Are Multiple Offers on Your a Home a Good Thing? Not Always

By Breanna Albrecht | Oct 18, 2022 | Calgary - Sellers

The Stress of Getting More Than One Offer

Multiple offers sound fun, right?

Normally getting more than one offer on your home is very exciting because, as I tell my clients, it is the best chance of selling your home for as much money as possible. And it's true - most sellers find it fun.

Not everyone though.

As a realtor and especially as a dedicated listing agent, I love it. I love the fact that I get to reach out to a bunch of other realtors and tell them that I have or am expecting to receive an offer as we find out very quickly which buyers are seriously interested in the property. I love the fact that there are different strategies that we can use. I love the confidence of knowing that we are going to sell the house for top dollar.

That being said, a lot of my clients find it stressful to have multiple offers. My job is to remove as much of that stress as possible, but it still appears.

Our homes consistently have multiple offers

It is very important to explain the different options to my clients and in many cases, my clients tell me that they trust me to choose the best strategy since I have a lot of experience with this type of situation. This really means a lot to me - to know that my clients trust me to do what is best for them.

There was one time, though, when my clients really surprised me. This was years ago, but I will never forget it. These clients, like most of my clients, said they had total trust and listed for the price I recommended, even though the market was falling and the value was lower than they wanted.

When I listed this special home for sale, with professional marketing and accurate pricing, I achieved an offer very quickly for my clients. We got an offer on day 1! I took the offer to my clients...it was for full price. They wanted to accept the offer. I told them that I believed we could get them multiple offers and sell their home for over the list price.

Shockingly, they said they did not want more than one offer. I was extremely surprised - this was the first time I had ever heard this.

I reminded them that my job is to look after them and take their instructions. They said that they had chosen a list price and if someone was willing to offer them what they asked for, then they wanted to just take it right away...they did not want to be greedy and try to get other offers for more than the list price.

Another realtor contacted me the next day and said his clients were also interested in offering on the home, but I had to tell him that my clients already accepted an offer. He got very upset with me saying that I should have waited for his clients to offer, but I could not tell him that my clients instructed me not to get multiple offers.

It just goes to show that every client is different and there are always things to learn in this industry. In this case, I learned that not every client wants to sell in multiple offers.

Do you have a home in the Calgary area and looking to sell? Work with Breanna! Call us at (587) 700-7123 or check out what she can do at https://ateamcalgary.ca/sellers

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Breanna was the #1 listing agent in Fort McMurray in 2016 & 2018 by number of sales. Breanna founded The A-Team with her husband, Tom. She holds a degree in finance. She is a specialist listing agent in both Fort McMurray and Calgary.

This article is should not be constituted as advice. Consult your Calgary Area REALTOR® for real estate market advice. This article should not be construed as legal advice. For legal advice, please consult your lawyer.

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