The Multiple Offer Handling
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Help me manage a multiple offer situation. Property: [BRIEF] Number of offers: [NUMBER] Offer summary: [PRICE, TERMS, FINANCING, CONTINGENCIES FOR EACH — anonymised] Seller's priorities: [PRICE / SPEED / CERTAINTY / TERMS] Local practice and MLS rules: [DESCRIBE] Produce: 1. A comparison table across all offers on the dimensions that matter 2. Analysis of each: net to seller, probability of closing, timeline, risk 3. Recommended process: highest and best, counter one, counter all — with the argument for each 4. Communication to all buyer agents that is fair and identical 5. How to explain the recommendation to the seller 6. What must be documented CRITICAL RULES: - Analyse offers, never offerors. Do not include, request, or consider any characteristic of a buyer as a person. - Treat all buyers identically in process and communication — differential handling is the single largest fair housing risk in a multiple-offer situation - Mark every procedural point as [CONFIRM AGAINST STATE LAW, BROKERAGE POLICY AND MLS RULES] — practice varies enormously
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