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| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Alexis Bolin
BIDDING WARS
Writing & Negotiating
the Winning Offer
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Alexis is …
➔ Number 1 agent nationally 3 times for a major
franchise
➔ Recognized as one of the Top 25 Most Powerful
Women in NW Florida
➔ Nominated for the Area Women in Business
Award
➔ Named to "Who's Who"" in Residential Real Estate
➔ Named "TOP 300 Real Estate Agents in the
Nation" by NAR Magazine
➔ Ranked Among the Top 1/10 of 1% of all Real
Estate Agents Nationwide
➔ Over 5500 closed residential real estate
transactions.
Alexis Bolin
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
What three things did you
come to this session to
learn or get help with?
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
ROTARY FOUR WAY
TEST
Of the things we say and do:
1. Is it the TRUTH?
2. Is it FAIR to all concerned?
3. Will it build GOODWILL & BETTER
FRIENDSHIPS?
4. Will it be BENEFICIAL to all concerned?
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Are YOU ready to
GET OUT OF JUDGEMENT
Expand YOUR MINDS …
Get into Curiosity
Right now?
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Ask Questions to Seek
to Understand
ASK
1. Always
2. Seeking
3. Knowledge
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
BECOME A BETTER
NEGOTIATOR
➔ Learn everything you can about the
situation, the issues, and the participants
➔ Understand all the participants needs and
interests
➔ Give them what they want to get what you
want
➔ Anticipate the other parties questions to
prepare your answers
➔ Always remain calm pleasant, and
unflappable
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
1. Coming Soon
2. Expired or Off Market
Listings
3. Builder New Homes
4. Not in MLD yet
5. Rentals or AirBnb
FINDING A HOME IN A LOW
INVENTORY MARKET
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Learn the True Motivation
of Buyers and Sellers,
Ask Questions
Let the other person tell you...
1. This is what I think
2. This is who I am
3. This is how I feel
4. This is what I want to achieve
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Discuss Multiple Offers
with the Buyer
At the buyer consultation prior to
showing homes
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Discuss Multiple Offers
At the Time of Listing
Get written permission to disclose or
not to disclose multiple offers from
the seller
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Ask Buyers Consultative
Questions
1. What are their goals
2. What is their Timing
3. What are the Pros and Cons
of Buying now or Waiting
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Buyers Feel They
are Entitled to
Know if There
Are Multiple
Offers
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
NOTIFICATION OF MULTIPLE
OFFERS TO AGENTS
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Get Written Permission
from Seller at the Listing
Appointment on How to
Handle Multiple Offers
Disclose or
Disclosure Other Offers
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
This Could Backfire
Buyers can request a seller to sign
a confidentiality form before
submitting their offer
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
NAR Code of Ethics
Standard of Practice 1-15
REALTORS ®, in response to inquiries from buyers
or cooperating brokers shall, with the seller's’
approval, disclose the existence of offers on the
property.
Where disclosure is authorized, REALTORS shall
also disclose, if asked, whether offers were
obtained by the listing licensee, another licensee in
the listing firm, or by a cooperation broker.
(Adopted 1/03, Amended 1/09)
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
AGENT NOTES
Instructions for MLS on What the Seller
Wants in an Offer
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
➔ All offers are to be accompanied by an
Earnest Money Deposit of not less than
$........................
➔ A letter of pre-approval from the lender
stating that the credit, income, employment
and down payment have been verified by
the lender.
➔ If cash offer then a letter of proof of funds is
to accompany any offer.
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Writing a Winning Offer -
Educate the Buyers at
First Meeting
What buyers have done to write
winning offers in a multiple offer
situation.
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
It’s Not All About the Price
Ideas to Write a Winning Offer
1. Large EMD
2. Buy as is with right to inspect
3. Waive inspection repairs or put a low
amount
4. Agree to pay some or all of the sellers
normal closing costs
5. Do not attache addenda that isn’t important
to the sale
6. Seller picks that closing date
7. Let the seller have a week, etc to Move out
without rent
8. Do not ask for personal items
9. No contingencies
10. Make your best offer first
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
ESCALATION CLAUSES
TO USE OR NOT TO USE
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Multiple Offer
Procedure Form
Explains to Agents how the
seller is handling the offers
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Ideas on How to Present
Multiple Offers to the Seller
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Make a Spreadsheet
for all Offers to share
with the Seller
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Confirming Acceptance or
Rejection of an Offer
1. Write on the first page of the
rejected offer
2. Seller reviewed and declined
3. Have Seller sign and date and send
back to the agent
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Careful When Transmitting
Acceptance of an Offer
You may unwittingly bind the client to a
purchase. The seller or buyer may find
themselves compelled to perform because
of the agent’s actions.
