When Bully Offers arent enough. So you bud the line because youre not waiting 7 days for offer date youve got a stellar offer with no conditions and you want this house. So you register your Bully and wait to hear if the seller is enticed. The Seller isnt. Based on showing numbers and lack of inventory, the Seller has decided to wait for the actual Offer Date.
Advantage:Lost!
But wait, surely theres something "new" out there that can keep you alive and force the hand of the Seller in the wake of 10 competing bids on offer date!
Welcome the slowly increasing practice...the "Poison Pill" Offer.
Buyer Agent brings in what they believe to be the best offer and gives the Seller 20 min to decide or the offer is dead. A really risky move that can backfire but one just worked leaving 6 agents getting calls in their cars that the Seller just accepted the Poison Pill Offer and all 6 who have yet to present are done for the night!
What's next?
To learn more or chat around this..call or email anytime
Cheers-
Michael Gruenstein MBA CSC
Sales Representative Re/Max Realtron http://www.TheSmithsBuyAHouse.com http://www.PropertiesintheGTA.ca Blog: http://mgruenstein.blogspot.com O:416.782.8882mgruenstein@trebnet.com
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