how fill out a multiple offer highest and best request form?

Asked by sonny11706, McDonough, GA Sat Oct 12, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

7
LaShonda Sol…, Agent, Marietta, GA
Tue Oct 15, 2013
Hello,

A multiple offer form is usually received when several buyers have submitted offers on a particular property. This provides an opportunity for potential buyers to review their offer and decide if they want to increase, decrease or maintain the already submitted offer. Hopefully you have an agent representing you. That agent should be able to provide guidance on how to proceed in a multiple offer situation.

LaShonda Solomon
Associate Broker
Keller Williams Realty Signature Partners
(678) 477-5226
LaShondaSolomon@kw.com
http://www.AtlantasPremierProperties.com
0 votes
Gary Geer, Agent, Antioch, IL
Sun Oct 13, 2013
sonny11706,
Your agent should provide guidance for you in this situation. Highest and best means that the lender who owns the property has other offers in addtion to yours. They usually ask all potential buyers for their best offer. My advice to clients usually is to provide thir maximum offer they can live with if they really want the property. That way if they don't get the property at least they gave it their best shot and can move on knowing that. You may not get a second chance to provide another offer on this property.
0 votes
Rodney Mason, Mortgage Broker Or Lender, Atlanta, GA
Sun Oct 13, 2013
That is really something that your Buyer's Agent should be handling for you.

If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com to get started.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePath® | HomePath® Renovation | HomeStyle® Renovation | VA | USDA | GA Dream | Jumbo Financing.
0 votes
Jen and Mark…, Agent, Holmes Beach, FL
Sat Oct 12, 2013
Your agent will help you with this. They will check the boxes or fill in the blanks, to either keep your offer as is with no changes, change the terms of your offer or withdraw your offer.

Best wishes.

Jen and Mark Bowman
Keller Williams Realty
941-840-0117
0 votes
Marge Bennett, Agent, Fort Myers, FL
Sat Oct 12, 2013
Your agent should be helping you with this.
0 votes
Ava Anderson, Agent, Snellville, GA
Sat Oct 12, 2013
Normal there are boxes you check acknowleging you understand their are other offers. There is normal a box for keeping your offer the same and a box or blank for a new offer. If you don't have a buyer's agent I would suggest you get one next time around. Larry is right you don't want to go over board and your agent could provide advice on th is.

Ava Anderson
Solid Source Realty Inc
Associate Broker
770 369-5121
0 votes
My NC Homes…, Agent, Chapel Hill, NC
Sat Oct 12, 2013
I am assuming you're referring to a notice you may have received by email for a bank owned property and that you aren't working with a Realtor. It's pretty straightforward, the seller is notifying you that there are multiple offers and that that all potential buyers are being given the opportunity to present on last offer, "their best and final"

You fill in the top price you're willing to pay and any other basic information requested on the form and submit it as instructed. and then keep your fingers crossed.

If you are working with a Buyer Broker you should be consulting with them regarding your strategy. I'd also suggest you not get carried away rarely are bank owned properties the deal that buyers think they are. I've been buying and flipping homes for almost 35 years and am in the business and I've personally never bought a foreclosure.

Hope this helps.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more