| From the desk of Susan Chenard |
June 2008 |
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Quotes for Fun...
Realty is merely an illusion, albeit a very persistent one.
Albert Einstein
(1879-1955)
Forgive your enemies, but never forget their names.
John F. Kennedy
(1917-1963) |
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DON'T ASK, DON'T TELL?
Wouldn't more than one offer be great? In such cases you should be aware of the responsibility of you and/or your agent to disclose the fact that multiple offers exist.
How much do the other buyers have a right to know? There are two schools of thought. Your agent should make clear any repercussions either way, and will likely want your permission in writing, just to be sure you understand the possible outcomes.
On one hand, disclosing the terms of other offers could result in competing buyers withdrawing their offer. On the other hand, if you disclose the information, you might end up with a bidding war!
Pay close attention to the terms of each offer, because the highest one may not necessarily be the most attractive. Additional conditions may reduce your bottom line, so make sure your agent explains what it all means. Then you can make the best decision.
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