Category: Receiving Offers
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Multiple offers on your for-sale-by-owner home
Reader Question: We are selling our home on our own. We have had little activity for over two months, and now we are expecting multiple offers on our for sale by owner home. Please help! Monty’s Answer: When you are selling your home without a real estate agent, the possibility of two or more parties…
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Should my real estate agent also represent a buyer?
Reader Question: If my listing agent has a potential buyer, can he represent a buyer as well as the seller? Michelle G. Monty’s Answer: The agent that listed your home contracts with the broker who is your agent in the sale. You have representation, so the question is; will the buyer seek representation, and if…
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Right-of-first-refusal complicates negotiations
Reader Question: My wife and I own a large tract of land. We want to sell off a one hundred acre parcel. We have a written offer-to-purchase that has been in negotiation for over ninety days. The buyer wants a “right-of-first-refusal (ROFR) should we sell off more land in the future. The offer contains…
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Listing tactics of real estate agent under fire
Reader Question: Hi Monty, I read your articles regularly and find them very helpful and now have a query myself. Our Realtor called us for permission not to present offers below asking price; we agreed, but I don’t understand it. Who does this help? Thank you for your assistance. Jan P. Monty’s Answer: A listing tactic…
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Four great tips to negotiate home offer
Reader Question: Monty, the same buyer has made several offers on our home but none acceptable to us. This has been going on for two months! What can be done to get them to be more reasonable? Josh and Sarah G. Monty’s Answer: The success to negotiate a home purchase contract involves circumstances like motivation,…
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The best method to receive an offer on your home
The saying “Luck is when preparedness and opportunity meet” is a very appropriate thought for this occasion. For most of us, to receive an offer on our home rarely happens during our lifetime. Most often, your agent will not suggest a method of how to handle this meeting, but we want you to have all…