QuestionMay 27, 2025

A buyer's offer is lower than another. How should their broker advise them? Select the best answer Immediately increase the offer significantly Withdraw the offer to avoid a bidding war Discuss the situation and possible strategies Advise adding more contingencies for appeal

A buyer's offer is lower than another. How should their broker advise them? Select the best answer Immediately increase the offer significantly Withdraw the offer to avoid a bidding war Discuss the situation and possible strategies Advise adding more contingencies for appeal
A buyer's offer is lower than another. How should their broker advise them?
Select the best answer
Immediately increase the offer significantly
Withdraw the offer to avoid a bidding war
Discuss the situation and possible strategies
Advise adding more contingencies for appeal

Solution
4.4(213 votes)

Answer

Discuss the situation and possible strategies Explanation 1. Evaluate the Options Consider the implications of each option. Increasing the offer may not be financially viable, withdrawing could mean losing the property, adding contingencies might not be appealing to the seller. 2. Discuss Strategies The broker should discuss the situation with the buyer to understand their priorities and constraints, and then explore possible strategies that align with their goals.

Explanation

1. Evaluate the Options<br /> Consider the implications of each option. Increasing the offer may not be financially viable, withdrawing could mean losing the property, adding contingencies might not be appealing to the seller.<br /><br />2. Discuss Strategies<br /> The broker should discuss the situation with the buyer to understand their priorities and constraints, and then explore possible strategies that align with their goals.
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