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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Mon, 10 Oct 2005 06:23:14 -0000 /

Author of the message: Jim Logajan

Title of the message:

Re: Multiple offers on house for sale

Text of the message:

dynamorph@hotmail.com wrote:

> i've never sold a house before. I put my house on the market
> for what realtor said it should be priced at. His price is
> reasonable based on similar houses which have sold nearby
> this year. after one day there are 2 offers, both at or above
> the asking price, and another interested party. 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,

Ask your realtor's advice - that's why they earn the big bucks.
Multiple offers within one day clearly indicates you are in a seller's
market or underpriced - do not worry about "offending" buyers. Be
respectful and diplomatic of course, but you (or rather your realtor)
should indicate to the interested parties that you have multiple offers
and ask if any are interested in increasing their offers. If you were

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