Pros and cons to multiple sales offers
Multiple offers are a seller's best friend, often allowing the seller to collect more than the listing price. In many markets across the country, it's common for sellers to receive numerous offers, underscoring the importance of being prepared for your options.
Over the past couple of years in Toronto for example, many sellers received multiple offers - especially between January and April - and that trend is expected to continue in 2012, reports Michael Steinman, a sales representative with Re/Max Crossroads in North York.
"At that time of year, agents usually will not accept offers until a week after the home has been listed," he says. "Then one night, (prospective buyers) will wait outside the house while their agents present their offers. The winner is usually the one that offers the highest price."
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