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Accredited Agency Acknowledgement of Multiple Offers Buyer It is hereby acknowledged by: Being the prospective Buyer/s making an offer on the property situated at: ADDRESS: SUBURB: STATE: POSTCODE:.

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What exactly does it mean to be in multiple offers? As a buyer, it means there is at least one other buyer that has submitted an offer to purchase the same property as you.

If you're looking to purchase a house in a competitive market, you might find yourself in a multiple offer situation, meaning there is at least one other party interested in the same property as you.

Thank each buyer for their interest, tell them you've received multiple offers and that in order to be fair and respectful to everyone, ask them if they would like to respond with their highest and best offer by a certain date/time, along with a pre-qualification letter.

A multiple offer occurs when more than one prospective buyer makes an offer on a property by submitting a Contract of Sale. The REIQ often receives queries from consumers about multiple offers on a property.

Is it Legal to Put an Offer on More Than One Home at a Time? Yes, it's legal; however, some jurisdictions might not allow it or have certain stipulations that go with doing so. Therefore, you should check with a real estate attorney if this is something you choose to do.

In essence, multiple offers are a competition between those buyers to have the home's seller accept their offer over other buyers. Multiple offer situations typically occur in very active real estate markets (where there are more buyers than properties), or when a highly desirable property is listed for sale.

Inform all buyers that multiple offers will be all be presented on a specific date and time. Present offers as they come in and counter them one at a time while making the other offers wait for the outcome. Present all offers, counter one offer and reject all other offers.

Sellers can accept the “best” offer; they can inform all potential purchasers that other offers are “on the table”; they can “counter” one offer while putting the other offers to the side awaiting a decision on the counter-offer; or they can “counter” one offer and reject the others.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232