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Posts from March 8th, 2024

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March
8

March 8th, 2024 by

What are "multiple offers"?

A common term these days, "multiple offers" means there is more than one offer to purchase a listed property. A seller can choose any offer at any time. In our state, sellers can go a step further and send out a notice to all interested parties that they have received more than one offer. They can go one step further and say that all offers need to be resubmitted with a date in the future by calling for "highest and best offers". It slows the process and allows potential buyers to send in their best offer for consideration. Many people confusingly call this a bid or bidding war, which it is not. It's simply a second chance to send the best offer a buyer can or they can remove themselves from the process if they desire.

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David Gorley
David Gorley Cell: (423) 292-8576 Email Me
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/20/2026. The listing information on this page last changed on 05/20/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 05/20/2026 2:55:55 AM EST) or Tennesse Virginia MLS (last updated Tue 05/19/2026 11:54:21 PM EST). Real estate listings held by brokerage firms other than Crye-Leike Real Estate Services may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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