![]() “Multiples” generally occur in one direction or the other when the housing market is steeply changing one way or the other.įor information, guidance, services, questions …Ĭall today! You’ll be really glad you did. Sort of a comical question … what if a multiple offer (MCO-B) is made by a buyer for a property that is receiving multiple offers? I’ve never seen that happen and it’s rather unlikely. It’s pretty much the same process except backwards from the outline above – the buyer is making an offer on more than one property but ultimately can only purchase one of them. There is also a Multiple Offers process for buyers … and a AAR form Multiple Offer Counter Offer – Buyer (MCO-B). A Multiple Counter Offer situation is not an environment for amateurs, or even lightly experienced real estate agents. The party that receives a counteroffer has a few options to respond with. Put differently, this means that the party submitting the counter offer is rejecting the original offer that was made. Thus the seller remains in control of the process until he/she makes a final choice. A counter offer in real estate is when one party proposes another offer in response to the other party’s original offer on a house. Acceptance of this Multiple Counter Offer by Buyer shall not be binding unless and until it is finally accepted by the Seller … As stated there … Seller is making one or more other offer(s) to other prospective buyers on terms that may not be the same as contained herein. The seller uses a version of this form to respond to each offer. This form, acronym MCO-S, provides the means to manage this process. If you receive two or more offers to purchase your property at about the same time (lucky you), and you counter-offer them all, what if two or more accept? You sure can’t sell it to more than one! Multiple Counter Offer – Seller When a property is in high demand, the chances are that more than one buyer will make an offer on the property. What to do with Multiple Offers to purchase Your Home? ![]() What to do with Multiple Offers to purchase Your Home?.
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