Buyer’s Agents & Multiple Offers

Lots of Extra Tasks — But Also One Less

It’s no secret that participating in multiples offers can be exhausting:  for stressed Buyers, their exhausted agents, and even listing agents (representing the Seller), who may be overwhelmed by the number of offers.

Fortunately, there’s at least one standard, time-consuming task that Buyers’ agents in multiple offers can skip:  doing a Comparative Market Analysis (“CMA”).

That’s because Buyers who want to land a home that just came on the market and is in multiples ain’t selling for a discount.

On the contrary, the asking price is typically the floor, while the winning bid can be as much as 10% to 15% higher, depending on the number of offers.



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