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How do I handle multiple offers?

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Realtor reviewing multiple offers and comparing seller net and deposit sizes with agents

How do I handle multiple offers?

Multiple offers? Want the highest price with the least hassle? Follow this proven playbook.

Why multiple offers are a chance, not a problem

When you get multiple offers, you have leverage. Use it. The market rewards clarity, speed, and smart structure. Don’t get emotional. Treat this like a business deal and protect the seller’s net proceeds.

Quick checklist to handle multiple offers

  • Verify financing and pre-approval for every buyer.
  • Demand firm deposit amounts and clear conditions.
  • Compare closing dates and possession terms.
  • Calculate seller net — not just the headline price.
  • Watch for escalation clauses, subjects, and conditional language.
buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

1) Validate the buyer instantly

Ask the buyer’s agent for proof: lender pre-approval letters, bank statements for deposit, and ID. If it’s not verified, it’s not an offer. That cuts low-probability bids fast.

2) Use a highest-and-best or timed bid

Set a firm deadline and call it “Highest & Best.” Time-bound offers force buyers to show intent. That eliminates dithering and produces clean, comparable offers.

3) Compare seller net, not gross price

Line item the costs: legal fees, adjustments, commissions, repairs, and closing credits. A $10,000 higher offer with a late closing or big credit can be worse. Always pick the offer that nets the seller most money on closing day.

4) Prioritize clean offers and strong deposits

A clean, unconditional offer with a large deposit is usually stronger than a higher offer loaded with conditions. Look for firm deposit cash and short financing conditions.

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

5) Use escalation clauses wisely

Escalation clauses can drive price up, but inspect the fine print. Caps, triggers, and proof of original offer matter. If you accept an escalation, confirm the math and get written proof of competing bids when possible.

6) Negotiate the terms that matter

You can’t control price after an accepted offer, but you can control conditions. Shorten inspection periods, tighten financing dates, and limit seller duties. Push for certainty.

7) Communicate clearly and fast

Tell all buyer reps the process, deadline, and selection timeline. Transparency reduces risk of legal challenge. Document everything in writing.

How to choose when offers feel equal

Decide by priority: speed (fast close), certainty (cash/pre-approved), and net proceeds. If two offers tie, prioritize fewer conditions and larger deposits. If still tied, choose the buyer whose closing plan matches the seller’s timeline.

buying or selling a home in the GTA - Call Tony Sousa Real Estate Agent

Legal and ethical guardrails

Follow local disclosure rules and fair housing laws. Don’t share confidential buyer information. When in doubt, consult a real estate lawyer.

Final word: pick the offer that minimizes risk and maximizes net

Multiple offers create options. Use proof, tight timelines, deposit size, and seller-net math to pick the best one. Be decisive.

Need help running a clean multiple-offer process? Contact a local expert. Email: tony@sousasells.ca | Phone: 416-477-2620 | https://www.sousasells.ca

If you’re looking to sell your home, it’s crucial to get the price right. This can be a tricky task, but fortunately, you don’t have to do it alone. By seeking out expert advice from a seasoned real estate agent like Tony Sousa from the SousaSells.ca Team, you can get the guidance you need to determine the perfect price for your property. With Tony’s extensive experience in the industry, he knows exactly what factors to consider when pricing a home, and he’ll work closely with you to ensure that you get the best possible outcome. So why leave your home’s value up to chance? Contact Tony today to get started on the path to a successful home sale.

Tony Sousa

Tony@SousaSells.ca
416-477-2620

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