Here is the situation, we will be making an offer on a house along with others, if our offer is lower, will

Asked by Lorraine, Chesterfield, NJ Wed Jul 9, 2008

the (it is an estate sale, no realtor involved) attorney tell us so we can counter offer?

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6
J R, , New York, NY
Wed Jul 9, 2008
BEST ANSWER
Hi Lorraine, without other details, this is all I can tell you: maybe yes, maybe no, probably not. There is no realtor on EITHER side?
1 vote
Wayne F. Smi…, Agent, Hillsborough, NJ
Wed Jul 23, 2008
Lorraine,
Not every offer is price based. There are other aspects such as a potential home to sell in order to complete the transaction, closing dates, etc. I would ask the attorney how he or she will handle this. It is common for a "best and final" round of offers. Make sure that your strengths beyond the actual prce are well known to all parties involved.
Web Reference:  http://www.waynefsmith.com
0 votes
Jeanne Feeni…, Agent, Basking Ridge, NJ
Fri Jul 11, 2008
Hi Lorraine, I am in the midst of a transaction in which my buyer has written two heart-felt letters, one accompanied our initial offer and the second, when we were nearly unseated while in attorney review by a higher offer. We did have to come up some, but I think the personal touch created a very real connection that was instrumental in our holding the transaction together in spite of a competing offer that was in fact higher than ours.

Best,
Jeannie Feenick
Weichert Realtors
Search and connect at http://www.feenick.com
Web Reference:  http://www.feenick.com
0 votes
Diane Glander, Agent, Spring Lake, NJ
Fri Jul 11, 2008
You should ask the attorney handling the sale how he will be dealing with the offer(s). And, if you are not already using an attorney of your own, you should definately hire one to watch out for your best interests.
Web Reference:  http://www.dianeglander.com
0 votes
;, , Riverhead, NY
Wed Jul 9, 2008
Lorraine, you might include a letter appealing to the owners- adding a bit of personalization to the offer- perhaps, if they sense your desire for the property, they'll give you a shot if there's another offer a bit higher.
Web Reference:  http://optionsrealty.com
0 votes
Kenneth Verb…, Agent, PRINCETON, NJ
Wed Jul 9, 2008
Depends upon the attorney and executor. They may just go with a "better " offer or someone they know and already introduced home to. You may want to ask them this question. If I were representing sellers I would be asking for a highest and best offer as soon as I knew there were multiple offers. That would be the end of it.
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