Multi-offers

Ka pai!

Er, not quite

The agent works for the seller, and their goal is to help get the best possible price for them. This typically means checking with all interested buyers to see if they want to put an offer in too.

The agent also needs to treat you fairly. If another offer comes in, they should give you the opportunity to review your offer.

Ka pai!

Er, not quite

The seller of the property does not need to accept a particular offer. They can accept one offer, reject all offers or choose to negotiate further with one party.

Ka pai!

Er, not quite

If you submit an offer before a multi-offer process starts, the agent must give you a chance to review it when the process becomes multi-offer. Similarly, if you are told that a sale is a multi-offer process but this changes to yours being the only offer, you must be told this. You will then be able to review your offer and submit a new one.

Ka pai!

Er, not quite

You can include an expiry time on your offer. The agent must present the offer to the seller to consider it before it expires. Think through the pros and cons of this approach first because some sellers don’t like being put under time pressure.

Ka pai!

Er, not quite

It’s important to know you may not get a chance to negotiate with the seller or make any changes to your offer. You will be competing with other offers, so think about how you can make your offer the most attractive to the seller and put your best offer forward.