How Did Home Sellers Handle Multiple Offers

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How Did Home Sellers Handle Multiple Offers - The Salonga Brothers - Modesto Real Estate

How Did Home Sellers Handle Multiple Offers – The Salonga Brothers – Modesto Real Estate

How did home sellers handle multiple offers?

Average number of offers received from buyers:

In 2013, 98% of sellers received multiple offers.

3.1 offers in 2012

5.9 offers in 2013

How did sellers respond?

77% took the highest offer

47% took the best mortgage-qualified buyer

39% took the offer without contingencies

23% took the all-cash offer

14% took the offer because of the buyer’s ability to close fastest