How to handle multiple offers- The Sellers Guide to Multiple Offers » Mortgage Masters Group

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Multiple offers often happen in a seller’s market when competition for residential property is greatest and there are more buyers than there are properties for sale. However, it can occur in any market and especially for properties within an affordable price range.

multiple offers: the seller, the buyer & you! The following material was prepared by William Johnston for OREA’s Continuing Education Program and is reprinted with permission of the author and the Ontario Real Estate Association.

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offers their seller-clients have made. Finally, buyers and sellers need to appreciate that in multiple offer situations only one offer will result in a sale, and the other buyers will often be disappointed their offers were not accepted. While little can be done to assuage that disappointment, fair and honest

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Information for Buyers. Sellers have several ways to deal with multiple 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.

about the status of counter-offers their seller-clients have made. Finally, buyers and sellers need to appreciate that in multiple offer situations only one offer will result in a sale, and the other buyers will often be disappointed their offers were not accepted. While little can be done to

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Review buyer ‘extras’. Getting multiple offers when you sell your home can be exciting. But by considering all parts of the offers, including price, contingencies and ability to close, you can successfully handle multiple offers on your house and sign the best contract.