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David Gorley
REALTOR®
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Posts from March 2024

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March
8

March 8th, 2024 by

What are "multiple offers"?

A common term these days, "multiple offers" means there is more than one offer to purchase a listed property. A seller can choose any offer at any time. In our state, sellers can go a step further and send out a notice to all interested parties that they have received more than one offer. They can go one step further and say that all offers need to be resubmitted with a date in the future by calling for "highest and best offers". It slows the process and allows potential buyers to send in their best offer for consideration. Many people confusingly call this a bid or bidding war, which it is not. It's simply a second chance to send the best offer a buyer can or they can remove themselves from the process if they desire.

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Categories: Uncategorized
March
1

March 1st, 2024 by

What is agency?

Agency. Not just a building with agents in it. In real estate terms, agency refers to the relationship between a client and their agent. Seller agency refers to a contractual relationship between someone selling a property and the agent they choose to list it, who will be the seller's representative and advocate in the sale of the property. Buyer agency refers to the same relationship; one between a buyer of a property and their agent, who will advocate, pr...

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Categories: Uncategorized
David Gorley
David Gorley Cell: (423) 292-8576 Email Me
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