Offer presentation acknowledgement form 109

There's a new form DESIGNED TO PROVE TO THE BUYER that their offer was presented when the offer has not been accepted OR to SHOW THE SELLER that their counter offer has been presented to a buyer.

REALTORS facing multiple offer situations will find great value in a NEW OREA standard form entitled, Offer Presentation – Acknowledgement (Form 109).

Multiple offers can be rewarding as long everyone involved remembers the basic principles of fair play and professionalism. REALTORS should know how to present competing offers in such a way that their clients are protected and other professionals and consumers are comfortable with the process.

The best approach to the possibilities, benefits and risks of multiple offers is to discuss the various options with the sellers during the initial listing presentation. Advise them of your office policy on handling multiple offers and the sequence of presentations. Make the sellers aware of the possible pros and cons of these situations. REALTORS representing buyers should make their clients aware of the volatility of the market so that they can decide on their negotiation strategy.

Buyers may decide to arrange financing and do property inspections in advance, forego chattels, make a higher than usual deposit, adjust the closing date or make other concessions that would make their offer more acceptable to the seller. Price may not be the only concern for the seller.

Making a multiple offer presentation is complicated and the more knowledgeable a REALTOR is, the smoother the transaction will proceed.