Call your agent and get them working for you!!
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
It is a violation of the Realtor Code of Ethics in Texas and unprofessional for another Realtor to give advice or information to the principle (buyer or seller) when they have a Realtor already working for them.
Again, TALK WITH YOUR REALTOR.
to guide you through a multiple offer situation. You can and cannot tell the other side that you have other offers,
I usually encourage my sellers to do so and then ask each one of the potential buyers because there are
other offers, to present their best and highest offer. In today's market you are in an exceptional situation to have several offers.
But be careful! The price is not all to consider when considering the offers, down payment, a lender's pre-approval, closing, do they have anything to sell etc. etc. You should make sure to have an experienced
professional and Area Realtor on your side....
when making counter offers, do them in writing and you can give them a time limit if you want to go to another offer if your counter will not be accepted by that particular potential buyer (remember as you and lucky at this time have several offers at hand, buyers can continue looking at other properties......)
I hope you will involve a Realtor and an experienced real estate attorney to protect yourself and your interests.
Good Luck a happy 2012
Edith YourRealtor4Life~! and your Chicago and Northern Illinois Expert
Working always in the very BEST interest of her clients, buyers, sellers and investors alike....
Edith Always goes the X-tra Mile with a Smile for her clients!
Referrals of your friends, family and acquaintances are always highly appreciated
From the question, I believe it sounds like you do not have an agent helping you with the sale of your home, at least it would appear so.
An experienced agent will navigate you through a mutiple offer situation as you descriped properly and help you realize a maximized price. You definitly need to be careful and not sell your house twice with a counter still outstanding. I hope that helps and If I can answer any further questions please let me know.
As others have suggested, it is often better to put in an expiration date with both offers and counters, so everyone knows where they stand.
If you have other Offers on the table and it's been 4 days with no response - I would terminate your Counter-Offer promptly so that you can 'entertain' those other Offers and enter into Negotiations with them.
Do NOT however enter into negotiations with the other Offers before you've withdrawn your Counter however
Hope it helps !
Jay Narey ABR, ALHS
Keller Williams - Preston Rd.
I'm not sure about the Counter Offer forms in TX but in CA we have an expiration date on them. If the buyer doesn't sign the Counter Offer by that date, the Counter Offer is 'dead'. Talk to your Realtor and see if this is the case in TX and if you need to do an 'official' withdrawal of your Counter Offer. You shouldn't be expected to wait for an undetermined period of time - especially if you have other viable offers.