Q&A: What to do if I receive more offers during negotiation? (CA)

Good morning, Inna Ivchenko in MA, the home is on the market and available until the offer to purchase is fully executed.... in the middle of negotiations, if another offer is submitted, it's as eligible as the all others...the decision is the seller's as to what is accepted...

We do it the same way here in Florida with the exception that the withdrawal of an offer or counteroffer needs to be on some form of writing.  Can be formal or even a text, just need a time stamp in case the original offer/counteroffer has already been accepted in which case it won't work.

Inna Ivchenko Great informative question and answer. I get questions like this often from new agents and sellers. 

It sounds like a wonderful scenerio to me, providing you are that lucky seller!

Each State has a procedure for multiple offers. When other offers come in I leave it up to the seller as to how they would like to handle it. We do have a box on our listing agreements that the seller answers if they want us to present additional offers or not.

Inna great advice Multiple Counter Offer is the way and recent the last one before anyone accepts it...Endre

Inna, loved how you displayed your documents there in Los Angeles.  Communication is key for sure.  

Very good advice!  In Wyoming it would be the same but we don't have an official pre-made form for it.  I appreciate your inclusion of an example.  It is definitely useful.  Thanks!

Inna, good explanation for this process. And in the end, the seller always decides how to proceed, right? 

Good afternoon Inna - good advice here and the take away is check with your individual state regulations.

I love that California has an actual form for that!  I've saved it so I can refer to it when the situation arises.

I had this exact situation today and the seller opted to wait and see what happens with the counteroffer. Many sellers don't think they have a choice and they do.

Inna, we have had multiple offers in the spring and early summer for 4 years now, and sometimes 20+ offers.    Once a buyer signs the counter here in Denver, that Seller is UC.    I usually advice the Seller to focus on one offer and one or two for back-up offers.

Inna,

 Each state is so different I love learning about all the differences in each state hence why you should always have a professional involved!

This does happen, Inna Ivchenko . And we have had seller's withdraw their counter offer. In Oregon, even if the buyer has accepted the seller's counter offer, but that offer has not been transmitted to the seller's agent, the acceptance is not binding. We have acceptance upon transmission and receipt.

If there is a counter, and once a buyer signs the counter here in West Virginia, the Seller is UC.  Any other offers coming in after acceptance can be a backup offer.