Is it possible for Seller to have TOO MANY OFFERS?
By Scott Godzyk, One of the Manchester NH's area Leading Agents
(Godzyk Real Estate Services)
Is there such a thing as getting "too many offers?" Something is going on here in the Manchester NH area that I want to share. Two homes on the same street go on the market near the same time. Same style, same age, same size and similar condition. Lets look at the first home. The Seller choose a Listing Agent that under priced the home at $310,000 to encourage a bidding war. They held all showings until a weekend open house. Held all offers until Monday at noon. They had well over 100 people through the home. They got 41 offers with the highest offer $30,000 over asking price. Lets look at the second home. They chose a full service local agent who priced the home at market value. It was listed at $349,900. They started showings when the home was placed in MLS. They had 9 showings the f...
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