Multiple Offers – Protect Your Buyer

Just a reminder to all my fellow Realtors out there – often we go to present an offer on behalf of our client (Buyer) and are called and told we are now in a multiple offer situation.   PROTECT your client !!!  Make sure you have the following clause in your offer (your client’s will appreciate it);  

“The buyer is presenting this offer based on the assumption that multiple offers will be presented to the seller on the ___day of ________, 20___. If the seller receives no other offers by 10:00 p.m. on the ___ day of ________, 20___, the buyer(s) may amend and/or cancel their offer and/or change the price. If the seller(s) accept the buyer(s) offer, they must provide the buyer with proof they have received at least on other offer. This means providing, at minimum, the name, address and phone number of the real estate agent who presented the rival offer.”

Looking after your client is your first and foremost responsibility.  Represent them well and do your due diligence.  It will pay you back ten fold in the long run.  Feel free to copy the clause and keep it for future use.

Have a super day and I look forward to working with you soon !  Cheers, Michelle