1198 days ago

What everyone should know about the Multi Offer process when buying a home

Matt from

Kia Ora
This process is designed to give all potential buyers an equal opportunity.

Want to know more about the multi offer process just have a chat with me.

It is not like an auction  where there can be multiple bids (offers) happening “live” with bidders (buyers) competing openly with one another to purchase the property being auctioned and the buyer is the person who pays the highest amount, out of all the participating buyers, that the Owners will accept. An Agreement is then automatically formed with the successful bidder ( buyer)


In a multi offer situation the seller is not obliged or required to accept any offer. They may accept one offer, reject all offers, or choose to negotiate further with one party.
Multi-offer processes can differ from agency to agency, but they can only be described as multi-offer when there is more than one offer in writing competing to buy the same property.

A multi-offer process can also be used if a property has failed to sell at auction or in a tender or deadline sale process . In these cases, an agent may initiate a multi-offer process where all interested parties are invited to submit their best offer.

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More messages from your neighbours
2 hours ago

Sweet Dreams Start with the Perfect Bedtime Drink! ?✨

Beds4U Tauranga

Bedtime rituals are better with the perfect drink! ?✨ Do you prefer warm hot chocolate, soothing herbal tea, or refreshing water? Tell us your favourite bedtime beverage and let’s get inspired for those peaceful nights! ? #Beds4U #sleep

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4 days ago

Become an SPCA Foster Hero!

The Team from SPCA Tauranga - Centre & Op Shops

Kitten season has arrived, and over the next six months, over 8,000 cats and kittens will come into SPCA’s care. Please help us give these babies the best start in life and sign up to be a foster parent today! It's not just cats and kittens - we are also urgently seeking foster homes for dogs and small animals.

Fostering saves lives and helps these tiny babies grow into healthy, well-adjusted adults, ready for adoption. We cover all training and costs. All you need is time and love to spare!

Sign up today and save a life!

11 hours ago

Paint it orange with Resene for Arthritis NZ!

Resene

Buy any orange Resene testpot 60 ml at your local Resene owned ColorShop in November and Resene will donate $1 to Arthritis NZ!

The more orange testpots you buy, the more will be donated.
Find out more

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