Mike McLaughlin, ABR, CRS, GRI
Office: (614)267-4847   |   Cell: (614)946-4727
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A Buyers' & Sellers' Guide to Multiple Offer Negotiations
The Clintonville sellers’ market is sizzling! There are fewer new listings here than in mid- April of 2015; and the total number for last year was lower than in 2014. But the demand for homes remains vigorous. So half of new listings go to contract in five days or less. When sellers reach deals this fast, they have typically garnered competing offers.
 
This situation makes buyers anxious. Lately, they tend to bid more than the posted price, even for new listings without a market history. Frequently, a buyer offers to take the home "as is", to make the deal more more convenient - and attractive - to the seller. And most bids are now accompanied by letters making a personal appeal for consideration.
 
But a seller has challenges, too, when faced with multiple good offers. Dollar amounts are just one factor. In addition, some buyers can pay cash while others wait for loan approval; some want to close sooner than others; etc.
 
As a help both to buyers and sellers in this market environment, I'm providing this link to A Buyers' and Sellers' Guide to Multiple Offer Negotiations, written by the National Association of REALTORS® that gives useful advice for all parties to a multiple-offer situation.
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RE/MAX Capital Centre, Inc.
3805 N High St • Columbus, OH 43214
Office: (614)267-4847 • Cell: (614)946-4727



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