Multiple Offer Form PDF Details

In navigating the complexities of real estate transactions, especially in competitive markets, the Multiple Offer Procedure Form stands out as a crucial document designed to streamline the process when there are multiple interested buyers for a property. By outlining a structured approach to handling several offers, this form requires all parties to submit their proposals in writing—no room for verbal offers—to ensure fairness and transparency. Each offer must be considered the buyer's "best" and is to be delivered to the listing agent by a specific deadline, including a requirement for a facsimile delivery. The form clearly states that the seller holds the ultimate power to accept or reject any offer and is under no obligation to sell unless a written contract is fully executed by both purchaser and seller. Furthermore, it emphasizes the non-binding nature of verbal communication and the seller’s right to reopen negotiations if an initially accepted offer falls through. In essence, this form is designed to avoid misunderstandings and to afford each buyer an equal opportunity to purchase the property under consideration. Importantly, the submission of this form is a must for any offer to be considered, making it an essential step in the property buying process.

QuestionAnswer
Form NameMultiple Offer Form
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesnj i instructions business form get, multiple offer procedure, offer procedure form template, multiple offer form

Form Preview Example

MULTIPLE OFFER PROCEDURE FORM

(If you fail to execute and return this document we will not be able to consider your offer)

Date: ____________________

Property Description: __________________________________________________

Purchaser Name: ___________________________________________________

Selling Agent, Broker & Phone: ________________________________________

Dear Purchaser:

We are involved in a multiple offer situation on the above referenced

property.

ALL OFFERS will be considered subject to the following:

1.All offers must be in writing, no verbal offers will be accepted.

2.The Listing Agent must receive your written “best” offer no later than ________

(date) by __________ (time). Delivery of such offer may be via facsimile to: Listing Broker & Fax #: __________________________________________

3.The Listing Agent will present all “best” offers to Seller no later than the next

day.

4.The following terms and conditions shall be applicable to you and to any offer:

a.Seller shall have sole and absolute discretion to accept or reject any offer

. received. Seller has absolute right and discretion to reject all offers.

b.Subsequent to receipt of offers, Seller shall have the absolute right to deal with any Broker and/or one or more Purchasers to further negotiate the terms and conditions of any offer. In so doing, Seller shall have no obligation to negotiate or communicate with each, every, or any other Purchaser.

c.Under no circumstances shall verbal communication be binding on Seller.

d.The acceptance of any offer shall be conditioned upon the subsequent

execution by the Purchaser and Seller of a written contract of sale. Seller shall have no obligation to sell property unless written contract is fully executed.

5.In the event an accepted offer does not result in a closing, Seller reserves the right to re-open negotiations with any Purchaser.

Please sign below and return this form to the Listing Broker. Failure to transmit such

acceptance may prevent your offer from being considered.

ACKNOWLEDGED AND AGREED TO BY:

________________________________________________________

PurchaserDate

_________________________________________________________

Purchaser

Date

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