It certainly can help sellers if you can create a multiple offer scenario with offers potentially over list.
It doesn’t help the seller not to hear about offers. It just keeps them in the dark. The agent could be manipulating things to only sell to certain people or friends etc. It is unprofessional.
It's not unprofessional, it's a discussion had with a seller in advance and their direction is then followed. All the offers are then presented on the offer date. I can give many real life examples of how this works out in the sellers' favour. You may not like it as a buyer but that doesn't make it unprofessional.
I think that is a very valid point Jet. The agent knows if the listing is "hot" or "cold". If it is a hot listing there is no point presenting every offer right away to the seller. It's best to wait a week or two and see what the best offers are. BY the same token if the listing has gone a set period of time with no activity I'm sure that any offer is much more likely to be presented to a seller. Right now is a seller's market and the terms are going to be more favorable to them than at other times.
We will just have to agree to disagree. As a seller I want all offers presented to me as they come in. I don’t like to be played. I am an adult and can make my own decisions.
100% it's a sellers market. Some prices are up 30%. Seen a few contracts where you're better off going direct.
Me, too
If you have ever sold a home in a true sellers market you would think differently. You want to wait a set period of time for multiple offers to come in so you can pick the best one. There is no point in getting one at a time if you are getting 3-4 a day. Just wait a week and review all 20ish and pick the best one. Clearly things work in total reverse in a buyers market.
I moved on and bought another contract. Game playing isn't my thing. The contract I wanted orignally is still for sale.
But you are looking at this from the buyers perspective. The seller will highly likely get more than you offered for the property by just waiting to get a bunch of offers. I don’t fault you for buying something different of course, but I also don’t fault a seller for being patient and getting the best offer they can get.
And sellers are voting with their feet. I have been watching this, and the “main” resale agencies who tend to engage in these “control” practices have less and less in terms of listings, whereas agents I once thought of as more fringe, in addition to entirely new individual agents, have many more contracts. I think these “original” agencies are in panic mode. But they don’t seem to get that people don’t like to be treated like children. It’s not rocket science.
