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Let Your Agent Help With Multiple Offer Situations

Wednesday, February 06, 2019   /   by Holly Northup

Let Your Agent Help With Multiple Offer Situations

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How Sellers Should Handle Multiple Offers in Austin
Today I wanted to talk about Multiple Offers because they are becoming a big issue in our Austin marketplace. Today I will be focusing on how sellers should handle this situation.

As a listing agent here in Austin I am seeing more and more multiple offer listings in all price points.

When you're a seller and you get multiple offers, you want to take a look at them with your real estate agent. You need to consider their financing (cash is always best), their option period, and whether they are from out of town or not.

If some of your potential buyers are getting financing, you will want to take a close look at that with your agent.

Also, if you get an offer that is much higher than your asking price, it could become a problem later down the road when your home is appraised.

The main thing to consider here is that you will need a knowledgeable agent to sift through your offers and determine which one is the best for you. Knowing about pricing in the Austin market is a major advantage as well.

Having multiple offers is all that a seller can ask for, but you need a professional to pick and choose which ones would be the most beneficial to you and your situation.

Stay tuned, because next time I will be discussing what to do if you're a buyer handling a multiple offer scenario.

As always, if you need help buying or selling real estate in Austin, please do not hesitate to contact me. I would be more than happy to sit down and discuss all of your needs
The Bucher Group | Austin Portfolio Real Estate
Kathleen Bucher
1801 S Mopac Drive Expy, Ste. 100
Austin, TX 78746
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Based on information from the Austin Board of REALTORS (alternatively, from ACTRIS) for the period through 2020.® IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS and their affiliates provide the MLS and all content therein "AS IS" and without any warranty, express or implied. Data last updated: January 21, 2020 Texas law requires all real estate licensees to provide this link to Information About Brokerage Services:www.trec.state.tx.us/pdf/contracts/op-k.pdf