Quick Strategies for Home Buyers: Can You Make An Offer on Multiple Homes at One Time?

Sometimes, in a hot market, buyers are anxious to find the right home and occasionally the right home could be at two or more locations.

One strategy that can be used is to make offers on more than one property simultaneously to make sure you don’t miss out on an opportunity to bid.

Now, the question becomes are you also willing to risk the chance of more than one seller accepting your offer at the same time? This is rare but if more than one seller does accept your offer the buyer must remember that they have a contractual obligation to perform, and if there are any deposits due the buyer has a legal obligation to transfer funds according to that agreement.

So, buyers may want to take advantage of this strategy but only as long as they’re also willing to put some money at risk.

Enter your email address to follow this blog and receive notifications of new posts by email.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s