1,844,301
yes, I'd give it a go. You never know what she/he will tell you. In our area, they don't have to tell you anything that the seller might not want the buyers to know.
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Anthony Kirlew
Gilbert, AZ
-
Candice A. Donofrio
Fort Mohave, AZ
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Brenda Mayette
Glenville, NY
-
Karen Climer
Orlando, FL
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Fred Griffin Florida R...
Tallahassee, FL
5,104,931
I do not... they should never be telling you that and why put them in a position to ask. In NC we need to get our seller's permission to even disclose that we have other offers and/or how many.
-
Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Joan Cox
Denver, CO
-
Michael Jacobs
Pasadena, CA
-
Brenda Mayette
Glenville, NY
-
Karen Climer
Orlando, FL
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Kathleen Daniels, Prob...
San Jose, CA
1,543,873
They never or rarely tell you that unless you're late to the party and they don't want to waste your time with a last minute offer that won't be worth anyone's time...I may ask but I never expect a specific answer.
I may tell you 5% of the time, most of the time as a listing agent, I won't tell you. It's poker, learn to play!
I do ask how many offers are in hand and I may say my client is coming in at $XXXXXX (when it's their max offer price) will that amount be competitive with your multiple offers already received?
I'll ask if they plan to counter the top 5 offers?
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Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Fred Griffin Florida R...
Tallahassee, FL
-
Kathleen Daniels, Prob...
San Jose, CA
-
Thomas J. Nelson, REAL...
La Jolla, CA
1,556,653
No, because they can/will/do lie. Price is only prat of the offer, as other terms may make the offer much more appealing.
-
Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Brenda Mayette
Glenville, NY
-
Candice A. Donofrio
Fort Mohave, AZ
-
John Juarez
Fremont, CA
-
Signature Homes & Estates
Gilroy, CA
195,422
If they tell you, that says a lot about them as an agent. In most states, it would be illegal for them to tell you. It violates their duty of confidentiality (unless seller said it was OK).
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Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
2,684,109
Will they be violating a fiduciary if they tell me? Not if their Seller is okay with them disclosing that information.
You obviously know that there are offers in play; why waste your buyer's time writing an offer that will be declined? Call and ask! (subject to your Broker's advice).
In my experience,
"Hi, L A. We are writing an offer; I will have it to you soon. Tell me, where do we stand? What are we up against?"
Some agents won't tip their hand: "Fred all I can say is bring your highest and best". But other agents have told me exactly what they have... how many offers, the highest dollar amount, is there a cash offer, Seller's intent to counter or not counter, etc.
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Anthony Kirlew
Gilbert, AZ
-
Mimi Foster
Colorado Springs, CO
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
Wanda Kubat-Nerdin - W...
St. George, UT
3,345,221
We do not even have to ask some agents in my market - the listing agents call all buyer agents the tell what they have, #of offers, price, terms, contingencies. Usually, there are no contingencies.
That is not me or my practice.
I rarely work with buyers these days.
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Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Fred Griffin Florida R...
Tallahassee, FL
-
Kathleen Daniels, Prob...
San Jose, CA
1,052,321
Mimi Foster
Has a post on Facebook about this. ❤
This may vary from state-to-state but there's nothing in the code of ethics that says they can't ask and be answered with the seller's permission. My answer here is the same as there. They can but they may not want to. And they're not required to.
Have I been known to tell somebody we've had better offers than yours that were outright rejected?
Yeah. Either write a better offer or don't kill digital trees. I personally would appreciate it if there was no way our deal could fly. Then we could move on.
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Inna Ivchenko
Encino, CA
-
Carla Freund
Raleigh, NC
-
Mimi Foster
Colorado Springs, CO
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
1,311,772
I have, when I knew that more than one offer had been submitted, inquired about what it would take to be the best offer. Sometimes I found out a number. Often the reply would be: "Tell your client to take their best shot".
And, as listing agent, if I quoted a figure and an offer came in with that figure, I would discuss with my client the wisdom of countering others up to or past that figure.
-
Ryan Huggins - Thousan...
Thousand Oaks, CA
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Joan Cox
Denver, CO
-
Fred Griffin Florida R...
Tallahassee, FL
-
Michael Jacobs
Pasadena, CA
3,416,038
I always ask, some may not tell you, some may give some info and some will give away all the secrets. You have to ask to find out
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Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Brenda Mayette
Glenville, NY
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
3,126,196
You can ask but unless the seller has given the agent permission to disclose, mum's the word!
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
-
John Juarez
Fremont, CA
-
Kathleen Daniels, Prob...
