194: Multi Offers - Why Do You Have to Sign a Form
Apartment Specialists Podcast No: 194
Every agreement requires consent from both parties to make it binding. With multi offers, buyers are also required to sign a form. Why are you required to do so? Watch the video to find out why. You can also download the form below.
Multi Offers: Why do you have to sign a form?
This is for you. To make sure you understand the implications of your offer and also to protect the real estate agent.
It is to make sure as a purchaser you have a clear understanding that this is your last chance to negotiate unless on the vendor's terms.
If you were involved in a multi offer and weren’t asked to sign one of these forms the real estate agent is not doing their job.
Below is an example of what one of these forms should contain.
If you have any questions, flick me an email at [email protected] or call +6421 424 892 and I’ll be happy to answer your queries.
Good day, Andrew Murray here from the Apartment Specialists, talking about multi offers and why do have these forms you have to sign? Now, these forms have been designed for you. There's an example below, for you to have a look at. Now, as to make sure that as a purchaser, you understand that have put your best offer forward, and you're going to have no further chance to negotiate unless it's on the vendor's terms ie they chose your offer to be the one they further negotiate with because they're not happy with parts of the contract i.e. settlement date, or maybe they still want more money.
So if you're involved in a multi offer, and you weren't given one of these forms to sign, that means the real estate agent you were doing business with or working with, didn't do their job. Effectively, you could put in a complaint. So I'll put an example in the form below, and what's actually the contents in that form. If you have any questions, please just send me an email - [email protected]
Anyway, cheers. Bye.