Can I submit multiple offers on different
homes?
Want to submit multiple offers on different homes and WIN — without legal risk?
Short answer
Yes — but only if you do it smart. You can submit multiple offers on different properties, but each offer is a legal contract once accepted. That means more opportunity — and more risk. This is a negotiation play, not a guessing game.
How this works (offers & negotiation basics)
- Each written offer is a separate purchase agreement. If a seller accepts, you’re legally bound to complete the purchase under that contract.
- Sellers judge strength by deposit size, financing proof, conditions, and timing.
- Multiple offers are common in competitive markets. Agents and savvy buyers use them to increase odds, but the strategy must respect legal and ethical limits.
Risk checklist — what to know before submitting multiple offers
- Binding commitment: Once accepted, you must close unless your offer has valid conditions (finance, inspection, sale of current home).
- Deposit exposure: You may lose deposits if you back out without an allowed condition.
- Mortgage limits: Lenders may not approve multiple mortgages simultaneously. Have your broker confirm pre-approval that covers your strategy.
- Misrepresentation: Don’t promise you’ve sold another home or made false claims. It’s illegal and harms your credibility.
Tactical negotiation moves that actually work
- Prioritize properties. Choose a true first choice and a backup or two.
- Use conditions wisely. A short inspection window and a strong financing clause balance risk and appeal.
- Offer an escalation clause to automatically outbid competitors up to a cap. This signals seriousness without multiple full-price commitments.
- Submit a backup offer instead of simultaneous full offers when possible. Backup offers can be accepted only if the first deal falls through — lower risk.
- Proof of funds & pre-approval: Attach them. Sellers ignore offers that look risky.
Ethics and agent role
Your agent should disclose multiple offers to all relevant parties when required by local rules. Agents must not fabricate stronger offers or mislead sellers. Work with a licensed agent who plays clean and negotiates hard.
Quick action plan (3 steps)
- Get a firm mortgage pre-approval and proof of funds.
- Rank the homes and decide which will get the strongest offer vs. backup offers.
- Talk strategy with your agent — agree on deposit levels, conditions, and acceptable risk.
Final word
Submitting multiple offers can boost your odds in a hot market. But winning a bad contract is losing. Combine clear priorities, solid financing, smart conditions, and an experienced negotiator who knows Offers & Negotiation. That’s how you win without burning cash or credibility.
Need a straight-talking local pro to draft watertight offers and manage negotiation? Contact Tony Sousa for fast, decisive advice: tony@sousasells.ca | 416-477-2620 | https://www.sousasells.ca
