Here, home sellers tend to be more willing to negotiate, because offers are few and far between. "In a buyer's market, I would not hesitate to submit an offer that's around 10% below asking," advises Chris Cloud of Exit Heritage Realty in Haymarket, VA. "Most sellers will at least see that as worthy of a counteroffer."
Article 1, Standard of Practice 1-15 states: “REALTORS®, in response to inquiries from buyers or cooperating brokers shall, with the sellers' approval, disclose the existence of offers on the property.
Will I Qualify for Affordable Housing? Household SizeExtremely-Low Income, Not to Exceed:Very-Low Income, Not to Exceed: 1 person $33,150 $55,250 2 person $37,900 $63,100 3 person $42,650 $71,050 4 person $47,350 $78,9004 more rows
Interestingly, while real estate agents cannot legally share your offer amount or any other details of your proposal with other buyers, the home seller can. That is to say, there's no law preventing the seller from sharing the information.
But can you put offers on multiple houses in California? The simple answer is yes, but you must understand the intricacies of placing multiple offers if you want to secure the home of your dreams.
In a hot seller's market, where demand exceeds supply, sellers may receive multiple offers within days or even hours after the open house. The sense of urgency in a competitive market can lead to swift decision-making from potential buyers, resulting in a flurry of offers.