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Receiving Multiple Offer
You may receive multiple offers on your property, particularly in an active real estate market or depending on neighbourhood demand, so you should understand the process if a multiple offer situation arises.
As a seller you are not obligated to accept the highest offer, you decide which offer to accept, which offer to counteroffer, or offers to be rejected.
In Manitoba, it is a rule imposed on salespersons that the listing agent informs the buyers (through their agent) when they are in a competing offer situation without disclosure of the terms of any competing offers.
The intention of this rule is to allow buyers the opportunity to make an informed decision as to whether or not to make any amendments to their offer to purchase.
This usually is the purchase price . . resulting in your property Selling Over the Asking Price !.
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