| I have received multiple offers, now what? |
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First of all, Congratulations!!
The first thing to do is review each offer side by side and see which seems strongest and most likely to be able to complete the transaction. Purchase price, down payment, Escrow period and contingencies should be considered.
In the event that they are both comparably strong, you can choose to one of the following:
#1 - Counter both offers - Should you choose this option, make sure that you check the box in section 4 on the counter offer form that says you are making multiple counter offers.
#2 - Counter one and reject the other
#3 - Accept one and reject the other.
Do not in any event accept both offers, you cannot bind yourself to multiple buyers at one time. If you would like to keep the second buyer as an option, you can tell them that they can be a backup offer if your first falls through.
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