Buying guide
How to navigate multi-offer situations as a buyer & seller
Everything you need to know to get a result
AI summary
A multi-offer situation occurs when multiple buyers submit written offers for a property, creating competition to achieve the best sale price.
For buyers, it's crucial to put your best offer forward, as you may not get a second chance. Making your offer attractive with fewer conditions can also give you an edge.
Sellers are in a position of power and should work with their agent to assess all parts of an offer—including price, conditions, and settlement date—to secure the best outcome.
What is a multi-offer?
Everything you need to know about multi-offer situations
6 tips for buyers in a multi-offer process
1. Put your best offer forward
2. Do your homework
As a buyer its all about making your offer stand out
3. Know the highest price isn’t always the best offer
4. Work with the vendor
5. Put the pressure on
6. Write a cover letter
6 Tips for sellers in a multi-offer process
1. Trust your agent
2. Communicate what you want clearly
Sellers are in a position of power during multi-offers.
3. Consider every element of every offer
4. Be helpful
5. Do your homework
6. Don’t be afraid to decline offers and don’t be rushed
Author
Discover More
All Blacks vs Ireland: What NZ’s average asking price buys in the Emerald Isle
As the All Blacks face Ireland, we look at how NZ's property market stacks up against the Irish.
'I wouldn't say we agreed instantly': The renovation that brought an old school back to life
A derelict Southland school becomes a vibrant home after a three-year, $250,000 renovation.
Search
Other articles you might like
