As the listing agent , what can i do ,or better yet what pitfalls to look out for ?
CURRENTLY UNDER CONTRACT W/ ABOVE MARKET VALUE offer, now Frddie Mac forces my listing to use AUCTION .COM for 17 days, to a create a highest and best offer. So unfair to current buyer of 3 months waiting.
Below is the message from Nationstar negotiator about Auction .com procedures:
"please have the buyer submit their best & highest offer. We need to pick one offer for now. Once this file goes to auction.com, this is when other buyers will have an opportunity to outbid the current offer. The current buyer will still have an opportunity to bid if they get outbided until the auction is over."
Thank you for your attention- Bob