Handling Multiple Offers on Your Home
By Pete Cullen ~ Broker Associate, GRI,CRS, Serving The Entire Monterey Bay Area
(Bailey Properties, Inc.)
With demand increasing and supply of existing homes staying flat, it is becoming more common for most home sellers to receive multiple bids on their home. The California Association of Realtors has released a new infographic on how those who received multiple offers on their homes handled the situation. According to CAR, in 2013, 98% of home sellers received multiple offers on their home, with the average number of offers hover around three each. Certainly fantastic news to those who are looking to sell in the coming year. Not surprisingly 77% of those who received multiple offers choose to go with the highest bid on their home, but some 47% also choose to go with the offer that had the best mortage qualified buyer. Make sure to check the CAR infographic for all the ways in which sel...
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