Selling Agent Response to Our Offer and Others

[Brent Langlois]

So one of my favorite parts of deal making is making offers and negotiating. Each seller is different and playing different angles. I recently made an offer and we were told that two other offers came in at the same time. So, three on the table. The following morning we get the following response: Good morning, Thank you for your offer. Seller has received multiple offers and is asking for highest and best by Sunday, June 11 at 5pm. If you have any questions, please do not hesitate to reach out to me. Regards. My guess is that three offers came in very close and instead of countering the highest bid, they're creating some competition. Anyway, not looking for urgent advice...but thought it might be an interesting discussion. Post your thoughts, ideas, similar stories, and perhaps how you'd tackle negotiations. -Brent

[Christopher Phillips]

@Brent Langlois

That is just a common way of handling multiple offers. Instead of countering each individually, you just tell everyone to submit final and best...