What everyone should know about the Multi Offer process when buying a home
Kia Ora
This process is designed to give all potential buyers an equal opportunity.
Want to know more about the multi offer process just have a chat with me.
It is not like an auction where there can be multiple bids (offers) happening “live” with bidders (buyers) competing openly with one another to purchase the property being auctioned and the buyer is the person who pays the highest amount, out of all the participating buyers, that the Owners will accept. An Agreement is then automatically formed with the successful bidder ( buyer)
In a multi offer situation the seller is not obliged or required to accept any offer. They may accept one offer, reject all offers, or choose to negotiate further with one party.
Multi-offer processes can differ from agency to agency, but they can only be described as multi-offer when there is more than one offer in writing competing to buy the same property.
A multi-offer process can also be used if a property has failed to sell at auction or in a tender or deadline sale process . In these cases, an agent may initiate a multi-offer process where all interested parties are invited to submit their best offer.
Tauranga Council-private cocktail party
So-here is the latest news. The Council is to host a private cocktail party on the waterfront (not that private then) for 150 invitees to celebrate the city's transformation and progress. The list of invitees is secret (nothing new in that with the track record of the commissioners). Can Council and the commissioners be any more tone deaf? Having a cocktail party with, I assume, canapes when :
1. We are facing a 7% rates rise in a cost of living crisis.
2. Businesses have closed because of the "progress made"
3. We continue to to suffer significant inconvenience in "orange cone
city".
4. We have 4 commissioners who tried to subvert democracy by
asking to remain as unelected overlords at Council.
But really-a private cocktail party? On the waterfront? With, presumably, gates and security guards patrolling to prevent the riff raff getting in. Tone deaf.
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Hi I am looking to buy an infrared heat lamp on a small stand in working order as cannot locate any in retail stores anymore. Yr welcome to text me on 0274951499 thanks Phil
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