Special offer
Paul S. Henderson, REALTOR®, CRS, South Puget Sound Washington Agent/Broker! (Fathom Realty Washington LLC)

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Rainmaker
5,868,554
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

My buyers have made offers that I felt would not appraise, and did not offer to pay over appraised value.    Sellers should know then, that they will get the highest and best price for their home.

Sep 24, 2015 04:16 AM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

Paul, at this point, the "winners" of your bidding war no longer have the most attractive offer.  I'd go on to the next.  The price isn't everything.

Sep 24, 2015 03:03 AM
Rainmaker
175,614
Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

I agree, then there is no point, take the strongest offer you have in writing.

Sep 24, 2015 01:34 AM
Rainmaker
784,786
The Woodland Team of Texas
The Woodland Companies - Austin, TX
Land Specialists

Nice to have a second offer.

Mar 03, 2019 02:26 AM
Rainmaker
979,496
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Paul - If the buyer does not agree to pay amount over list, you have other offers, so just move on to the next best one.

Not sure why a buyer would even bid over list if they were not interested in paying that amount.

Sep 24, 2015 04:43 PM
Rainer
112,947
Vera Gonzalez
RE/MAX Suburban, Inc. - Sterling Heights, MI
Gonzo For Real Estate

Anything they cannot back up is essentially a non offer. 

Sep 24, 2015 08:15 AM
Rainmaker
4,572,183
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

No signature, no deal.  

Sep 24, 2015 08:10 AM
Ambassador
6,393,494
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Time to go on to the next bid

Sep 24, 2015 07:38 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Without it on paper and backed up by a proof of funds letter you have nothing but hot air.

Sep 24, 2015 07:11 AM
Rainmaker
2,781,173
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

yes and no...yes based on the obvious and NO..an appraisal is a material fact which changes things...What to do? Whats best for all concerned with bias for your client

Sep 24, 2015 05:59 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If I understand your question correctly, Paul, these buyers are not putting their best offer in writing.  I wouldn't go for that at all.

Sep 24, 2015 05:18 AM
Rainer
145,403
Andrzej Niemyjski
Realty One Group - Sun City West, AZ

Your seller have a choice of picking any offer they prefer and does not have to be the highest.  Giving up X number of dollars could be major saving in the long run.

Sep 24, 2015 03:14 AM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Paul S. Henderson, Realtor, Tacoma Washington If this is above board and they say they will be responsible and pay the amount over the list price, why not remove the appraisal contingency and ask for proof of funds to cover the overage should it not appraise? Putting in a time line is a good move.

Sep 24, 2015 03:02 AM