Understanding a multi-offer process
A multi-offer process happens when more than one buyer makes an offer on a property. The multi-offer process is intended to provide all interested buyers with a fair opportunity to submit their best offer for a property they wish to purchase. 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.
You can visit settled.govt.nz and find out more about the multi-offer process here: https://settled.govt.nz/multioffer
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Settled.govt.nz is brought to you by the Real Estate Authority (REA), the independent government agency that regulates the New Zealand real estate industry.
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