Receiving more than one offer on a property is a position every seller hopes to be in. Strong buyer interest usually creates greater negotiating power and can result in a better selling price.
However, according to Meridian Realty Principal and Founder Antonie Goosen, multiple offer situations require careful management to ensure every buyer is treated fairly and the seller is able to make an informed decision. "Multiple offers are always encouraging because they demonstrate that a property has been correctly priced and marketed. However, they also place a significant responsibility on the estate agent. The process must be transparent, ethical and focused on achieving the strongest overall outcome for the seller."
