"Whether or not we have multiple offers, is none of your business." states Bryant Tutas, a REALTOR in Florida.  Looking out for the seller's best interest is what's important.  "As a listing agent," says Tutas, "it's my job to counsel my sellers and they need to know that they do not have to disclose multiple offers, (make a) counter offer, ask for highest and best (offers) or even acknowledge (the) buyers offer.

Bidding wars may prevent a potential buyer from even submitting an offer and, by not disclosing other activity; the seller might lose out on a better offer.

Pre-approved financing puts your offer at the top of the list. "Send a complete offer," says Tutas.  He doesn't even bring an offer to his client if it doesn't include proof of financing.

"Always remember who you are working for." counsels Tutas.  "Professional courtesy does not extend to giving (up) insider information to help you negotiate a real estate transaction."

Read the full article.

Posted in Denver Colorado Real Estate, Real Estate Market Conditions

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