Can You Show me proof of competing offers?
Mum’s the word. Using an escalation clause in your offer is one instance where proof of a competing offer must be provided. An escalation clause says you’re willing to pay $XX more than the highest offer, up to a limit of $YY. Well, to invoke that clause, our MLS contract requires the seller to provide proof of the next highest offer.
How to tell an employer about competing job offers?
Step 4: Show appreciation. Wrapping up your communication with a company should be done with grace and tact. Showing sincere appreciation for the hiring managers involved respects the time and energy they invested in your hiring process. When you’re ready to turn down one of the job offers, find out the right way to turn down a job offer.
Can a listing agent provide a copy of a competing offer?
On the Trulia thread Alan May(who seems like a stand up guy) suggested the listing agent provide a copy of the offer to other buyer agents. Well not if there is ANYTHING in that offer that could compromise my buyers position. That would include, but not be limited to, items such as:
Can a seller claim there is another offer?
Maybe there really was another offer. More likely, the agent tried to employ a “tactic” of claiming there was a competing offer in an attempt to squeeze more money from our client – and for his seller. A noble gesture, but one that rarely works.
Is it good to get offer from competitor?
Getting an offer from a competitor can be a high risk, high reward situation. Minimize the risks and you should be fine. I own a company called The Value Builder System which helps business owners prepare their businesses for a sale.
Mum’s the word. Using an escalation clause in your offer is one instance where proof of a competing offer must be provided. An escalation clause says you’re willing to pay $XX more than the highest offer, up to a limit of $YY. Well, to invoke that clause, our MLS contract requires the seller to provide proof of the next highest offer.
How to deal with multiple competing home offers?
Ask your agent to pursue a friendly relationship with the seller’s agent, too. Sometimes sellers reject offers based on what the seller’s agent has to say about your agent. Ask your agent to sniff out the hot buttons in the transaction. These could be seller requests or listing agent expectations. Ask what will seal the deal, then give it.
How to handle an acquisition offer from a competitor?
If a competitor is genuinely interested in buying your business, they should be able to shorten their due diligence window, because they already know a lot about your company from tracking you as a competitor. Demand diligence be handled in 60 days without an extension, and if they cannot commit, walk.