This article from Texas REALTOR® Magazine offers helpful insights for both Buyers and Sellers on handling multiple offers.
“Buyers Face Stiff Competition for Properties
Your buyer clients will need to stand out from the crowd in order to get a contract accepted. Many properties are going under contract quickly and often with multiple offers above listing price. Consider these tips for helping buyers put their best foot forward in this increasingly common scenario.”
“When Representing Sellers, Be Fair or Beware
Congratulations on receiving multiple offers for your seller’s property. What do you do now? To comply with Texas Real Estate Commission rules, you and your client’s next steps must treat all prospective buyers fairly or you risk disciplinary action.”