Receiving, managing and negotiating offers online is not something new, but it is increasing in popularity due to widespread multiple offer situations that exist in the current market. eBrokerHouse.com has been a leader in this service for over four years. They are quickly transforming the offer process into one that is more transparent for all parties involved, and easier to manage for the listing agent.

How does it work?

It's actually very simple. Each listing entered into eBrokerHouse generates a unique URL, which an agent copies and places into the offer instruction in their MLS. Agents click the link and are taken to the offer submission page for that listing where they enter offer details and upload their offer documents.

eBrokerHouse CEO Alan Fenn says, "Fax and even email offers are quickly becoming outdated methods for submitting, negotiating and managing offers. We are providing smarter and more efficient way to do handle offers. Our goal is to standardize the offer process throughout the entire industry."

There are benefits to all parties involved in the eBrokerHouse offer process. The listing agent is able to receive all of their offers into one central location in one standard format. This reduces clutter and missing documents, and keeps the agent and their team organized. Listing agents can make certain info required to be submitted with the offer, limit financing types accepted, set a highest and best date, attach addendums or other documents that need to be included with the offer, and more. This ensures each offer comes in complete with all the information needed to present to the seller.

Review offer details

eBrokerHouse streamlines the offer review, management and negotiation process. It also provides buyers and their agents with a simple and transparent offer process that leaves no suspicion of fraud or negligence.

One major benefit to the submitting agent and their clients is that it ensures their offer is always received by the listing agent. The submitting agent receives a confirmation email and an amend link that will allow them to amend/counter their offer and see all offer details at any time. Submitting agents can also often view the number of offers already submitted on the listing before submitting an offer. Once an offer has been submitted, the submitting agent can always see the status of the offer through the amend link. This eliminates the need to leave message after message with the listing agent to check the offer's status.

Manage multiple offers

Over 600,000 offers have been submitted through the eBrokerHouse platform since 2009. The company recently partnered with two of the largest local REALTOR® Associations in the country (MIAMI and San Diego). eBrokerHouse will be fully integrated with MIAMI's MLS. A 'Submit Offer' button will be placed on every MIAMI listing in the MLS. Both Associations are providing direct listing feeds to eBrokerHouse to eliminate the need for their members to manually enter their listings into the platform.

As agents everywhere continue to adopt and infuse technology into their businesses in growing numbers, eBrokerHouse is on the path to set the standard by which offers are handled in the industry.

Next Steps

• Learn more about eBrokerHouse in our Product Directory
• Explore more Back Office and Transaction Management solutions