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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Sun, 09 Oct 2005 21:42:24 -0400 /

Author of the message: Keith Karolyi

Title of the message:

Re: Multiple offers on house for sale

Text of the message:

> what should I do, in terms of possibly asking for more in case the price
> was too low, but without risk of offending or turning off
> the bidders? Thks,
>
> Jim

Hi Jim:
The first thing I said to myself when I read your post is "Wow, he got an
offer higher than list. Folks here in the Detroit area consider themselves
fortunate if they just get an offer!"
Since you already have a couple of offers in hand with at least one above
the list price, you're best bet is to successively give each prospective
buyer or agent a chance to see the highest offer and give them an
opportunity for offer improvement. When the last offer stands unchallenged
and there are no new offers received from other buyers, you can be assured
that you have probably gotten as much as the market will bear.
Congratulations on your soon-to-be sale!
All Success
Keith L. Karolyi
K2 Property Services Inc.
734 771 8784
k2propertyserv@wowway.com
.

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