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
80%
of the vital issues
of any negotiation
are resolved the
last 20% of the
time allotted
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Question?
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Local Connect
Reach the Right Consumers
at the Right Time
with Senaida Fierro
Homes.com
All NEW
Exclusive
Phone Leads
Details After the
Webinar
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Reserve Your Zip
Codes NOW!
Be the Local Expert
on the
Listing Detail Page
Direct Connect
phone display
On the form
Stand out when
You add
Preferred Branding!
59%
Plan to move in
the next six
months
76%
Are not yet
working with a
real estate
professional
Homes.com Quality Traffic
Homes.com poll of users Jan 2019
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Local Connect
Be seen on hundreds of local listings
and connect with buyers in real time.
Text “Homes” to 484848
Up to 50% off all
Homes.com products!
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Call or text today to find out
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Today’s Special 50All Homes.com Products
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| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Leads Contacted Within
Did You Know?
Insidesales.com: Lead Response Study
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Are 100X
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| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Local Connect
Lead Form
Incoming Calls
Call routed directly to
the Lead Concierge
Live Transfer to YOU!
Notes added to your
Lead Manager
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Lead Concierge
➔ We answer the calls for you
➔ We do the legwork to connect
with new leads
➔ We can handle leads from
most any other source
| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
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| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
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| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Don’t Miss Your
Next Transaction
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Account Executive
Webinars@Homes.com
Homes.com Lead Concierge
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| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
Larry Kendall
November 18th, 2020
FINDING INVENTORY
Generating Listings the Ninja Way
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| Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by

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Bidding Wars - Writing and Negotiating the Winning Offer

  • 1. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Alexis Bolin BIDDING WARS Writing & Negotiating the Winning Offer
  • 2. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Alexis is … ➔ Number 1 agent nationally 3 times for a major franchise ➔ Recognized as one of the Top 25 Most Powerful Women in NW Florida ➔ Nominated for the Area Women in Business Award ➔ Named to "Who's Who"" in Residential Real Estate ➔ Named "TOP 300 Real Estate Agents in the Nation" by NAR Magazine ➔ Ranked Among the Top 1/10 of 1% of all Real Estate Agents Nationwide ➔ Over 5500 closed residential real estate transactions. Alexis Bolin
  • 3. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by What three things did you come to this session to learn or get help with?
  • 4. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by ROTARY FOUR WAY TEST Of the things we say and do: 1. Is it the TRUTH? 2. Is it FAIR to all concerned? 3. Will it build GOODWILL & BETTER FRIENDSHIPS? 4. Will it be BENEFICIAL to all concerned?
  • 5. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Are YOU ready to GET OUT OF JUDGEMENT Expand YOUR MINDS … Get into Curiosity Right now?
