Should you delay your offer presentation date as a seller? This video will talk about the pros and cons of delaying the offer presentation to a specific time and date; and, the options for handling any pre-emptive offers (commonly referred to as bully offers) Remember all Realtors are here to promote a transparent and fair offer process. The law is clear: we a Realtors, must convey an offer to our client as soon as possible. An exception arises if our client has given clear, detailed, and express written direction to do otherwise. (Form 244) Step 1: Learn the pros and cons of delaying offers Pros: This strategy may generate increased interest in their property, and potentially multiple offers, and the best price. Cons: Your client runs the risk of losing out on an attractive offer from a buyer who is not inclined to wait for a specified time. Your client should also be aware that if the offer date passes with no offers submitted, prospective buyers may see the property as less desirable or overpriced. Step 2: Understand that a delayed offer presentation might lead to pre-emptive offers. A delayed offer approach may prompt some buyers to submit pre-emptive offers. These often expire before the delayed offer presentation in an effort to avoid, or “pre-empt” the established offer process. ` Step 3: Find out how your Realtor wants to handle pre-emptive offers The bottom line ... Foresight, open communication, and planning go a long way. Click "Subscribe" Follow Me Online Here: Instagram: instagram.com/waterloorealtor Facebook: facebook.com/waterloorealtor Twitter: twitter.com/waterloorealtor Snapchat: www.snapchat.com/add/waterloorealtor Website: wickedawesomeagent.com/ Linkedin: www.linkedin.com/in/patkoz/ Company: www.remaxcentre.ca/ Proud Realtor, Vice President & Director for the Cambridge Association of Realtors.

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