Foreclosure in Lansing>Question Details

Bob, Home Buyer in Lansing, MI

In your opinion what does a seller agent mean when they say they have a very strong offer?

Asked by Bob, Lansing, MI Sun Jan 18, 2009

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10
Keep a good thought, Bob, and let us know how it turns out! It's always fun to see buyers who are so enthusiastic get the home they really want. It's one of the best parts of this business!
Web Reference: http://MIHomeSeller.com
0 votes Thank Flag Link Tue Jan 20, 2009
We were told maybe Friday we would know. He wouldn't say how our offer stood or whether just that maybe we would know on Friday. Also, he did hold entering offers Friday evening until we wrote our offer so....
0 votes Thank Flag Link Tue Jan 20, 2009
Bob, don't lose heart! The fact that they waited for your offer is a good sign. Oftentimes when there are multiple offers the seller may once again come back with a "highest and best" request (even though they already said to submit it that way). You and your agent have to decide what the home is really worth, both in terms of market value and in terms of value to you personally (i.e. is it in a preferred neighborhood, near kids' schools, etc.) and decide on your final price in case this situation comes up. 15% over asking SEEMS like a very good offer, it just depends on who else is bidding against you and their offers. Be careful not to get too caught up in the highest and best situation, if they sense how much you want this home the seller could be bluffing to push the price higher. Be at peace with your offer as there are plenty of other homes on the market. Good luck!
Web Reference: http://MIHomeSeller.com
0 votes Thank Flag Link Sun Jan 18, 2009
Hi Bob,

Today they say highest and best...........because sometime best is not the highest...............

Say a cash offer that was going to close in 2 weeks but 5 grand less........I have seen them take a deal like this as well..........................

It just depends what they are looking for....................

Good luck!
0 votes Thank Flag Link Sun Jan 18, 2009
Bob, you put in your best offer and now all you can do is wait. Hope for the best! Are they working tomorrow? h
0 votes Thank Flag Link Sun Jan 18, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
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It's driving me nuts not knowing
0 votes Thank Flag Link Sun Jan 18, 2009
We were told he wouldn't submit offers until he got our but make sure it was our highest and best. The house came on the market on Wedesday and Friday he was submitting offers
0 votes Thank Flag Link Sun Jan 18, 2009
Seller agent making that statement they have reviewed the offer presented to property owner, offer supported by a strong lender approval letter, more than likely have an executed agreement within a short amount of time if not hours.
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sun Jan 18, 2009
Thanks, we wanted an inspection, but offered 15% more than asking. Hopefully, this will beat it out
0 votes Thank Flag Link Sun Jan 18, 2009
That the offer has no contingencies, the buyer is financially qualified and today I would say fairly close to the asking price.
Thanks
0 votes Thank Flag Link Sun Jan 18, 2009
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