Multiple Offers are Back!

Dated: February 2 2024

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Multiple offers are back for certain price points! Stay proactive in communication with your clients and fellow agents to ensure the best outcomes.

Inventory is low. We are starting to see multiple offers situations come up. In a mutiple offers situation, communication is key. The agent working with either the seller or the buyer must be clear and present the various outcomes that could happen.

Sellers must be educated on what could happen in a multiple offers situation by their agent. Buyers should be guided on how to write the strongest offer they can.

Remember, the listing agent and sellers are not required to tell buyers and their agents that there are multiple offers. Also, the seller is not required to direct their listing agent to ask for highest and best offers from buyers' agents.

Once an offer has been accepted, the listing agent must communicate to everyone that has sumbitted an offer that another offer has been accepted, including when buyers and their agents are in the process of submitting an offer for the seller to review. This must also be communicated in the MLS.

Let's be kind to one another and communicate to get the best outcome possible for everyone involved! 

Click HERE to get in contact with Kathy.

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Katherine O'Radnik

Kathy O'Radnik is the Designated Managing Broker/Owner of RE/MAX 1st Service and has a real estate career that spans more than three decades. Kathy's resume state the notable Chicagoland real estate f....

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