How Can There Be Two Offers on the Same Listing?

In a market like we are in today, it's not unusual for home buyers to find themselves in situations where the seller of the home they want receives two offers on the listing. Sometimes more than two offers.

Home buyers find that confusing. Take Susan and David, for example (I have changed their names to maintain their privacy). They are very particular about the home they want to buy, it must be located near homes that show pride of ownership and in a specific area. We found the perfect home for them, but the listing was expired. It had been on the market for almost a year.

I tracked down the listing agent and submitted an offer. We were doing the Snoopy dance, feeling certain they would get this home. A few days later, the listing agent called to say she had received another offer, and now there were two offers on the listing.

Is this a conspiracy, the buyers asked? How can this happen? . . . read more about Two Offers on a Listing.

More Articles by Elizabeth Weintraub, click below:

• Full-Price Counter Offers
  
• Multiple Offers
  
• Offer Rejection

_{©Big Stock Photo}

Technorati tag: two offers