We are told early in the week that the listing broker already has two offers in hand. All other offers are due by Friday at 5 p.m., she says.
Fair enough, but then she adds that best and final offers have a deadline of the following Monday at 5 p.m.
A double-deadline in advance is strange, indeed. What usually happens is that a listing agent has several offers in hand, doesn’t see a clear winner and only then, in concert with the seller, asks for best and final offers.
That’s the typical procedure. (more…)