Saturday, April 19, 2025
75.5 F
Roseville

Housing Market Bidding Wars

Bidding wars are a seller’s dream

Roseville, Calif.- When you mark your home for sale in seller’s market you feel like you have all the control.  It is easy to become over confident and one of the most common seller negotiation tactics which can backfire is mishandling multiple offers.

Bidding wars are a seller’s dream and I have never had a client who was unhappy to get competing offers.  There is nothing wrong with encouraging competition among buyers in order to get the best deal.   But making counter offers to multiple buyers can go wrong if not done well. 

When you respond to multiple offers by sending out a counter offer, buyers may assume the worst and the best offer may not respond.  Clearly explaining to buyers how offers are being handled will help and giving them a reasonable time to respond without too much time is important.  Buyers don’t like being in a multiple offer situation and when they respond to one they do not want to wait days for a decision.  This is especially true if they have other homes they are considering.

Another common issue with the handling of multiple offers is when one of the offers is much stronger than the others.  Insisting all buyers come back with their highest and best bid may result in no response from the strong buyer and you having to select from the lower offers.

When selling in a hot market, proceed with caution before ramping up the competition and listen to your Realtor.  He or she has experience dealing with multiple offers and their advice can help you get the best deal.



Coming Up!

Coming Up!

Trending

West Coast Sourdough in Roseville on Blue Oaks

West Coast Sourdough located in Roseville, CA offers the freshest sourdough bread and ingredients in each sandwich we create! We also have bread bowls, salads and freshly baked cookies each day! Come try the best sandwich shop in Roseville, CA today

Sierra College Foundation to establish Joshua Cohen Memorial Endowment Fund

Rocklin, Calif. - Sierra College Foundation (SCF) is humbled to announce it has received a $400,000 gift to establish the Joshua Cohen Memorial Endowment Fund to support Sierra College students pursuing degrees in computer science and related fields,

New Colfax Water Treatment Plant: PCWA approves construction contract

Auburn, Calif. - At a special meeting on Friday, the Placer County Water Agency (PCWA) Board of Directors approved a construction contract for the new Colfax Water Treatment Plant

Placer County Youth Commission accepting applications for 2025-26 term

Auburn, Calif. - The Placer County Youth Commission is now accepting applications from local youth who wish to serve as one of 21 formally appointed members for the 2025-26 term.

Can I still be healthy on Spring Break? 6 travel tips from a nutritionist

Sacramento, Calif.- After many weeks of rain and cold in the Sacramento area, it's finally time to start thinking about spring break travel!

Topics

West Coast Sourdough in Roseville on Blue Oaks

West Coast Sourdough located in Roseville, CA offers the freshest sourdough bread and ingredients in each sandwich we create! We also have bread bowls, salads and freshly baked cookies each day! Come try the best sandwich shop in Roseville, CA today

Sierra College Foundation to establish Joshua Cohen Memorial Endowment Fund

Rocklin, Calif. - Sierra College Foundation (SCF) is humbled to announce it has received a $400,000 gift to establish the Joshua Cohen Memorial Endowment Fund to support Sierra College students pursuing degrees in computer science and related fields,

New Colfax Water Treatment Plant: PCWA approves construction contract

Auburn, Calif. - At a special meeting on Friday, the Placer County Water Agency (PCWA) Board of Directors approved a construction contract for the new Colfax Water Treatment Plant

Placer County Youth Commission accepting applications for 2025-26 term

Auburn, Calif. - The Placer County Youth Commission is now accepting applications from local youth who wish to serve as one of 21 formally appointed members for the 2025-26 term.

Can I still be healthy on Spring Break? 6 travel tips from a nutritionist

Sacramento, Calif.- After many weeks of rain and cold in the Sacramento area, it's finally time to start thinking about spring break travel!

Human Genome Project: Personalize your health

Incredibly, years ago, the entire human genome was mapped! You might be thinking, "What is that, and how does it affect me?"

California Window Fashions by Skyline in Roseville

Transform the natural light in your Roseville home with window treatments. Discover Hunter Douglas shades and blinds, shutters and drapery.

2025 Genesis GV80 Coup arrives with dubious name

The new 2025 Genesis GV80 Coupe. The luxury division of Hyundai, Genesis officially categorizes the vehicle as a mid-size luxury SUV. Yet there's no denying the sloping roofline is reminiscent of a coupe

Related Articles

Local Spotlight

Stanford Ranch Family Dentistry in Rocklin serving the local community since 2000

Rocklin, Calif.- For nearly 25 years, Jason and Heather have grown their successful Stanford Ranch Family Dentistry practice by faithfully serving patients throughout the Rocklin, Roseville, and greater South Placer County region. Their business has grown to now employ over a dozen employees which helps them meet the growing demands of a successful local business.

Paul Black’s Solar Panel Cleaning in Roseville serving the region for over 30 years

Roseville, Calif. - Money-saving solar panels in Roseville, Rocklin and throughout South Placer County have become ubiquitous From new residential solar communities continue to big business and after market installation, solar seems to be a smart choice to shred those high monthly electric costs.

Mobley Pest Services in Roseville serving the community and region for over 20 years

Roseville, Calif.- Fully licensed and bonded, Mobley Pest Services in Roseville has been providing reliable pest control services for well over 20 years. Serving residents and businesses in the greater Placer and Sacramento region, Mobley Pest Services is locally owned and operated in Roseville.