  • 6. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Ask Questions to Seek to Understand ASK 1. Always 2. Seeking 3. Knowledge
  • 7. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by BECOME A BETTER NEGOTIATOR ➔ Learn everything you can about the situation, the issues, and the participants ➔ Understand all the participants needs and interests ➔ Give them what they want to get what you want ➔ Anticipate the other parties questions to prepare your answers ➔ Always remain calm pleasant, and unflappable
  • 8. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by 1. Coming Soon 2. Expired or Off Market Listings 3. Builder New Homes 4. Not in MLD yet 5. Rentals or AirBnb FINDING A HOME IN A LOW INVENTORY MARKET
  • 9. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Learn the True Motivation of Buyers and Sellers, Ask Questions Let the other person tell you... 1. This is what I think 2. This is who I am 3. This is how I feel 4. This is what I want to achieve
  • 10. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Discuss Multiple Offers with the Buyer At the buyer consultation prior to showing homes
  • 11. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Discuss Multiple Offers At the Time of Listing Get written permission to disclose or not to disclose multiple offers from the seller
  • 12. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Ask Buyers Consultative Questions 1. What are their goals 2. What is their Timing 3. What are the Pros and Cons of Buying now or Waiting
  • 13. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Buyers Feel They are Entitled to Know if There Are Multiple Offers
  • 14. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by NOTIFICATION OF MULTIPLE OFFERS TO AGENTS
  • 15. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Get Written Permission from Seller at the Listing Appointment on How to Handle Multiple Offers Disclose or Disclosure Other Offers
  • 16. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by This Could Backfire Buyers can request a seller to sign a confidentiality form before submitting their offer
  • 17. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by NAR Code of Ethics Standard of Practice 1-15 REALTORS ®, in response to inquiries from buyers or cooperating brokers shall, with the seller's’ approval, disclose the existence of offers on the property. Where disclosure is authorized, REALTORS shall also disclose, if asked, whether offers were obtained by the listing licensee, another licensee in the listing firm, or by a cooperation broker. (Adopted 1/03, Amended 1/09)
  • 18. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by AGENT NOTES Instructions for MLS on What the Seller Wants in an Offer
  • 19. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by ➔ All offers are to be accompanied by an Earnest Money Deposit of not less than $........................ ➔ A letter of pre-approval from the lender stating that the credit, income, employment and down payment have been verified by the lender. ➔ If cash offer then a letter of proof of funds is to accompany any offer.
  • 20. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 21. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 22. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 23. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Writing a Winning Offer - Educate the Buyers at First Meeting What buyers have done to write winning offers in a multiple offer situation.
  • 24. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 25. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 26. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 27. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by It’s Not All About the Price Ideas to Write a Winning Offer 1. Large EMD 2. Buy as is with right to inspect 3. Waive inspection repairs or put a low amount 4. Agree to pay some or all of the sellers normal closing costs 5. Do not attache addenda that isn’t important to the sale 6. Seller picks that closing date 7. Let the seller have a week, etc to Move out without rent 8. Do not ask for personal items 9. No contingencies 10. Make your best offer first
  • 28. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by ESCALATION CLAUSES TO USE OR NOT TO USE
  • 29. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 30. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 31. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Multiple Offer Procedure Form Explains to Agents how the seller is handling the offers
  • 32. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Ideas on How to Present Multiple Offers to the Seller
  • 33. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 34. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Make a Spreadsheet for all Offers to share with the Seller
  • 35. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by
  • 36. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Confirming Acceptance or Rejection of an Offer 1. Write on the first page of the rejected offer 2. Seller reviewed and declined 3. Have Seller sign and date and send back to the agent
  • 37. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Careful When Transmitting Acceptance of an Offer You may unwittingly bind the client to a purchase. The seller or buyer may find themselves compelled to perform because of the agent’s actions.
  • 38. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by 80% of the vital issues of any negotiation are resolved the last 20% of the time allotted
  • 39. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Question?
  • 40. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Local Connect Reach the Right Consumers at the Right Time with Senaida Fierro Homes.com All NEW Exclusive Phone Leads Details After the Webinar
  • 41. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Reserve Your Zip Codes NOW! Be the Local Expert on the Listing Detail Page Direct Connect phone display On the form Stand out when You add Preferred Branding! 59% Plan to move in the next six months 76% Are not yet working with a real estate professional Homes.com Quality Traffic Homes.com poll of users Jan 2019
  • 42. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Local Connect Be seen on hundreds of local listings and connect with buyers in real time. Text “Homes” to 484848 Up to 50% off all Homes.com products!
  • 43. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Call or text today to find out how to get more leads! Today’s Special 50All Homes.com Products UP TO % OFF
  • 44. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Leads Contacted Within Did You Know? Insidesales.com: Lead Response Study 5 Minutes Are 100X More Likely to Convert
  • 45. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Local Connect Lead Form Incoming Calls Call routed directly to the Lead Concierge Live Transfer to YOU! Notes added to your Lead Manager
  • 46. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Lead Concierge ➔ We answer the calls for you ➔ We do the legwork to connect with new leads ➔ We can handle leads from most any other source
  • 47. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Become a Rapid Responder
  • 48. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by $129 Pricing Varies Upon Agreement Can Add on for as Low As
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  • 50. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by Larry Kendall November 18th, 2020 FINDING INVENTORY Generating Listings the Ninja Way REGISTER NOW: SecretsWebinars.com
  • 51. | Bidding Wars. Writing and Negotiating the Winning Offer Brought to you by

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