What everyone should know about the Multi Offer process when buying a home
Kia Ora
This process is designed to give all potential buyers an equal opportunity.
Want to know more about the multi offer process just have a chat with me.
It is not like an auction where there can be multiple bids (offers) happening “live” with bidders (buyers) competing openly with one another to purchase the property being auctioned and the buyer is the person who pays the highest amount, out of all the participating buyers, that the Owners will accept. An Agreement is then automatically formed with the successful bidder ( buyer)
In a multi offer situation the seller is not obliged or required to accept any offer. They may accept one offer, reject all offers, or choose to negotiate further with one party.
Multi-offer processes can differ from agency to agency, but they can only be described as multi-offer when there is more than one offer in writing competing to buy the same property.
A multi-offer process can also be used if a property has failed to sell at auction or in a tender or deadline sale process . In these cases, an agent may initiate a multi-offer process where all interested parties are invited to submit their best offer.
🎄Let's get festive 🎄
If you've decked your halls with all things jolly, we think it deserves to be shown off!
Share a photo of your home in its Christmassy glory and be in to win a spot prize. Some of these entries will be chosen as a finalist for the grand title of NZ's Merriest Home which Neighbourly members can vote on!
Entries close Sunday, 15th of December so share a photo today 📸
Neighbourhood Riddle Duel: Who Will Guess First?
There are three playing cards in a row. Can you name them with these clues?
There is a two to the right of a king.
A diamond will be found to the left of a spade.
An ace is to the left of a heart.
A heart is to the left of a spade.
Now, identify all three cards.
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What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
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