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 written offers are made on a property, creating competition and giving sellers leverage.
For buyers, it's crucial to submit your best price and aim for an unconditional offer by completing due diligence early. The offer with the fewest conditions is often the most attractive.
For sellers, trust your agent and clearly communicate your ideal terms beyond just price, such as settlement date. You can negotiate or reject all offers to achieve 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
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