Wednesday, September 3, 2008

The Same Question

Over and over again the same question always comes up regarding a multiple offer or competing offer in a transaction in real estate and that question is.......

Well here is the straight forward, no holding back answer....."NO".

In real estate part of our duty as registered real estate representatives is to ensure the best interests of our client(s). To divulge "offer" information does not protect the interest of any parties to the current transaction. So even if I knew the answer, I can't and won't tell you, nor should your representative. The only way to find out if your offer is the "best" offer, is to submit it, have your representative present the offer, and see if it accepted. That doesn't always mean you beat out the other offer monitarily speaking. Your offer could have been the lesser for money, but may have had better conditions or no conditions at all which are worth money in a round-about way.

The best way to ensure you don't end up in a competing offer situation is to get your offer in right away...don't wait around.

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