Photo: Angela Roma

What happens if 2 offers are accepted?

Be considerate of sellers: If you make several offers and one is accepted, you should immediately notify each of the other sellers and revoke your offer so they don't consider it valid. Timing is crucial in this type of situation because once a seller has signed off on your offer it's considered a ratified agreement.

realtor.com - Can You Put Offers on Multiple Houses? | realtor.com® - Realtor.com

How can I predict soccer and win?

Luck can be an element to successful betting but having winning tips goes a long way. Follow a Tipster. ... Try Matched Betting. ... Consider...

Last updated Nov 12, 2022

What do odds 9 4 mean?

9-4 Betting Odds means that out of 13 possible outcomes, the 9/4 odds are that there will be 9 of one kind of outcome and 4 of another kind of...

Last updated Sep 15, 2021

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

You’ve likely seen the dearth of dramatic real estate articles lately. Mortgage rates are up! Home inventory is scarce! The days a home spends on the market keeps shrinking! And yet some news is good: More sellers are entering the market, boosting overall homes for sale. This swirl of real estate market ups and downs may lead a desperate seller to consider drastic measures to land a home before the market gets even more out of whack. One move that may seem to make sense at first blush is to put offers out on multiple properties in the hopes that one will come through. While putting your offer bids in more than one basket may give you a leg up on the competition in some way, there are a couple of crucial issues to consider.

In either scenario, buyers may still be tempted to make simultaneous offers on multiple homes in the hope that one will be accepted. But can you put multiple offers on different houses? Or, better yet, should you?

Can you put offers on multiple houses? Yes, but first understand the legal ramifications Before you take the drastic step of signing offers for several homes, consult with a real estate attorney. While many people think it’s unethical to make multiple offers when you only intend to buy one property, it also may be illegal depending on where you live. A law in many jurisdictions that’s referred to as a “good faith and fair dealing covenant” could be broken if you make multiple offers at once, knowing that you cannot fulfill all those contracts if they were all to be accepted.

How to protect yourself when making multiple offers

Your first protection should be legal advice from a reputable attorney, but if your lawyer gives you the go-ahead to make several offers at once, you also need to make sure those offers are made correctly: Provide separate deposits for each offer: You’ll need to provide an earnest money deposit with each offer which will then be put in escrow until your offer is accepted. You must write a separate check for each and be prepared to have enough cash available to cover each check because if you lose control of the multiple offer situation you could end up losing more than one deposit. You cannot simply photocopy the same check with each offer because this could invalidate every offer. You’ll need to provide an earnest money deposit with each offer which will then be put in escrow until your offer is accepted. You must write a separate check for each and be prepared to have enough cash available to cover each check because if you lose control of the multiple offer situation you could end up losing more than one deposit. You cannot simply photocopy the same check with each offer because this could invalidate every offer. Consider contingencies: The best way to make multiple offers would be to make them contingent on whether one of your other offers is accepted by another seller, but realistically no seller is likely to accept such an offer. However, if you don’t have any contingencies on your offer, you run the risk of having more than one offer accepted at the same time. In that case, each seller would expect to cash your deposit and to complete the sales transaction. If you fail to complete the transaction you can lose your deposit and perhaps face further legal and financial consequences from the sellers. The best way to make multiple offers would be to make them contingent on whether one of your other offers is accepted by another seller, but realistically no seller is likely to accept such an offer. However, if you don’t have any contingencies on your offer, you run the risk of having more than one offer accepted at the same time. In that case, each seller would expect to cash your deposit and to complete the sales transaction. If you fail to complete the transaction you can lose your deposit and perhaps face further legal and financial consequences from the sellers. Be considerate of sellers: If you make several offers and one is accepted, you should immediately notify each of the other sellers and revoke your offer so they don’t consider it valid. Timing is crucial in this type of situation because once a seller has signed off on your offer it’s considered a ratified agreement. It’s possible to have two of your offers accepted by sellers within a short period of time, which is where you run into trouble.

Do you double soft 19?

MULTI-CARD SOFT 19 You hit and draw an Ace giving you a soft 19. The playing rules in most land-based and online casinos prohibit you from doubling...

Last updated Jul 31, 2020

How do you spot a gambler?

A preoccupation with gambling and loss of interest in other hobbies and ignoring family responsibilities. Increasing the quantities gambled to...

Last updated Nov 13, 2018

Promotion

Here are some alternatives to putting offers on multiple houses

Rather than playing this risky game, you are better off competing in a seller’s market by making a solid offer—one-at-a-time—that meets all the seller’s needs, including the price and the preferred closing date. Your real estate professional can help you find properties as soon as they are listed for sale so that you can be among the first to identify homes and areas that may have less competition. That way you can become a homeowner without taking the risk of making simultaneous offers.

realtor.com - Can You Put Offers on Multiple Houses? | realtor.com® - Realtor.com

What is the max you can claim for gambling losses?

Limitations on loss deductions The amount of gambling losses you can deduct can never exceed the winnings you report as income. For example, if you...

Last updated Oct 13, 2018

Should you ever split 10s?

The bottom line for splitting 10s against a dealer 5 and 6 is this: Average players should never split and should always stand on 20. Card counters...

Last updated Jun 21, 2021

Promotion

Do you get your money back if a fight is no contest?

MMA or boxing matches called no contest are handled like a draw in which the betting line does not include 'draw' as a wagering option. In simpler...

Last updated Sep 16, 2019

Promotion

What is the highest horse powered car?

Some of the highest horsepower cars available are: Koenigsegg Regera: 1,479hp. Tesla Model S Plaid: 1,020hp. Dodge Demon: 840hp. Ferrari 812...

Last updated Jul 28, 2021