Multiple Offers to Buy

Q. Is a Seller entitled to accept any offer they choose out of Multiple Offers to buy a property or are they obliged to accept offers only in the order in which they are made?

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A. The Seller in normal circumstances would be entitled to accept whichever offer they considered the best. Unless there has been a promise by the Seller or Sellers Agent that the Seller will sign a particular Contract then the Seller should be free to choose whichever offer they prefer.

TIP: The Seller or Seller’s agent should never indicate to a Buyer that the Buyers offer to purchase a property will or may be accepted. The Buyer should merely be advised to submit an offer and that the Seller will consider it and if the Seller considers it acceptable the Seller will decide whether or not to sign the Contract.

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Andrew Francey

B.Bus, GCAF, GAICD

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Andrew has over two decades experience in high growth fast moving consumer goods, agribusiness and professional services. Supporting the OWNit team to deliver on client expectations, and implementing processes to scale the organisation, is a key focus for Andrew.

Andrew is a C-Suite leader with Chairman and Board experience.  He has formal qualifications in Business, Applied Finance and AICD Company Directors Course.

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