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Real Estate Training Institute Blog - Day 24: Handling Multiple Offers - Nicolene Hamaty

Day 24: Handling Multiple Offers

Getting Started in Real Estate| My First 30 Days in Real Estate
October 09, 2023•2 min read

My First 30 Days in Real Estate Series
Day 24: Handling Multiple Offers

Welcome back to our "My First 30 Days in Real Estate" series, where we're sculpting your journey to success, one day at a time. Today, let's dive into the intricate dance of handling multiple offers - a scenario that can be both thrilling and challenging.

Why Multiple Offers Matter
Picture this: Your listing has caught the eye of not one, but several eager buyers. It's a real estate jackpot! But, with great opportunities come unique challenges. How do you navigate this terrain while ensuring a win-win for everyone involved?

Strategies for Effective Communication

Transparency is Key
Lay out the situation transparently to all parties involved. Communicate clearly that you've received multiple offers and outline the next steps.

Set Expectations Early
Manage client expectations from the start. Let your sellers know the possibilities and guide buyers on the competitiveness of the market.

Real Estate Training Institute Blog - Day 24: Handling Multiple Offers - Nicolene Hamaty

Navigating Negotiations Like a Pro

Prioritise Terms
It's not always about the highest price. Guide your clients to consider terms like whether or not the byer still needs to sell their house, suspensive conditions, and deposits.

Encourage Best Offers
If appropriate, ask for buyers' best offers. This can streamline the negotiation process and lead to a smoother transaction.

Maintaining Client Relationships

Regular Updates
Keep all parties in the loop with regular updates. This not only builds trust but also helps in managing expectations.

Personalised Approach
Understand the unique needs and motivations of your clients. Tailor your strategy based on what matters most to them.

Ready to learn more? Visit the Real Estate Training Institute to access valuable resources and courses designed to support your real estate career growth.

START . IMPLEMENT . INCREASE

Author: Nicolene Hamaty – Director & Founder of Real Estate Training Institute

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Nicolene Hamaty

Nicolene Hamaty, a distinguished Real Estate Trainer and Expert with a wealth of experience. Formerly leading training and education for a renowned real estate brand, she specialises in developing courses and manuals for Property Practitioners. Nicolene's expertise spans Real Estate, Sales, Personal Development, Productivity, Social Media Marketing, and Innovative Strategies, making her a sought-after Motivational Speaker. As a Qualified Property Practitioner, Nicolene holds NQF 4 and NQF 5 certifications in Real Estate, along with PDE 4 and PDE 5 qualifications. Her impressive career in Real Estate dates back to 2008. With a BA in Communication Science, an Advanced Diploma in Real Estate, and NQF 4 in Auctioneering Support Services, she is also a skilled Assessor and Moderator. Nicolene's commitment to excellence led her to establish the Real Estate Training Institute, offering multiple real estate training and courses for Property Practitioners to access training anytime, anywhere. As an NLP Practitioner and Life Coach, Nicolene brings a holistic approach to her training, mentoring, and speaking engagements, establishing her as a well-established expert and leader in the industry.

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