You represent two clients who are extremely interested in the same property. How do you fairly advise them both?
This is a pretty awesome predicament. You have two, ready and willing buyers. Well done!
So here’s the tricky part. You have a fiduciary responsibility to get your clients the best price. How can you do that if you are representing two clients who want the same home?
This advice can also apply when you are representing the buyer and the seller of the same property. If you are going to represent both sides, you have to be very transparent with how you handle the situation. Set the expectations early. Let both sides know that you will treat them completely separately. Remind them to come in with their best offer. If you over-communicate and are ethical in how you handle the process, everyone wins.
I’m curious if others have been in this situation before. If so, let me know what you did and how it went.
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