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 Buyers Making Multiple Offers

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Date: March 13, 2007, Number of Replies: 0


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I don't see, what the fuss is about.  Investors with money buy more than one property all the time.  An offer until it becomes a Contract is still an offer. If it is full price offer in more than one property with a qualified buyer with the intention of not buying and lying in any contingency removal- the property should still be for sale and subsequent acceptance should spell out the conditions under which acceptance will become void and time period given for e.g. inspection and approval of loan etc. If an agent knows that in advance, He/She is putting him/her self in trouble.  What happens to EMD etc. How does a BA help or can not help to get the EMD back.  In our area EMD goes to seller first, if the buyer defaults in the terms of the contract.  That is why the EMD should be sizable to the size of the property contract.  One can extrapolate the rest. Time is of essence in all Real Estate offers. Don't ignore to get the response and deliver it to proper buyer or seller immediately.
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