What is the process when there are multiple offers on a property for sale?

Oct 10, 2022, 15:49 PM
Title : What is the process when there are multiple offers on a property for sale?

There is no right or wrong procedure.

It is important to remember that it is always a seller’s right to assume that any offer received from a buyer is their best offer.

If the seller has several offers to consider then the seller may ask the agent to inform the buyers that there are multiple offers and that the buyers have until a specified time to present their best offer.

The seller could also decide to only negotiate with one of the offers.

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