Local Area Index

Contact Powers Team

If you have any questions or need more detailed information, please feel free to contact me via phone at 301.613.7253 or fill out the form to let us know how we can help with your real estate needs.

Office Location 795 Rockville Pike,
Rockville, MD 20852
Phone: (301) 613-7253
Fax: (301) 424-9290

Multiple Offers

Sometimes, sellers can have multiple offers come in at once. Often this happens during a seller’s market but it can happen anytime when a great home has been listed at the right price. Although considered a positive for the seller, it can be a little overwhelming.  Your Realtor will help you sort through the good, bad, and ugly. The most obvious item you will want to know is the price of each offer, however sometimes the highest priced offer is not always the best offer.  You will want to look at the other terms of the offer as well.   Is it a clean offer without a lot of requirements?  Any contingencies that would affect the sale and are they reasonable (ie: financing)?  Do the buyers need to sell before they can buy? Is the move and settlement date reasonable?Is it reasonable to assume the buyer will qualify fully for the loan or might there be some question?

Experienced Realtors know what to look for in the offers that would appear as red flags.  It is ultimately your decision about the offer you choose to accept with your comfort level, but an experienced well-qualified professional is there to guide you through the confusion and give you the facts in a straight-forward manner.

More articles:

  • The decision to sell
  • The difference between a buyer's and a seller's market
  • Do I need a Realtor to sell my home?
  • Staging - what is it and why is it necessary?
  • Pricing it right is critical
  • What determines a home's value?
  • Marketing your home
  • What to expect after listing your home for sale
  • Home Improvements
  • What are disclosures?
  • Short sales, foreclosures, and bank-owned properties (or REO)
  • Lease options
  • Offers
  • Multiple bids
  • What is a seller subsidy?
  • Negotiating offers
  • Now that you have a contract on you home
  • What should I expect at settlement?
    •

    Flip or Rental?! Watch the Change! (My latest investment property)

    See the video below of 505 Ellrose Court!

    http://freedomstudios.com/505EllroseCourt

    25 Views
    Add a Comment

    What is the Obama administration's newest attempt at hedging future foreclosures? Hafa video!

    mortgage_300

    Only a few short years ago, even Real Estate Agents did not know what a short sale was!  My, how things have changed... 

    Banks have estimated that the majority of short sales will have been processed by 2014.  More than 1 in 4 of all homes are now backed my mortgages that are worth more than the collateral that secures them: the homes themselves! 

    The Department of the Treasury recently put out a new progam called HAFA (Home Affordable Foreclosure Alternative), which should make things more standardized...

    968 Views
    Add a Comment

    My Account

    Log in, to view your saved searches and add to your favorite listings.

    Sign Up Here For Your FREE Account

    ... So You Can:

    • View detailed property information
    • Print detailed property flyers
    • Save your searches & favorite homes
    • Inquire about a private showing
    • Map individual property locations
    • Share your favorite homes with friends
    Return to Top Email this Page Print This Page