Multiple Counter Offers – Bring ‘Em On!!
July 23, 2010 by Kristin LaVanway · Leave a Comment
Bidding on a Foreclosure? It’s Not Over Until It’s Over!
With the competitive Buyer’s market we are seeing in Phoenix right now, buyers are frustrated when they lose out in the bidding wars. But lately, I have seen a surprising turn as buyers are bidding on multiple properties – it’s never over until it’s over!
Buyers are putting in offers on multiple properties to better their odds of winning the bidding wars. But with so many challenges in closing the deal, and the fact soem buyers end up with several accepted offers, I have seen more and more, that even though you may be in a back-up position – 2nd, 3rd, even 4th in line – you might still have a shot at that property.
So don’t be afraid to put in an offer as a back-up – make sure it is a good, strong offer so if your number comes up, the seller will take a good long look at it when the 1st position buyer falls out. It’s NEVER over until escrow closes!
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I am a Realtor in Gilbert, AZ, working with clients throughout the Phoenix Metro area. I am lucky to love what I do and appreciate the difference I can make in people's lives.
In a previous life, I was a rocket scientist - really! - but decided to step away from corporate America to be a Mom to my four boys. Found it hard to do bake sales, so I ran a small independent programming business instead.
Flash forward...I am now a single mom and I face many, many challenges everyday. I am living through the hardships that many are facing in this economy. These experiences have motivated me to help other people in my shoes.
I have teamed up with Dean Ouellette to form the East Valley Team - the best darn team in the Valley. Check out our site at http://www.EastValleyTeam.com. I spend way too much time on YouTube - check ou tmy channel at http://www.youtube.com/klavanway
