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Home > Buying Foreclosure > What If There Is More Than One Offer On A Property? What If There Is More Than One Offer On A Property? Multiple offers on a property are a frequent occurrence. When this occurs, all offerers will be requested to submit their highest and best or final offer by a certain date and time. The bank seller will take best offer and accept it, give a counter offer, or reject all offers. If you have submitted an offer on a property along with others, once notified of the multiple offers, submit your best offer for the property. Your best offer is the value in which at one penny more you do not want the house…but at one penny less you would have been mad at yourself for not having offered more. Frequently we hear, “I would have paid more if the Seller would have given me a counter offer.” In a multiple offer situation, you may not get that counter offer because another buyer is offering more for the home. More than likely, in a multiple offer situation, the home will sell above the Seller’s asking price.
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