Multiple Offers: A Buyer's Perspective

Download Buyer's Guide Here:

Multiple Offers: A Buyer’s Perspective
- Many of my Vancouver buyer clients ask me: “What it is like to go through a multiple offer situation”
- here’s the process and you’re not going to like it!
- this process puts the buyer at a huge disadvantage. The seller is holding all the cards
- typically 3 choices when a seller receives and offer
- 1: can counter the offer by making changes to the price, terms etc.
- 2: can ignore the offer i.e. throw it away
- 3: last one, the one you want for: seller accepts
- actually a 4th choice a seller has in a multiple offer scenario: seller can verbally ask you to if you are willing to increase your offer price
- if you are: offer is returned to you and you resubmit it with a higher price
- obviously this only happens when the seller has more than one offer and the offers are close in value.
- many rules around ethics and the listing agent’s code of conduct in this scenario.
- how are you buyers finding the market in Vancouver? - any luck successfully purchasing a home?
- - if you would like to learn more about multiple offers or if you looking to sell your home - give me a call.


No comments

Post Your Comment:

Your email will not be published
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.