Comments on: Ask the Broker: Is it legal to place offers on multiple homes?

By: is it legal to

is it legal to — Sun, 27 Sep 2009 12:32:37 +0000

The dilemma here really is the delineation between ethics and legalities. Where laws may not have caught up with current trends, morals and ethics take up the slack. Is it legal? I cannot say for sure.

By: tonyoptionstradingwh

tonyoptionstradingwh — Tue, 01 Sep 2009 22:44:10 +0000

This day and age it is wise to have attorney backing since realestate investors, 'the cause to all economic woes' (not… the banks valued the homes – we just went with their experties) are under the gun. Get peace of mind!

By: tonyoptionstradingwh

tonyoptionstradingwh — Tue, 01 Sep 2009 20:44:10 +0000

By: JustAnotherPhx Agt

JustAnotherPhx Agt — Sun, 30 Aug 2009 09:21:59 +0000

While market realities may almost REQUIRE this method, AAR & Michelle Lind disagrees and disapproves of this practice and states that it is bad faith on the part of the buyer: http://www.aaronline.com/documents/contractsQA...... - 2nd question down. My take is that if someone ever did this to one of my sellers, we'd be going after their earnest money. Would a bank or short sale seller ever do that? Maybe, maybe not. . . .Furthermore it may bring an agent in front of the Board of Realtors on ethics grounds: http://aarnews.com/wp-content/uploads/Archives/..... (page 5)It's weird, weird, wild, wild west times in the market right now and I'm not sure how all this applies to today's market but it's worth remembering that more normal times will come back and what is accepted and practiced today may not cut it down the road. FWIW

By: Another Internecine Debate: Home Search Registration : Arizona Real Estate

Another Internecine Debate: Home Search Registration : Arizona Real Estate — Sat, 29 Aug 2009 21:39:15 +0000

[...] the comments on Jay Thompson’s post about writing multiple simultaneous offers (and also see the answer I provided on Trulia Voices and posted here) and you’ll see my [...]

By: Looks Like Writing Multiple Offers is the Phoenix Real Estate Question of the Week : Arizona Real Estate

Sat, 29 Aug 2009 21:10:06 +0000

[...] Ask the Broker: Is it legal to place offers on multiple homes? – Jay Thompson [...]

By: overlandparkksrealto

overlandparkksrealto — Wed, 26 Aug 2009 19:44:50 +0000

I am a broker/owner here in Kansas City and it is also legal to make offers on more than one property in this area. I also agree that the risk runs high unless you are using a competent agent that can help navigate the ins and outs of doing so. Some sellers will frown upon seeing offers that say the offer is contingent on the buyer not getting an accepted offer on another property but the reward can sometimes be greater than the risk in this Buyers market.

By: Phoenix Real Estate | Phoenix Homes for Sale | All Phoenix Real Estate | Another Internecine Debate: Home Search Registration

Wed, 26 Aug 2009 02:32:10 +0000

[...] the comments on Jay Thompson’s post about writing multiple simultaneous offers (and also see the answer I provided on Trulia Voices and posted here) and you’ll see my [...]

By: Jay Thompson

Jay Thompson — Wed, 26 Aug 2009 00:57:32 +0000

An excellent point on the disclosure aspect Jonathan. I can admit when I am mistaken, and now that I ponder it further and consider what you're saying, that's exactly what I'm doing. Francy should be pleased as she took the opposite stance I originally held during our spirited discussion on the aspects of disclosure.

By: Looks Like “Writing Multiple Offers” is the Phoenix Real Estate Question of the Week — At Home In Scottsdale | Your Guide to Scottsdale Real Estate

Tue, 25 Aug 2009 14:35:39 +0000

[...] Ask the Broker: Is it legal to place offers on multiple homes? – Jay Thompson [...]