San Jose, CA
763,883
My job is to not disclose information about my client and to find out as much as possible about the wants, needs, desires of the other agent's clients. I am always trying to get as much information as I possibly can get. It would be great to know what it will take to get the home or find out if it's out of my client's reach.
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Brenda Mayette
Glenville, NY
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
-
Fred Griffin Florida R...
Tallahassee, FL
1,026,993
There are so many scenarios and so many issues with this. I am a firm believer in this fast-paced market that you are wasting everyone's time if someone can't go above $450,000 and you have offers at $500,000, tell them. NAR says you can (referenced in this article). In CO we can with the Seller's permission. I just wrote a post about it. This is not to get an auction going, it is to not waste everyone's time. You have to be smart about it. As the 'expert' said, 'Offers aren't confidential and you can't make them confidential.' REALTOR MYTH
(Thanks, Candice A. Donofrio)
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Fred Griffin Florida R...
Tallahassee, FL
-
Mimi Foster
Colorado Springs, CO
-
Greg Large
Grove City, OH
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
6,393,609
That would be illegal for them to answer that question.
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Susan Emo
Kingston, ON
-
John Juarez
Fremont, CA
-
Wanda Kubat-Nerdin - W...
St. George, UT
5,868,689
In Colorado, if your Seller has given approval, the listing agent will tell you, and bid up the offers. It is in the best interest of the Seller to do so here.
-
Carla Freund
Raleigh, NC
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
7,836,431
No. Submit your best offer.
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Karen Climer
Orlando, FL
4,572,520
Depending on market conditions, one side in a real estate transaction is typically not in "control".
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Joan Cox
Denver, CO
-
Candice A. Donofrio
Fort Mohave, AZ
1,196,798
No, I never do ask
-
Michael Jacobs
Pasadena, CA
-
Joan Cox
Denver, CO
-
Ron and Alexandra Seigel
Carpinteria, CA
2,182,552
Some will answer that question
-
Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
921,504
Such a question is a test of the competence of the listing agent. The answer is always, "Submit your hightest and best. It should be ABOve list price." (Each capital means 10%)
The better approach is:
"My buyer loves the house and does not want to have their heart broken again. How can they make their FHA backed offer the most competitive for this seller?"
The most common but incorrect answer is 'Highest and best."
The right answer is wrapped into the conversation the listing agent has had regarding the legacy desires of the seller. Often these are observable to those paying attention within the confines of the property.
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Ron and Alexandra Seigel
Carpinteria, CA
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
5,217,381
If the listing agent has the seller's permission, preferably in writing, then yes. If not, do not!
Best practice, have your buyer make their highest and best offer the first time and face the consequences.
-
Doug Dawes
Topsfield, MA
-
Michael Jacobs
Pasadena, CA
-
Candice A. Donofrio
Fort Mohave, AZ
1,622,432
I just had a legal webinar on CAR new forms. The attorney pointed that it is beneficial for the seller to disclose their highest offer and terms to receive even better offer. It is a made up 'guessing '' game that many listing agents keep playing that i personally never liked since it is a waste of time for everyone.
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Candice A. Donofrio
Fort Mohave, AZ
911,448
Some listing agents think they are auctioneers. We now have all cash offer for 529,000.00, do I hear 550 ? 500, 550, 550...anyone ? SOLD to bidder# 126 for $529,000.00! I've also had sellers permission to disclose amount and terms of all offers. They said " If anyone wants to write a better offer, bring it on."
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Candice A. Donofrio
Fort Mohave, AZ
901,891
No because they're not allowed to tell. I do ask what is the seller's desired closing date and if there is anything the seller would consider favorable.
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Joan Cox
Denver, CO
378,517
Always. And sometimes I have to explain it's not illegal for them to tell me, they just need to ask their seller. And do they want to get their seller a higher offer?
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Greg Large
Grove City, OH
2,781,303
I operate within and without the known parameters my reason being to achieve a result. Why waste time? I have often said to properties listed with others, what will it take for my buyer to get this? Me to get this? Once an agent tells, I take it from there. No pussy-footing around at these stakes
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Greg Large
Grove City, OH
5,772,575
Austin,
If I were the listing agent, I would not tell you!
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Michael Jacobs
Pasadena, CA
337,854
No. I will ask the listing agent what I need to know. On occasion this leads to the listing agent disclosing more than they should
900,278
Of course you can ask, but not all will tell you. There may be ways to ask without putting the agent on the spot.
1,153,794
I almost always will ask and while only sometimes getting an answer is acceptable I'll take any new information I can and pass it along to the Bbuyer.