "seasoned" buyers are much more willing to make a realistic offer - including a higher than customary amount for earnest money -  that is likely to get accepted. Sometimes, if they do make a low offer, I have facts & figures in hand to back up their offer. More often than not, these are accepted - countered maybe only slightly higher, as opposed to a ridiculously high counter.

March 20, 2012 08:13 PM
Rainmaker
268,204
Steven Pahl
Real Estate Consultant Tampa, FL 813-319-6423
Keller Williams Tampa Properties

Sometimes the "highest and best" offer disappoints sellers because the listing is ridiculously over market, whether a "normal" sale with equity or as a short sale.

March 26, 2012 07:41 PM
Rainmaker
124,583
Matt Robinson
Pensacola Real Estate (850) 292-4000
ERA Emerald Coast Realty

No doubt, terms are oftentimes just as important, if not more important...than price.  Everything has to be considered in an offer, and I'm with you...reasonable terms make things so much smoother. :-)

January 28, 2013 10:30 AM
Anonymous
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Rainmaker
1,274,281

Sally K. & David L. Hanson

WI Realtors - Luxury - Short Sale - CDPE, REDS
For All Things Wisconsin Real Estate...Call the Hansons
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Southeastern Wisconsin Real Estate Ambassadors including Waukesha, Milwaukee, Ozaukee and Washington County as well as the Lake Country area Short Sale Specialists