Multiple Offers
Can someone help this, please
I am A real Estate agent in state of Texas. I have received two offers in ahouse that I have been trying to sell.
-First Offer-Buyer A: 215,000 (25K cash, 95K financing)
Contingenty to buyers sell their propert
Sept 15. I verbally agreed to the terms.
-Second Offer-Buyer B: 210,000 (45K Cash, 165K financing)
NO contingency
Closing date Sept. 30
How can I deal with the bidders. Is it legal to tell bidder B how much Bider A is offering, and if he tops the price and offers a little bit more, Can I tell Bidder A that I changed my mind and that they will required to offer more or remove the contingenty in order to go through with the offer.
I am a new agent and never have dealed with multiple offers.
Any guidance in this matter will be greatly appreciated.
You should really ask your managing broker to help you through this.
I say grab the 2nd offer and run! No contingency is well worth 5K.