The phrase
"competing offers" refers to multiple options or proposals that are being compared and vying against each other to fulfill a particular need or goal.
Full definition
If you apply for a mortgage, your inbox, answering machine, and mailbox may fill up quickly with
competing offers from other mortgage companies.
If your credit card company will not lower your rates, explore
competing offers for balance transfer credit cards.
Less competition means more time for you to carefully consider a home purchase without the threat of
multiple competing offers.
Once a plaintiff applies for financing, investors
submit competing offers and the plaintiff chooses the one that seems best.
During the listing period, there are often 10 or
more competing offers with many potential homeowners feeling too frustrated to keep trying.
The main feature of an «elevator clause» is that it usually required (by default) confirmation of the exact amount (price) being offered in the next
highest competing offer.
Imagine if you could tap into a host of other hidden resources for your buyers, offer more selection and
avoid competing offers.
This is particularly important in hot markets where there are multiple,
competing offers from other buyers.
A well - priced listing in a popular neighborhood can sell within days (or sometimes even within hours) and with
multiple competing offers.
If an agent represents a buyer and seller, then that buyer has an unfair advantage over other buyers
with competing offers.
In
competing offer situations, it can be tempting not to include a clause in an offer that makes it conditional on a home inspection.
Another benefit in getting pre-qualified is that it is an expression of your seriousness in purchasing a home, which may be a deciding factor in a situation
of competing offers from other not - yet qualified buyers on your dream home.
Where state license laws prohibit the disclosure of terms of
competing offers by real estate licensees, parties specify what permissions their agents have to disclose either the existence or terms of offers.
«Typically, multiple buyers will be attracted to the low asking price and eventually the sales price will climb close to market value
as competing offers bid up the price,» Najm says.
Karen, an agent in West Palm Beach, Fla., blamed the loss of a deal last year on a listing agent who didn't
disclose competing offers until the eleventh hour.
Recently, I am seeing many
competing offers on properties, including all - cash offers and some properties going for more than asking price,» says Davies.
The unsolicited calls, emails, and letters
about competing offers often are called «prescreened» or «pre-approved» offers of credit.
Behaviour like this — issuing stock at a discount to liquidation value
when competing offers are available — raises red flags for us about KONA management's lack of regard for KONA stockholders.
While many shareholders would obviously like a higher bid, we
see competing offers as unlikely,» Misek wrote in his note.
Any and all rate offers or specials that you might find working directly with the lenders are also available through LendingTree, just with many
different competing offers to choose from as well.
Seller's Agents When you get to the point of submitting an offer, the Seller's Agent will favor your offer over
competing offers not Pre-Approved.
If you're in one of Canada's larger city centers, chances are you are currently dealing with a shortage of inventory, overpriced listings and
even competing offers.
If people listen to music on their phones, primarily, then the phone maker could segregate the offerings (or at least
diminish competing offerings), to steer phone users to «their» service.
The company said it would
solicit competing offers for 45 days, although analysts said they didn't expect a counteroffer to emerge.