Skip to main content
All CollectionsSeller Questions
How do I handle competing offers?
How do I handle competing offers?

How do I handle competing offers? Which obligations does the seller have when multiple offers have been made?

Bōdie avatar
Written by Bōdie
Updated over a week ago

Hooray! This is a fantastic position to be in as a seller.

When you receive offers through the Bōde platform, you will be able to compare each offer here.

It is important to note that not all offers are created equal. Make sure you review each of the different conditions so you have a full understanding of what each buyer is offering.

Also, don't forget, if you have a self-represented buyer making an offer, you will not have to pay an agent's commission so they could buy for less and you can still make more money than an agent-represented deal where there is a commission involved.

It is a good idea to let the buyers know that you have other offers and set a timeline for them to submit their best offer. It is totally up to you if you would like to share what price would get the deal done.

It is critical that you do not accept two offers. You can accept a back-up offer but must add a seller's condition of: “The acceptance to this offer is subject to the collapse of the already accepted offer collapsing.”

Bōde has a partnership with Deeded: a home closing platform that connects homeowners with specialised real estate lawyers. As a part of the selling service we provide, you’re able to book a legal review of your offer free of charge. Book your appointment here.

Read more about how to handle competing offers in this guide.

Did this answer your question?