You are probably thinking …what possible con’s could there be in a multiple offer situation? Surprisingly there are a few things on both sides of the fence to consider…

Starting with the Pros:

1. You are in a good position to get your asking price.
2. Negotiations are usually quick and uneventful or unemotional.
3. You will be able to pick the offer that best suits all of your terms: price and possession date.

However, in buyer’s market there are some things to consider ..now the Con’s:

1. In a buyer’s market, buyer’s are averse to getting into bidding war – they see it as an unnecessary evil. Especially at a time when they should be getting a deal – not giving a deal to a seller. Often times buyer’s will walk away from a deal in order to find a home that they do not have to compete for.
2. If you come back with an over confident (counter) offer – you may risk offending or alienating your buyer. This is a tricky one to navigate. Proceed with caution and rely on your REALTOR®

Additional “Christy’s Credentials” Articles…

Additional “Edmonton Realtor: KENNEDY Real Estate” Articles…

Christy Van Dyke
Associate | REALTOR®
Your Greenview | Hillview Area Specialist
Search Homes For Sale in Greenview | Hillview 

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