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 occurs when multiple buyers submit written offers for a property. This guide helps both sides navigate the process for a successful outcome.
For buyers, it's vital to put your best offer forward with minimal conditions. Understanding the seller's preferred settlement date can also provide an advantage.
For sellers, a multi-offer gives you leverage. Assess all parts of an offer—price, conditions, and settlement—but remember you are not obligated to accept any proposal.
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
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