Did the seller receive offers above the asking price?

Two weeks ago we talked about multiple offers, and now we broach the subject of offers that exceed the asking price.

Generally, they go hand-in-hand. If you are receiving multiple officers, some will exceed the listing price. Sometimes by 10-20% above list as the multitude of buyers fight over the limited number of listings. Bear in mind that the graphic below does not say that the offers were 50% above the list price; it really says that 50% of the offers that were received by sellers were above the list price.

We at ElkGroveRealEstate.com can help you negotiate these difficult waters.

Keep in mind that excessive offers above the list price have a very good chance of not going through because the house does not appraise for the higher amount!!!

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As you might guess, this document is a compilation of information from our own efforts as REALTORS, as well as input from other REALTORS in our Coldwell Banker office.  I hope it has been of value to you.  Don’t hesitate to email us with any suggestions that will make this document better for you and your fellow homeowners!

Be sure to follow us on Facebook at www.Facebook.com/ElkGroveRealEstate.  For information about properties available for sale and for more information for buyers and sellers, please visit our website at www.ElkGroveRealEstate.com and don’t hesitate to give us a call or drop us an email with your questions.