Lots of Extra Tasks — But Also One Less
It’s no secret that participating in multiples offers can be challenging: for stressed Buyers, their exhausted agents, and even 
listing agents (representing the Seller), who may be overwhelmed by the number of offers.
Fortunately, there’s at least one standard, time-consuming task that Buyers’ agents in multiple offers can skip: doing a Comparative Market Analysis (“CMA”).
That’s because a newly listed home that’s in multiples ain’t selling for a discount.
On the contrary, the asking price is typically the floor, while the winning bid can be as much as 10% to 15% higher, depending on the number of offers.
See also, “Doing CMA’s for Sellers.”
