Can a buyer present simultaneous offers on multiple different properties?
Question: Can a buyer present simultaneous offers on multiple different properties?
Answer: Yes. However, it's advised to proceed with caution and full disclosure to your buyer of the potential consequences. As soon as one of the properties/sellers accept an offer then the buyer shall rescind the other outstanding offers unless they can perform on more than one property. Once accepted if a buyer cancels on an issue not related to due diligence from the home or financing (obligation was already made in the REPC that they have the means to purchase the home) Separate Earnest Money is required for each offer
Realtor Magazine Article regarding"Writing Simultaneous Multiple offers in a Competitive Market"