If you are writing offers on more than one house at a time, you run the risk that you could end up with more than one fully accepted, contractual obligation to buy a house. Make sure that you have explored the pitfalls of this strategy fully with your agent. This is a crazy real estate market. New strategies are being implemented by buyers and their agents in an attempt to find success in buying the right house at the right price. The very fact that you would ask this question tells me that you have misgivings about what you are doing. Have an open, frank and full discussion with your agent about the pluses and minuses of your plan of action. If you need additional advice, perhaps your agent’s broker can be brought into the mix.

In any event, I hope you get the house that is best for you.

John Juarez, REALTOR
Windermere Properties of the East Bay
John@CarlMedford.com
510-673-0686

No we have many clients based on particulars of home will place multi offers . Unless with same listing agent, bank , or seller then could be questionable .

However I would not have any concerns if you receive a response you can continue work both offers till you receive an executed contract


National Featured Realtor and Consultant, Texas Mortgage Loan Officer, Credit Repair Lecturer
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Lynn911

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Although this sounds like a great approach, it can be one of great risk...Venturing into this arena should include the expertise of a representative that can "word smith" your offers in a manner that allows you to back out of the contract without penalty.

If you have taken this into consideration....good for you. If not, you may be looking a purchasing two homes or losing your escrow money and/or facing damages on the other.

Making multiple offers is something that should only be done by individuals that are skilled in this approach.

Good luck
The Eckler Team

Vintage Kitten

We wondered...if sellers can review multiple offers, then why can't a buyer write offers on multiple properties? There have been several blogs about this, and there is no right answer that fits every situation.

Today, when there is such intense competition to buy a property in certain price ranges, and when there's no guarantee that your offer will be accepted, you need to strategize to increase your chances.

If your offer is accepted on one property but you haven't heard back from the other --- and assuming that you will be happy with either property that you wrote on --- then the right thing to do is to withdraw your other offer that hasn't been accepted yet.

Depending on the type of sale --- REO? short sale? regular sale? --- there are instructions to open escrow within acceptance. For example, if you did get accepted on an offer, and the instructions are that you open escrow within 3 days of acceptance, you may jeopardize that particular purchase if you don't comply because you're still waiting on a response on the other offer.

On a short sale, even if the seller accepts your offer, it will still require lender approval which can take months. And there's no guarantee your offer will be accepted or that the short sale will be approved. Therefore, it behooves you to continue looking so that you don't miss an opportunity to find something better and can close escrow faster.

This is a sticky situation...so it's a strategy that should be employed very carefully.

Good luck to you.