Quote:
Originally Posted by Nabatron
offer coming in tonight  |
Great news! Regardless of the total number of offers you might be receiving, bear in mind that a good realtor can always do some off-record / unofficial negotiations for you with their counterpart. If I am understanding a realtor's typical practice correctly, the buying and selling realtors often perform additional unofficial probes or negotiations with each other in attempt to secure a "best offer" for their clients. All of this happens after an offer is made to purchase a property, but before any offer is accepted or rejected by the seller.
Esp given the current market conditions, this may or may not work in your favour. Nevertheless, esp if there are competing bids, your realtor can probably employ this tactic in attemt to squeeze an extra $5 - $10k out of the buyer.
On the flip side, the buyer might also employ the same tactic to probe your agent to see where your bottom line price lies. Ultimately, you're the one that makes the final decision on what price you're willing to accept, and whether you should follow your realtor's recommendations and/or market analysis.
Once again, good luck!